Government Opens Cross-Border Electricity Trade to Private Sector

Kathmandu. The government has opened the door for cross-border electricity trade to the private sector as well. The government has provided Letters of Intent (LOI) to 5 private sector companies to prepare for electricity trade.

According to the Ministry of Energy, Water Resources and Irrigation, a total of 16 companies had applied for permission to trade electricity. According to the ministry, LOIs have been provided to 5 companies in the first phase out of the 16 companies that applied.