November 19: Electricity trade is likely to dominate the upcoming Power Summit 2019 in Nepal at a time when the country is moving towards a surplus of electricity generation.
Discussions will be held on internal electricity market, regulation of electricity market, regional electricity trade and potential of electricity in the region during the summit, which will be organized by the Independent Power Producers Association of Nepal (IPPAN).
Participants from Nepal, India, Bangladesh, Bhutan, China among others will attend the two-day summit slated for November 21-22.
The electricity produced in Nepal has almost reached a point of surplus due to lack of market. In this context, IPPAN said that the main agenda of Nepal will be electricity trade this time.
The government has declared to produce 15,000 megawatts of electricity within a decade. The government plans to consume 10,000 megawatts of electricity while it intends to export the surplus 5000 megawatts of electricity.
So far, Nepal Electricity Authority distributes electricity within the country and also deals with India for the give and take of electricity. But the private sectors have been demanding their role in electricity trade as the country gets ready to produce surplus electricity.
IPPAN members claim that India has the potential of purchasing 16,000 megawatts of electricity from its neighbouring countries while Bangladesh is likely to purchase 9000 megawatts of electricity from Nepal alone in the future. However, this is not likely to materialize unless the neighbouring countries invest in the hydropower sector of Nepal, argues Ashish Garg, general secretary of IPPAN.