Kathmandu, Aug. 11 -- 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.

NPTCL will trade electricity generated by projects that already have power purchase agreements (PPAs) with the Nepal Electricity Authority, selling the power to India and potentially other countries.

The NEA board has already approved the arrangement and the proposal has now been sent to the Electricity Regulatory Commission for its consent, said NPTCL Chief Executive Officer Kamal Acharya.

"We have sought the commission's consent to buy and sell electricity," Acharya said. "Once we receive its approv...