Nepal proposes selling additional 222 MW of electricity to IndiaIEX - 143 Change: -1.15 (-0.80 %)
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 reducing domestic demand.
This will come in as slightly positive for IEX that has lately been struggling to garner volumes on account of electricity shortage and capping of DAM and TAM market. In June also, Nepal started exporting the total approved 364 MW of electricity to India through its power exchange market. Nepal is selling electricity to India through its exchange market for a second year in a row. NEA sold electricity from the same two projects for nearly one and a half months starting early November last year. Hence, this will add to the volumes of IEX in coming months.