POWER

Nepal to kickstart overseas participation on Indian power exchanges

Indian power exchanges may soon host buyers and sellers from neighbouring countries as India looks to operationalise cross-border sale and purchase of electricity for which regulations were finalised last year.

As per the plan, power producers from neighbouring Nepal would be the first to get access to Indian power exchanges through a power trader to undertake both short term and long term power sale contracts.

Sources said that initial talks for cross border participation of Nepalese power producers on Indian exchanges has already been concluded and the Joint Steering Committee (JSC) on cooperation in the power sector between the two countries will finalise the details of participation with regard to rules and regulations and creation of infrastructure to support the initiative.

The JSC is an apex bilateral mechanism set up by both nations to enhance and coordinating various government-to-government led initiatives in the power sector.

Source
ET Energy World
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