Power Trading Between Nepal and India

The integration of energy market through formation of Power Trading Companies helps to optimize existing energy resources and provides commercial outlook to the sector by catalyzing investment especially from domestic and foreign private sector, says Pramod Rijal, associate from Atlas’ Nepal based partner organization Samriddhi, The Prosperity Foundation. There is a free flow of electricity in Nordic countries and prices are determined by free interaction of supply and demand and the mechanism has helped new players to enter the market which eventually reduces the price and brings new innovation. Additionally, it has also created energy security in the region. East African countries like Rwanda, Tanzania, and Kenya are also reforming their energy policies so as to aid the formation of a common market for energy exchange. Read more