Prospect Of Power Export

As Nepal makes a leap forward in electricity generation, electricity export has emerged as a bright spot in the country's economy. For an import-dependent country, the sector has proved to be not only a reliable source to earn foreign currency to partially cover the import, but also to power domestic industries, some of which export their products. Last year, for the first time, Nepal's electricity export (Rs. 17.06 billion) surpassed its import (Rs. 16.93 billion), becoming a net exporter of electricity. In an event that added another feather in the cap of its electricity export, Nepal exported electricity worth Rs. 7.54 billion to India during the first two months of the current fiscal year.