New Delhi: Nepal will soon be supplying power to Bihar under a medium-term sales agreement, which will be the first such instance.
An official statement said on Monday (August 19) that India allowed Nepal to export an additional 251 MW of electricity to the country, reported the Press Trust of India.
“India’s Designated Authority for Cross-Border Trade has approved an additional 251 MW of power exports from 12 hydropower projects in Nepal,” the Indian Embassy in Nepal said in a statement.
As a result of this decision, Nepal will now be exporting 941 MW of hydropower from 28 projects. Prior the approval for the additional MWs, Nepl was exporting 690 MW of electricity from 16 projects, the statement said.
In the last financial year, Nepal had sold NPR 16.9 billion worth of electricity. Back in October 2021, New Delhi had approved the export of 39 MW of electricity from Nepal for the first time. The figure has grown more than 24 times in less than three years, said the statement.
India and Nepal had entered into an agreement for long-term trade of power that aims at the sale of up to 10,000 MW of power from Nepal to India in the decade, reported PTI.
In the first year of the agreement, around 1,000 MW of exports have already been completed.