Nepali Economics

By Prajwal Shrestha

Last week, our political leaders announced the export of electricity to India, however, the Indians are importing a very nominal quantity of electricity, just 39 MW, that too produced by the plants constructed by the Indians – Trishuli and Devighat. 

The Indian message is clear that it is not going to import electricity produced from China added or constructed projects. 

The competitive price offered by India is just 6.40 rupees Nepalese currency, whereas, the production cost is double the present price on which Nepal is exporting electricity to India. 

When India is putting forward different conditions and procuring electricity at a cheap price, why our political leaders are requesting India to import Nepali electricity, we are unable to understand. 

If the Nepal Electricity Authority will provide electricity at the price it is exporting to India to the local industries, surely, it would contribute to the industrialization process in the country. Our industries will be able to substitute coal and Petroproducts consumption, which will enormously contribute to reducing climate pollution. Moreover, our industrial products will be cheaper in the international market, which will contribute to reducing the trade deficit. In the meantime, the country can explore employment opportunities for hundreds of thousands of Nepalis within the country. Why our policymakers and politicians don’t think about this aspect of strengthening the Nepali economy?

Contradictorily, the political leaders want to send the Nepali youths abroad for dirty jobs as if they will stay in the country, they will be the main trouble maker for them. The youths cannot remain silent on the daylight loot practised by those corrupt political leaders. Obviously, they stand against the political leaders and the political system. Therefore, the political leaders never plan to industrialize the nation making it an economically prosperous nation.