India and Nepal have agreed to set up an energy banking mechanism to prevent spilling of electricity when production surpasses demand, according to The Kathmandu Post.
Nepal Electricity Authority (NEA) Managing Director Kulman Ghising will be leading a delegation to India to convince the Central Electricity Authority (CEA) not to raise the price of the electricity being supplied to Nepal.
Hydropower projects have been generating more electricity due to rising water levels in the rivers. They are currently producing 600 MW, up 35 MW from a month ago, the Nepal Electricity Authority (NEA) said.
The Energy Efficiency Service Limited (EESL) of India has said it will sell LED bulbs to the Nepal Electricity Authority at the rate of INR 65 (NRs 104) per bulb.