India Agrees To Reduce Energy Prices

India Agrees To Reduce Energy Prices

India has agreed to reduce the price of electricity that is exported to Nepal.

Electricity from India is imported from different Indian states via cross-border transmission lines.

With this agreement, per unit price of electricity being imported from different Indian states via 132 kv, 33 kv and 11 kv cross-border transmission line will be cheaper by IRs 0.07, 0.08 and 0.09 respectively. The per unit cost of electricity imported from 132 kv transmission line will be IRs 5.55. Similarly per unit cost of electricity imported from 33 kv and 11 kv lines will be IRs 6 and IRs 6.54 respectively.

After a Nepal Electricity Authority (NEA) delegation led by Managing Director Kulman Ghising on Tuesday requested Central Electricity Authority (CEA) of India to slash the electricity price, they agreed to reduce the price of electricity exported to Nepal. A Ghising-led team is in New Delhi currently to participate in the second edition of the Nepal-India Power Exchange Committee meeting, a bilateral platform to make decision on a number of issues related to cross-border electricity trade like tariff rate, quantity and modality. The NEA’s major agenda in the committee meeting was to convince CEA to reduce the price of electricity imported from various states of India apart and it was successful in doing so.

The new rate will be applicable immediately and until the next power exchange committee meeting which will be held in March 2018, according to Prabal Adhikari, chief of power trading department of NEA and member of the Ghising-led delegation. Read More…

 

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Credit By : Kathmandu Post

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