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Nepal Electricity Authority, Highest Profit-Making Public Enterprise In Nepal

NEA made profit of Rs 11.06 billion in the fiscal year 2076/77 BS. Of the public enterprises in the country, NEA is the highest profit-making public enterprise for the past two consecutive years.
Nepal Electricity Authority. Picture Courtesy: Google Images

N24 Staff Writer, KATHMANDU: Nepal Electricity Authority (NEA) had organised a webinar on Monday, to mark its 35th Anniversary. Minister for Energy, Water Resources and Irrigation Barshaman Pun, who is also the chairman of NEA Board of Directors said that, they are committed to making NEA further competent and competitive.

As shared on the occasion, the NEA made profit of Rs 11.06 billion in the fiscal year 2076/77 BS, which has made the NEA’s economic health sound bringing the company’s total profit to Rs 4.87 billion.

In 2072/73 BS, the NEA had the total loss of Rs 34.61 billion. Of the public enterprises in the country, NEA is the highest profit-making public enterprise for the past two consecutive years.

Likewise, the NEA has made a whopping progress in controlling electricity leakage. The electricity leakage in system is 15.27 per cent now, which was 25.78 per cent in 2072/73 BS. With the control of power leakage by almost 11 per cent in four years, the NEA has saved about Rs 8 billion.

Similarly, the import of power from India has reduced while the portion of Nepal’s export to India has increased in the recent time. Till the last fiscal year, Nepal imported 22 per cent of total available power and it would be reduced in between 5 to 10 per cent in the current fiscal year, according to Chief Executive Director of NEA Kulman Ghising.

Further, he added that Nepal would be fully reliant in power from 2078/79 and net export shall begin then. Currently, per person annual power consumption in Nepal is around 245 units.

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