Nepal seeks free power market deal with India
Sunday, 5 December 2010
KATHMANDU, Dec. 4 (Xinhua): Nepali government has forwarded the Electricity Trade Agreement dossier to India seeking a free power market.
According to Saturday's Republica daily, if India endorses this agreement, Nepal will be able to trade power in free market.
Nepal has long been accepting the monopoly of Power Trading Corporation India Limited (PTC), an agency designated by the Indian government to purchase and sell power with Nepal.
After the endorsement of this deal by India, Independent Power Producers (IPPs) in Nepal will be able to sell power on their own by seeking a competitive market. IPPs will be able to trade power like any other commodity.
"Except PTC, there are about 37 companies in India that trade in power. IPPs will be free to choose any of the buyers that give them the best rates," said Ram Chandra Pandey, the director of Transmission and System Operation at Nepal Electricity Authority.
According to Saturday's Republica daily, if India endorses this agreement, Nepal will be able to trade power in free market.
Nepal has long been accepting the monopoly of Power Trading Corporation India Limited (PTC), an agency designated by the Indian government to purchase and sell power with Nepal.
After the endorsement of this deal by India, Independent Power Producers (IPPs) in Nepal will be able to sell power on their own by seeking a competitive market. IPPs will be able to trade power like any other commodity.
"Except PTC, there are about 37 companies in India that trade in power. IPPs will be free to choose any of the buyers that give them the best rates," said Ram Chandra Pandey, the director of Transmission and System Operation at Nepal Electricity Authority.