. Nepal has set a new record in the energy sector by achieving remarkable trade savings for the first time in electricity trade. According to the cross-border electricity import-export data of the fiscal year 2082÷083 made public by Nepal Electricity Authority, Nepal has earned net trade surplus of Rs 18.76 billion from electricity trade with India and Bangladesh.
This is 313 percent more than the previous fiscal year 2081÷082.
In the fiscal year 2081÷082, Nepal’s net savings from electricity trade was Rs 4.53 billion.
According to the statistics, Nepal exported 3.87 billion units of electricity to India and Bangladesh in the review year 2082÷083 BS.
The total income from the company was Rs 29.32 billion, which was 67.96 percent more than the previous fiscal year.
In the previous fiscal year, Nepal had exported 2.38 billion units of electricity and earned Rs 17.45 billion.
Export volume increased by 62.89 percent in a year and income increased by about Rs 12 billion. According to NEA, the electricity was sold at an average rate of Rs 7.56 per unit through the power exchange market of India and trilateral trade with Bangladesh.
Meanwhile, Nepal has been able to significantly reduce the import of electricity from external sources.
In the fiscal year 2082÷083, 1.14 billion units of electricity were imported, which is 31.57 percent less than the previous fiscal year.
Import expenses have also decreased to Rs 10.5
5 billion. In the previous fiscal year, Rs 12.92 billion was spent on importing 1.68 billion units of electricity. On this basis, the import bill decreased by 18.29 percent.
With the rapid increase in export income and decrease in import bill, electricity trade is becoming a high-yielding sector for Nepal. In the review year, the net savings of Rs 18.76 billion was made by deducting import expenses from the income of Rs 29.32 billion.
According to energy sector experts, the rapid growth in hydropower generation, expansion of cross-border transmission infrastructure, expansion of open market access to India, power trade with Bangladesh and improvement in demand-supply management have made Nepal’s electricity trade profitable.
This data indicates that the electricity sector is now not only limited to internal supply management but is also a major sector for earning foreign currency after being able to provide a market through export to the increasing electricity production during the rainy season.
Nepal’
s electricity export and trade savings are expected to increase further as more hydropower projects come into operation in the coming years and the cross-border transmission infrastructure continues to expand.
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