https://sputniknews.in/20230420/south-asia-energy-partnership-indian-firms-to-buy-2200mw-power-from-nepal-1618863.html
South Asia Energy Partnership: Indian Firms to Buy 2,200MW Power From Nepal
South Asia Energy Partnership: Indian Firms to Buy 2,200MW Power From Nepal
Sputnik India
The Independent Power Producers Association of Nepal (IPPAN) has said it will sell 2,200 MW of electricity from the country's hydropower projects to Indian companies.
2023-04-20T14:21+0530
2023-04-20T14:21+0530
2023-04-20T14:21+0530
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The Independent Power Producers Association of Nepal (IPPAN) has said it will sell 2,200MW of electricity from the country's hydropower projects to Indian companies.The statement from the IPPAN came at the end of a two-day power summit that had been held in the capital Kathmandu.Two Indian firms, Vedanta Limited and Manikaran Power Limited, signed a Memorandum of Understanding to buy Nepal's hydropower.On Tuesday, Manikaran signed an MoU with Nepal's Bizbell Energy Pvt Ltd., and Kasuwa Khola Hydropower Limited to buy 200MW of power.Nepal's law does not at present allow power-trading companies to sell electricity in the market, but it has opened the door for hydropower projects to sell the power directly in the domestic market and abroad.According to the Nepal Electricity Authority, the country's total installed capacity of power projects is expected to reach 2,853MW in mid-July this year.
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Deexa Khanduri
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the independent power producers association of nepal, ippan, has nepal hydropower projects, kathmandu, vedanta limited, manikaran power limited, ippan vice-president ashish garg, nepal power project,
the independent power producers association of nepal, ippan, has nepal hydropower projects, kathmandu, vedanta limited, manikaran power limited, ippan vice-president ashish garg, nepal power project,
South Asia Energy Partnership: Indian Firms to Buy 2,200MW Power From Nepal
Deexa Khanduri
Sputnik correspondent
Since 2021, the Himalayan nation of Nepal has been producing surplus power in the summer or wet season. Nepal has agreed to sell more electricity to avoid wasting energy during the season.
The Independent Power Producers Association of Nepal (IPPAN) has said it will sell 2,200MW of electricity from the country's hydropower projects to Indian companies.
The statement from the IPPAN came at the end of a two-day power summit that had been held in the capital Kathmandu.
Two Indian firms, Vedanta Limited and Manikaran Power Limited, signed a Memorandum of Understanding to buy Nepal's hydropower.
On Wednesday, IPPAN's Vice-President Ashish Garg said that Vedanta Limited had initiated the process of signing a long-term power purchase agreement (PPA) to buy 2,000MW of electricity from Nepal in the next five years.
On Tuesday, Manikaran signed an MoU with Nepal's Bizbell Energy Pvt Ltd., and Kasuwa Khola Hydropower Limited to buy 200MW of power.
Nepal's law does not at present allow power-trading companies to sell electricity in the market, but it has opened the door for hydropower projects to sell the power directly in the domestic market and abroad.
According to the Nepal Electricity Authority, the country's total installed capacity of power projects is expected to reach 2,853MW in mid-July this year.
