Skip to content
|Loading...
Share Gyan home
EBook

India Approves Up to 654 MW Power Supply to Nepal for 18 Hours Daily

India has approved the supply of up to 654 MW of electricity to Nepal for 18 hours a day until December 31, providing backup support as flood-damaged hydropower projects could increase Nepal’s winter power demand.

Published By Share Gyan
India Approves Up to 654 MW Power Supply to Nepal for 18 Hours Daily

India has decided to provide Nepal with up to 654 MW of electricity for 18 hours every day until December 31, with the arrangement coming into effect from Friday. The decision was taken by India’s Ministry of Power to support Nepal’s electricity system when required. According to India’s Press Information Bureau (PIB), Nepal will be able to receive up to 600 MW through the 400 kV Muzaffarpur–Dhalkebar transmission line from midnight to 6 PM, along with up to 54 MW through the 132 kV Tanakpur–Mahendranagar line. However, electricity supply will not be available during the peak-hour period from 6 PM to midnight. Nepal is currently exporting an average of around 800 MW of electricity to India each day. However, floods have shut down 12 hydropower projects with a combined capacity of 431 MW, raising the possibility that Nepal may need to import electricity during the upcoming winter. Nepal Electricity Authority spokesperson Rajan Dhakal said the approved import capacity may not be used significantly right away, as Nepal is currently in an electricity-exporting position. However, the approval will provide valuable backup support if unexpected problems occur in power projects or transmission lines. Meanwhile, Nepal’s 40 MW electricity export to Bangladesh has also been halted after flood-related disruptions affected the source projects. The NEA has requested approval to export electricity from the Kabeli B-1 and Thulo Khola projects, but permission from India is still pending.

Nepal Rastra Bank Publishes Thursday's Foreign Exchange Rates; US Dollar at Rs. 149.61

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Thursday. The buying rate of one US dollar has been fixed at Rs. 149.61 and the selling rate at Rs. 150.21. The British Pound Sterling has recorded the highest value among the major currencies listed, with a selling rate of Rs. 200.16.

Gold Price Plunges by Rs. 5,900 Per Tola on Dhanteras; Silver Also Declines

Gold and silver prices recorded a sharp decline in the Nepali market on Friday, Kartik 20, coinciding with Dhanteras. Gold fell by Rs. 5,900 per tola to Rs. 283,000, while silver dropped by Rs. 110 per tola.

Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance

Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.

Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters

Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).

Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1

Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.

Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1

Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.