Nepal proposes to sell additional electricity to India

Nepal has proposed selling an additional 222 MW of electricity to India as it is facing losses of up to 800 MW daily due to increasing electricity generation within the Himalayan nation and decreasing domestic demand. In June, Nepal started exporting the total approved 364 MW of electricity to India through its power exchange market. Buoyed by surplus rainfall this year, Nepal is exporting surplus electricity to India through its power exchange market for the second consecutive year, according to the state-owned power utility body, Nepal Electricity Authority (NEA). By selling 364 MW electricity to India from June to November end, Nepal will receive Rs 4.78 billion, according to the NEA.