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Nepal says no to exporting hydroelectric power

Nepal has decided not to approve any hydropower projects that will export the bulk of the electricity they generate, media reports indicate.

The announcement was made by Dharmendra Bastola, head of the Seti-Mahakail Bureau, the region where the Upper Karnali hydropower project is located, reports indicate.

Bastola said the central committee of his party decided that the license given to the project developer GMR to conduct a survey should be scrapped and a fresh contract negotiated.

A consortium led by GMR received the license in 2008 to develop the Upper Karnali, with Nepal Electricity Authority receiving 27 percent free equity and Nepal 12 percent free power.

The rest of the generated power was to be sold to India.

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