Nepal has made a significant accomplishment by exporting electricity worth Rs 4.19 billion (INR 2.62 billion) to India between mid-July and mid-August 2024. According to the Nepal Electricity Authority (NEA), the daily exports of electricity averaged is Rs 131.1 million, with a selling price of Rs 8.51 per unit.
NEA Managing Director Kulman Ghising stated that Nepal is now able to sell more than 700 MW of power per day after fulfilling domestic demand. In the fiscal year 2023/24, Nepal has become a net exporter of electricity, earning Rs 16.93 billion on exports to India and spending Rs 16.81 billion on imports. It indicates a trend toward greater energy independence.
Nepal’s electricity production capacity has tripled over the last eight years to 3,157 MW, with the peak demand at 2,650 MW. This enables Nepal to cover its requirements and increase exports to neighboring nations such as India and Bangladesh.
In January 2024, Nepal signed an important agreement with India to export 10,000 megawatts of electricity over the following decade. Since India officially permitted imports of 39 MW from Nepal in October 2021, the export volume has increased more than to 24-fold. India recently authorized the purchase of an extra 251 MW from 12 Nepali hydropower projects, increasing the total export capacity to 941 MW across 28 projects.
With its enormous water resources and expanding production capabilities, Nepal is destined to become a key energy provider in South Asia, taking advantage of its rising ability to export electricity to its neighbors.
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