Power News We love to talk!

APR 05 2017

Nepal to import electricity worth NRS 15 billion from India current fiscal

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 05th APR 2017

Nepal today said it will import electricity worth NRS 15 billion from India during current fiscal year to end power cuts in the country.

The Nepal Electricity Authority (NEA) has so far imported electricity worth NRS 9.68 billion from India in the first nine months of the fiscal year 2016-17. It is projected that an additional power worth Rs 6 billion would be required to import from India in three months to end power outage in the country.

NEA Chief Executive Officer Kul Man Ghising said that power worth around Rs NRS 14.9 billion was imported in the last fiscal year. The import of power seems to be high this year than it was in the last fiscal, Ghising told reporters here.

The power production last year was 5,000 mega watt while it would rise to 6,000 mega watt this year, he said.

According to NEA sources, the nationwide electricity leakage and theft prevention campaign has succeeded in dropping power leakage by 4 per cent. With this, the NEA was able to generate revenue worth Rs 1.2 billion, they said.

Nepal last year experienced more than 12-hour load-shedding, a day during winter season, when its power generation is reduced to minimum level.

Tags

Nepal Nepal Electricity Authority Power Generation Import Power Electricity India MAN

Related News

  • OVL to raise Rs 5,190 crore loans to meet Capex  Read more
  • Power bill to rise between Rs 500 and Rs 1,300 annually from next year  Read more
  • Ethanol use can reduce India's fuel imports, says Prime Minister Modi  Read more
  • CERC fixes transmission charges for assets under System Strengthening XIX in Southern Regional Grid  Read more
  • Steel companies seek removal of import duty and cess on coking coal  Read more
  • Fuel marketers to meet 5% ethanol blending target in 2016: Dharmendra Pradhan  Read more
  • Cabinet allows flexible use of domestic coal by power plants  Read more
  • Centre denying benefits of low oil prices to consumers: Manmohan Singh  Read more
  • CCI gives 30 days to get oil blocks out of MoD fire  Read more
  • Gas migration case: RIL initiates arbitration against govt  Read more