Nepal-India Power Exchange Committee meeting is going to be held in New Delhi from Tuesday.

Officials of the Ministry of Energy and Nepal Electricity Authority will discuss the energy cooperation and purchase rate for electricity being imported from India with the officials of Ministry of Power, India.

Nepal has been importing around 150 megawatts of power from India under this mechanism. As per the power purchase agreement signed under this mechanism, the meeting fixes the tariff for electricity imported by Nepal every year. The agreement also states that the tariff will be hiked by 5.5 per cent every year in case the committee fails to hold its annual meeting.

The meeting of the committee is being held after six years and the electricity tariff has shot up to Rs 7.61 due to annual hike of 5.5 per cent. The meeting of the committee is expected to revise the rate.