India proposes to sell 500 MW electricity to Nepal
Mar 24, 2009 - Xinhua
KATHMANDU - Power Trading Corporation (PTC) of India has written to the Ministry of Water Resources with a proposal to sell 500 MW of electricity to Nepal, Kantipur daily reported Tuesday.
PTC has mentioned in the letter it can supply electricity for 20 to 25 years. If the Nepali government accepts the proposal the transmission will start within 18 months from now.
The Water Resource Ministry has already forwarded the proposal to the Prime Minister, Vice-Chairman and members of National Planning Commission and Finance ministry officials for contemplation. Water resource secretary Shankar Prasad Koirala said the initial response from all sides is positive.
The ongoing problem of power outage for long hours can be resolved within 18 months if a political consensus is created to purchase electricity from India.
Meanwhile, high voltage cross border transmission lines need to be constructed to import electricity in large quantity.