Nepal earned Rs 18.26 billion from electricity exports to India and Bangladesh during the peak generation months of the first five months of the current fiscal year 2025/26.
During this period, Nepal sold 2.714 billion units of power to its neighboring countries. According to the Nepal Electricity Authority (NEA), the revenue from cross-border electricity trade between mid-July and mid-December 2025 was 38 percent higher than in the same period last fiscal year, when 1.76 billion units worth Rs 13.2 billion were exported.
The earnings recorded in just five months of FY 2025/26 exceeded the total export revenue of the entire previous fiscal year by Rs 800 million. In FY 2024/25, Nepal had earned Rs 17.46 billion from electricity exports.
NEA data show that the highest monthly income—Rs 5.03 billion—was generated between September 17 and October 17, while the lowest revenue of Rs 1.10 billion was recorded between November 17 and December 15.
Nepal has been selling surplus electricity at competitive rates in the day-ahead and real-time markets of the Indian Energy Exchange (IEX), and directly to the Indian states of Haryana and Bihar under medium-term power trade agreements. The average export price during the review period stood at Rs 7.11 per unit.
At peak generation, Nepal exported up to 1,200 MW of electricity to India and 40 MW to Bangladesh. The country earned US$ 9.436 million by exporting 147.43 GWh of electricity to Bangladesh between mid-June and mid-November 2025 at a rate of 6.40 US cents per unit.
On November 27, 2025, Nepal signed an agreement to export an additional 20 MW of electricity to Bangladesh, pending approval from India. Once approved, total exports to Bangladesh will reach 60 MW during the next peak production season.
However, exports have decreased with the arrival of winter. Current generation stands at around 2,000 MW against a peak national demand of 2,280 MW. As a result, Nepal is exporting limited electricity at night when domestic demand falls, while importing power from India during daytime, according to NEA Executive Director Hitendra Dev Shakya.
Recent NEA figures indicate that electricity exports currently stand at 3,305 MWh, while imports amount to 669 MWh.
