Nepal exports electricity worth $39 million to India a month after flash floods
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nepal exported electricity worth over $39 million to India between mid-September and mid-October.
- ✓An official said the country sent 633.986 million units despite damage from August flash floods.
- ✓Nepal also resumed exporting 40 megawatts to Bangladesh through India.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Nepal exported electricity worth over $39 million to India between mid-September and mid-October, an official said on Sunday. Nepal Electricity Authority (NEA) Managing Director Dirghayu Kumar Shrestha said the country exported 633.986 million units of electricity to India during the period, earning Nepalese Rupees (NPR) 5.925 billion (roughly over $39 million) despite damage to several hydropower projects and transmission infrastructure due to flash floods in August. Flash floods, triggered by an ice-rock avalanche in the high Himalayas near the Nepal-Tibet border on August 26, devastated towns and villages in northern and central Nepal, killing around 1,400 people, while more than 5,000 remain missing.
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