In just two months, electricity worth Rs. 7.5 billion was shipped to India.

The current fiscal year has seen the export of electricity to India amounting to Rs. 7.54 billion in the first two months.

The Nepal power Authority (NEA) reported that in the first two months of the current fiscal year, from July 16 to September 16, 2024, it exported 1.029 billion units of power to India and earned Rs. 7.54 billion.

The NEA reports that during the current fiscal year's Nepali months of Shrawan (July 16 to August 16) and Bhadra (August 17 to September 16), it exported power valued at Rs. 3.92 billion and Rs. 3.55 billion, respectively.

According to the report, roughly 492.8 million units of power were exported in the month of Shrawan and 536.2 million units in the month of Bhadra.

Over a two-month period, the average rate of electricity export is Rs. 7.33 per unit. In Shrawan, the average pricing per unit was Rs. 8.11, but in Bhadra, it was Rs. 6.62.

The maximum amount of electricity, valued at Rs. 995.5 million, was exported during a week from September 1 to 8, 2024, according to the NEA.

But the least quantity of electricity, valued at Rs. 690.8 million, was exported between August 25 and August 31.

Trade in electricity is conducted in Indian rupees. Therefore, in the first two months of the current fiscal year, electricity valued at IRs. 4.71 billion has been sold.

Flood impacts the objective for power exports.

The damage to the hydropower plants and transmission lines that are in use as a result of the floods is currently affecting the export of electricity, according to Kul Man Ghising, Managing Director of NEA.

"In the current fiscal year, we had set a target to export electricity worth around Rs. 30 billion, but due to the floods and landslides damaging the hydropower plants and transmission lines, electricity production will be stopped and the target will be affected," stated Executive Director Ghising.

In compliance with the bilateral medium-term power sale agreement, the authority is selling the excess electricity in the Indian Energy Exchange (IEX) day-ahead and real-time markets at a competitive price.

consensus in the states of Bihar and Haryana.

As of now, the Authority has been given permission to sell 941 MW of electricity generated by 28 projects in the Indian market in compliance with the medium-term power sales agreement and competitive market. Approximately 900 megawatts of power were exported per day prior to the storm. Presently, the daily export of power is limited to approximately 150 megawatts. 

The floods have affected about 750 megawatts of electricity generation, including the largest 456 megawatt Upper Tamakoshi Hydropower Project.

In the previous year, India bought power worth Rs. 16.93 billion and exported electricity worth Rs. 17.06 billion.

Almost the past year, Nepal's electrical exports have exceeded its imports by almost Rs. 130 million, turning the country from a net importer of electricity to an exporter.

On May 1, 2021, Nepal joined the Indian Energy Exchange's Day Ahead Market.

On November 3, 2021, Nepal—which had previously been granted authorization to import electricity—was also approved as an exporter.

An agreement was recently inked in Kathmandu between NEA, Bangladesh Power Development Board (BPDB), and NTPC Vidyut Vyapar Nigam (NVVN) enabling Nepal to sell power to Bangladesh.

Bangladesh will now import 40 megawatts of electricity from Nepal in accordance with the agreement.