http://www.zeenews.com/znnew/articles.asp?aid=365640&ssid=50&sid=BUS
Kathmandu, April 13: Nepal has evinced interest in working with Indian power companies to generate hydropower for both internal consumption and export purposes.
A team of Power Trading Corporation of India Ltd (PTC), which met Nepalese officials here today, said it was very much hopeful that a breakthrough will be made in the area of power trade between the two neighbours in near future.
"The talks were very much fruitful and they are quite enthusiastic to work with the Indian power companies to generate hydropower not only for internal consumption but also for export purposes," PTC'S director S K Dubey said.
India is a growing economy with a big market for hydropower, he pointed out.
Nepal, currently facing a deficit of power, needs to purchase 50 to 100 MW power to fulfill its short-term demand.
However, India can only supply 10 to 15 MW power to it due to the availability of limited power transmission lines, Dubey said.
According Nepalese officials, the country would be in a position to export power to India after 5-6 years as it would be able to meet its domestic demands by then.
Currently, PTC is working for the construction of 750 MW West Seti hydropower project in far-western Nepal, for which Chinese banks have shown interest for investment.
India has agreed to purchase 4.95 cents per KW power from the project.
However, investors have to finalise the deal before the construction of the project can actually begin.
Bureau Report
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