Nepal is charting a course towards becoming a major player in the regional energy market, with a strategic focus on bolstering its hydropower sector. The government of Nepal has prioritised the development of hydroelectricity and is aiming to export a substantial 10,000 megawatts (MW) of hydroelectric power to India within the coming decade.
This bold ambition reflects Nepal’s commitment to harnessing its abundant natural resources for mutual benefit and regional energy cooperation.
According to sources Minister for Energy, Water Resources, and Irrigation Shakti Basnet outlined Nepal’s comprehensive energy strategy, which aims to generate a staggering 28,700 MW of electricity by 2035. This ambitious plan underscores Nepal’s determination to not only meet domestic energy needs but also emerge as a key exporter of hydroelectricity to neighbouring countries. Currently producing approximately 3,300 MW of electricity, Nepal has the capacity to export surplus energy to India, particularly during the rainy season. The revenue generated from last year’s hydroelectricity exports to India, amounting to nearly INR 15 billion, highlights the economic potential and viability of Nepal’s energy export endeavours.
Nepal’s ambitious energy roadmap, earmarking 10,000 MW of hydroelectric power for export to India. Additionally, Nepal plans to allocate 5,000 MW to Bangladesh and retain 12,000 MW for domestic consumption. This strategic allocation underscores Nepal’s commitment to regional energy collaboration and sustainable development. Nepal’s endeavor to export hydroelectricity to India not only presents economic opportunities but also fosters greater regional cooperation and energy security. By leveraging its abundant water resources, Nepal aims to become a significant player in the regional energy landscape, contributing to the growth and development of the entire South Asian region.
