The policy will help Indian power plants sell excess generation to other Saarc nations. Power plants of Tata Power, GMR Energy and Satluj Jal Vidyut Nigam totaling 5,000 mw are under construction in neighbouring countries.India expects to be power surplus this year. It will enable the Ministry of Power to allow spot trade of electricity when it deems fit. "The policy will immediately enable domestic firms in setting up power plants in Nepal and Bhutan to sell electricity in India.Likewise, it will enable export of excess power from India," a senior government official said. But cross-border spot trade will have to wait as the buyers and sellers are not known.As per the policy, the countries will set up enabling power transmission lines within their borders, while the common infrastructure will be set up in joint ventures.

Source: Economic Times August 10, 2016 22:07 UTC