Indian govt amends electricity regulation

Indian govt amends electricity regulation

India has amended its cross-border power trading regulation paving the way for Nepali power producers to export electricity not only to India but also other third countries like Bangladesh, Bhutan and Myanmar.

Indian authorities have rescinded the provision, which stated that only companies fully owned by the governments of the concerned countries or those having at least 51 per cent equity investment of Indian public or private companies could export power to the Indian market after obtaining one-time approval from the designated authority in India.

“This is a major success for Nepal, Bangladesh, Bhutan and Myanmar,” said Dinesh Kumar Ghimire, joint secretary at the Ministry of Energy, Water Resources and Irrigation. “All the concerned countries had been putting pressure on India to revise its guidelines.” Read More

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