Nepal to import electricity worth Rs15 billion

KMT

KATHMANDU: Nepal Electricity Authority (NEA) said on Tuesday it will import electricity worth Rs 15 billion from India during current fiscal year to end power shortages in the country. 

NEA has already imported electricity worth Rs 9.68 billion from India in the first nine months of the fiscal year 2016-17.

It is proposed that a second purchase of electricity worth Rs 6 billion would be bought from India in the next three months.

Speaking at the press conference, NEA CEO Kul Man Ghising said that power worth around Rs 14.9 billion was brought in the last fiscal year.

He added that power had to be imported for now in order to avert the huge power crisis in the country.

The power production in Nepal was 5,000 MW last year while it is estimated to rise to 6,000 MW this year.