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Start importing electricity at competitive price, 37 paisa cheaper than before

Kathmandu : Nepal Electricity Authority (NEA) has started purchasing electricity directly from the Indian energy market at competitive rates.

NEA has started importing 200 to 250 MW of electricity through the Dhalkebar-Muzaffarpur interstate transmission line by purchasing 200 to 250 MW of electricity in the Indian Energy Exchange market from 12 noon on Saturday.

NEA Executive Director Hitendra Dev Shakya said that Nepal has become the first country in South Asia to enter the Indian energy exchange market for electricity trade. Shakya mentioned that the per unit price of electricity including all charges is 3.81 Indian rupees.

When NEA purchased electricity for Saturday at the rate fixed bu the Indian market for the first time, we got electricity at 37 paisa cheaper than the current import price. This has saved us around Rs 3 million 48 thousand.

NEA currently imports electricity from India through Dalkebar-Muzaffarpur interstate transmission at Rs 4.18 per unit. NEA is currently importing most electricity through Dhalkebar-Muzaffarpur transmission line.

NEA and Indian company NTPC Power Corporation Limited (NVVN) have signed a power purchase agreement (PPA) for Dhalkebar-Muzaffarpur transmission line up to 250 MW in July-November, 350 MW in December-April and up to 200 MW in May-June.

The PPA is valid till June 30, 2021. NVVN, the Indian nodel company, will conduct all transaction on behalf of NEA for the purchase of electricity from the Indian exchange market. NVVN will send daily transaction details to NEA at 6 pm every day.

According to Executive Director Shakya, NEA has to send the payment within five days after the daily bill of electricity traded in the exchange market is submitted by NVVN.

(Source : Online Khabar)

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