Latest news with #BangladeshPowerDevelopmentBoard
Business Recorder
8 hours ago
- Business
- Business Recorder
Nepal begins commercial power export to Bangladesh
KATHMANDU: Nepal said Monday it has begun regular commercial electricity exports to Bangladesh, marking its entry into the international power market beyond neighbouring India. The landlocked Himalayan nation started transmitting 40 megawatts (MW) of electricity to Bangladesh via India on Sunday under a five-year agreement. 'Nepal will continue supplying electricity to Bangladesh during the monsoon season from mid-June to mid-November,' Rajan Dhakal, spokesperson at Nepal Electricity Authority, told AFP. In October, the country signed a tripartite power export deal with the Bangladesh Power Development Board and India's NTPC Vidyut Vyapar Nigam, which is facilitating access to the transmission line. The following month, the line was opened for only one day. 'This is just the beginning of Nepal's journey as an energy exporter,' Nepal's energy minister Dipak Khadka said. 'This highlights our energy surplus and commitment to regional energy security,' he posted on X Sunday. Four in five Nepalis did not have access to electricity at the turn of the century, according to the International Energy Agency, but a dam-building spree has since helped connect nearly all its 30 million people to the grid. The country now boasts an installed electricity capacity of more than 3,500 MW, with more power than it can currently consume during the rainy season. Nepal first began exporting electricity to India on a smaller scale in late 2021. Exporting power to Bangladesh comes as the country struggles with energy insecurity. With an electricity grid heavily reliant on fossil fuels, it has faced severe power outages over the past year. Some studies estimate that water-rich Nepal could have a total potential capacity of 72,000 MW, which is about 20 times the size of the current installed capacity. However, conservationists have criticised Nepal's rush to develop its hydro potential, saying that environmental compliance safeguards are sometimes ignored.
Yahoo
13 hours ago
- Business
- Yahoo
Nepal begins electricity export to Bangladesh
Nepal has initiated the export of 40MW of electricity to Bangladesh, utilising India's power grid in a landmark move on regional energy cooperation. The move also marks India's pivotal role as an important facilitator in South Asian electricity trade, as reported by Reuters. The commencement of power exports is a result of an agreement signed in October 2024 by the Nepal Electricity Authority, the Bangladesh Power Development Board and NTPC Vidyut Vyapar Nigam from India. The tripartite arrangement enables the seamless transnational flow of electricity across these nations. Nepal's Energy Minister Dipak Khadka stated that the country is also exporting 80MW to Bihar state in India's east. According to the minister, these power exports have opened up a 5GW export market for the country. India plays a significant part in these dynamics as it both imports and exports electrical power within the region. It supplies electricity to neighbours such as Nepal, Bangladesh and Myanmar while drawing power from countries such as Nepal and Bhutan. Discussions are ongoing over connecting its grid with that of Sri Lanka to further integrate regional energy networks. This development coincides with rapid advancements in Nepal's hydropower capabilities. Indian company Satluj Jal Vidyut Nigam (SJVN) is currently developing a 900MW Arun-3 hydroelectric project located in the Sankhuwasabha district of Nepal. In April 2025, agreements were forged between India's Power Grid Corporation and the Nepal Electricity Authority aimed at establishing high-capacity cross-border transmission lines that will support future power exchanges between the two countries. With an installed capacity exceeding 3GW, of which hydroelectricity comprises 95%, Nepal is actively seeking investments from Indian entities to enhance its hydropower production capacities. The goal is to meet domestic demands then generate surplus for export purposes, primarily targeting New Delhi's expanding market demand. "Nepal begins electricity export to Bangladesh" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
14 hours ago
- Business
- Yahoo
Nepal begins electricity export to Bangladesh
