Nepal opens door for state-backed power trader, while private firms remain shut out

The move gives Nepal Electricity Authority’s subsidiary a foothold in cross-border power trading, even as private companies seeking licences remain locked out pending changes to the legal framework.

Nepal Electricity Authority’s subsidiary, Nepal Power Trading Company Ltd (NPTCL), is set to enter the electricity trading business after the authority’s board approved the sale of up to 100 megawatts of electricity.