Milestone Power Export

With the export of 40 megawatts (MW) of electricity, Nepal has formally started exporting electricity to Bangladesh. Dipak Khadka, Minister for Energy, Water Resources and Irrigation of Nepal, Manohar Lal, Minister for Power of India and Muhammad Fouzul Kabir Khan, Advisor to Power Division, Ministry of Power, Energy and Minerals Resources of Bangladesh, jointly inaugurated the electricity export virtually on Friday. This is a momentous milestone in regional energy cooperation which also marks a significant step towards diversification in our electricity export. According to Nepal Electricity Authority (NEA), the electricity trade between Nepal and Bangladesh will be in US dollars, with the later paying 6.40 US Cents per unit (Rs. 8.62 per unit). This is also a shift from electricity trade with India, which is in Indian currency.