India’s electricity demand is forecast to dramatically increase in the coming decade, creating a potential market for Nepal’s hydropower resources. However, a new report indicates Nepal can’t rely on sustained demand from India indefinitely. India is aggressively investing in its own renewable energy infrastructure—solar, wind, storage, and nuclear—reducing its future dependence on external sources. While the current demand surge presents an opportunity for Nepal to export power, the long-term viability of this market hinges on Nepal’s ability to rapidly develop its hydropower projects. Failure to do so could mean missing out as India becomes increasingly self-sufficient in energy production. The window of opportunity for Nepal to establish itself as a key energy partner is narrowing with India’s energy transition. This situation underscores the need for Nepal to accelerate project development and secure long-term power purchase agreements.