KATHMANDU, April 16 -- Nepal Electricity Authority (NEA) can now access the Indian market to purchase electricity at competitive prices set by the free market, with the Indian government incorporating the power-utility authority of Nepal as a member of NTPC Vidyut Vyapar Nigam Ltd, India.

According to the NEA, India's Ministry of Power notified the Nepali authority after approving Nepal's request for allowing the NEA to be a member of the Indian energy exchange market. "The new development could set a milestone for Nepal as it will also open the access for the landlocked country to carry out energy trade with Bangladesh," said NEA Executive Director Hitendra Dev Shakya.

Shakya said with the decision of the Indian government, Nepal can n...