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ELECTRICITY : FORTUNE FOR NEPAL

CAN YOU IMAGINE NEPAL CAN EARN MORE THAN $320 BILLION FROM HYDRO-ELECTRICITY !!

Nepal's Map

With unsustainable and non-renewable resource like coal(27%) and natural gas(24%) still leading the line in the data published by "World trade primary energy consumption by fuel" in 2018, renewable source like Hydro is the future leader of the source of energy. The country like Nepal, where there are more than 6000 fast flowing rivers, can really prosper economically and can establish itself in the world by producing electricity.

Nepal's theoretical hydro power potential has been estimated to be around 83000 MW. If Nepal can generate this much amount of electricity, it can seriously profit from it economically and also can solve energy crisis of different country. I am not going to write about whether Nepal has the capability to produce 83000 MW of electricity or not. I am only going to write about how much money hypothetically can Nepal make if they are able to generate electricity to its full potential, with some boring calculations.

Nepal's one year electricity consumption is expected to be around 4.98 billion KWh (not to be mistaken with KW)

Nepal's current production of electricity is only 757 MW which is approximately around 4.24 billion KWh per year.

Nepal's maximum electricity production capacity from hydro is around 83000 MW.

From, 757 MW we are generating 4.24 billion KWh of electricity.

So, from 83000 MW we can generate around 464.8 billion KWh of electricity. (basic unitary method calculation)

Now taking account of 464.8 billion KWh of electricity, we are going to separate 8 billion KWh (which is almost double of current electricity consumption) for Nepal.

Remaining 457.2 billion KWh can now be exported.

Now to calculate the amount Nepal can generate by selling electricity we need to find the rate of selling it.

According to the data provided by "The Rising Nepal", Nepal is selling electricity to India at the rate of approximately Rs 8 per KWh.

Using this rate, total amount Nepal can generate after exporting it's remaining 457.2 billion KWh = Rs 3657.6 billion (457.2 * 8)

Converting that amount in to USD (at the current exchange rate of approximately Rs 115)= Approx. $ 320 Billion [(3657.6*10^10)/115]

Could you imagine country like Nepal with the revenue of (as per the data of 2013) $ 6 billion and expenditure of $7 billion(net being $ -1 billion )
earning $320 billion a year just by selling electricity. Nepal can become one of the richest country in the world.
Now, I won't say that this can be achieved very quickly, but it is possible. My calculations might not be the most accurate but it is quite agreeable.
Nepal's new project "Budhi Gandaki Hydropower" is expected to start soon which is going to generate around 1200 MW of electricity. It's going to cost around
Rs 205 billion (approx. $19 billion ). Normally a hydropower construction takes around 5-7 years. So if we calculate the cost of "Budhi Gandaki Hydropower" project's yearly cost, it's around $2.8 billion. So, on the basis of these data, the cost to generate 83000 MW of electricity can be around $150 billion(maximum). And yearly it can cost around $21.5 billion.
As per the calculations above, we can make $320 billion yearly by selling the electricity.
And it just costs us around $21.5 billion a year for generating the electricity. It's nothing compared to what we can earn.
It's possible and it's doable. It might be very difficult but think about the profit Nepal can make from it.