Nepal has initiated the export of 40MW of electricity to Bangladesh, utilising India's power grid in a landmark move on regional energy cooperation. The move also marks India's pivotal role as an important facilitator in South Asian electricity trade, as reported by Reuters. The commencement of power exports is a result of an agreement signed in October 2024 by the Nepal Electricity Authority, the Bangladesh Power Development Board and NTPC Vidyut Vyapar Nigam from India. The tripartite arrangement enables the seamless transnational flow of electricity across these nations. Nepal's Energy Minister Dipak Khadka stated that the country is also exporting 80MW to Bihar state in India's east. According to the minister, these power exports have opened up a 5GW export market for the country. India plays a significant part in these dynamics as it both imports and exports electrical power within the region. It supplies electricity to neighbours such as Nepal, Bangladesh and Myanmar while drawing power from countries such as Nepal and Bhutan. Discussions are ongoing over connecting its grid with that of Sri Lanka to further integrate regional energy networks. This development coincides with rapid advancements in Nepal's hydropower capabilities. Indian company Satluj Jal Vidyut Nigam (SJVN) is currently developing a 900MW Arun-3 hydroelectric project located in the Sankhuwasabha district of Nepal. In April 2025, agreements were forged between India's Power Grid Corporation and the Nepal Electricity Authority aimed at establishing high-capacity cross-border transmission lines that will support future power exchanges between the two countries. With an installed capacity exceeding 3GW, of which hydroelectricity comprises 95%, Nepal is actively seeking investments from Indian entities to enhance its hydropower production capacities. The goal is to meet domestic demands then generate surplus for export purposes, primarily targeting New Delhi's expanding market demand. "Nepal begins electricity export to Bangladesh" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Star
21 hours ago
- Business
- The Star
Nepal begins first power exports to Bangladesh via India's grid
KATHMANDU: Nepal has begun exporting 40 megawatts (MW) of electricity to Bangladesh through India's power grid in its first move into the international energy market and positioning India as a key facilitator of regional electricity trading. Nepal is also exporting 80 MW to Bihar state in India's east, Nepal's Energy Minister Dipak Khadka said on X on Sunday (June 15), adding that power exports had unlocked a 5,000 MW export market for the Himalayan nation. The power transaction follows a tripartite agreement signed in October between Nepal Electricity Authority, Bangladesh Power Development Board, and India's NTPC Vidyut Vyapar Nigam. India exports electricity to Nepal, Bangladesh and Myanmar, while importing power from Nepal and Bhutan and is discussing plans to integrate its grid with Sri Lanka. The development comes as Nepal rapidly expands its hydropower capacity, with Indian hydro power producer SJVN currently developing the 900 MW Arun-3 project in Nepal's Sankhuwasabha district. In April, India's Power Grid Corporation and Nepal Electricity Authority agreed to implement high-capacity cross-border transmission infrastructure to facilitate increased power trading. Nepal, which has installed capacity of more than 3,000 MW, with 95% hydro, has also been seeking Indian investment to boost its hydroelectric output and export surplus power to New Delhi. - Reuters
Hans India
2 days ago
- Business
- Hans India
Nepal starts exporting electricity to Bangladesh via India's power lines
The Nepal Electricity Authority (NEA) on Sunday resumed exporting 40 megawatts (MW) of electricity to Bangladesh through India's power transmission system. The resumption follows a tripartite agreement signed in 2023 between the NEA, the Bangladesh Power Development Board (BPDB), and India's NTPC Vidyut Vyapar Nigam Limited (NVVN). Under the agreement, the NEA will export electricity to Bangladesh for five months - from June 15 to November 15 - during Nepal's peak production period in the rainy season. NEA Deputy Manager Subarna Sapkota of the Electricity System Control Department stated that a total of 146.88 million units of electricity will be exported over this period, generating an estimated Rs 129 crore in revenue. The export rate has been fixed at 6.40 US cents per unit. Bangladesh has agreed to import electricity from Nepal for the next five years. The electricity will be transmitted from Nepal's 400 kV Dhalkebar Substation, routed through Muzaffarpur and Behrampur in India, before reaching the Bheramara Substation in Bangladesh. According to the NEA, the export resumed at midnight on Saturday after Bangladesh opened a letter of credit (LC), clearing the way for the transaction. "We started exporting 40 MW from Saturday night," said NEA Executive Director Hitendra Dev Shakya. Earlier, there were doubts over Nepal's plan to export 40 megawatts of electricity to Bangladesh from June 15, as Bangladesh had delayed opening the letter of credit (LC). On November 15, last year, India's Power Minister Manohar Lal, Nepal's Energy Minister Deepak Khadka and Bangladesh's Energy Ministry advisor Muhammad Fouzul Kabir Khan inaugurated electricity exports to Bangladesh jointly. That day, 470,000 units of electricity were sold, generating revenue of $30,080. The NEA also exports electricity to India. It started supplying 185 MW to India's Haryana on June 1, which has since increased to 200 MW. In accordance with the bilateral agreement, the electricity is being sold at a rate of Rs 5.25 per unit.
