Nepal to sell surplus electricity to IndiaIEX - 143 Change: -1.15 (-0.80 %)
News: Nepal has started selling electricity to India through its power exchange market since last week. Total 37.7 MW has started to be sold to Indian buyers from Thursday onwards.
Views: This came in as positive for IEX that was lately struggling to garner volumes on account of electricity shortage and capping of DAM and TAM market. Nepal is selling electricity to India through its exchange market for the 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.