NEA Loses Bid to Supply Electricity to India

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NEA Loses Bid to Supply Electricity to India

January 25: Nepal Electricity Authority (NEA) has lost its bid for supplying 25 megawatts of electricity to India during the monsoon.

NEA had submitted a proposal to sell electricity to India in early January in response to a tender issued by India’s NTPC Vidyut Vyapar Nigam (NVVN) on behalf of BRPL company.

It has been learnt that the state-owned company lost the bid because its quotations rated in the proposal was more than those offered by other companies in the competitive bidding process.

Currently, NEA has been purchasing electricity from India through Tanakpur at the rate of Rs 6.62 (IRs 4.14) per unit. NEA had quoted the same rate in its proposal, informed NEA Spokesperson Madan Timsina.

But other companies proposed lower rate than that of NEA. Acting Executive Director of NEA Hitendra Dev Shakya confirmed that NEA lost the bid as the quotations of other companies were less than that of NEA.

“Other companies pledged to provide electricity at a lower rate than us,” said Shakya, adding, “We lost the bid because the rate quoted by us was relatively higher than the rate of other companies.”

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