NEA records profit of Rs 16 billion

Nepal Electricity Authority (NEA) central office in Kathmandu
Nepal Electricity Authority (NEA) central office in Kathmandu

Kathmandu, August 11

Nepal Electricity Authority‘s profit has gone up significantly in the fiscal year 2021/22.

According to the report made public, the authority’s profit in the last fiscal year was Rs 16.09 billion.

This is a 164 per cent increase in its profits from the fiscal year 2020/21, which was Rs 6.10 billion.

NEA’s Managing Director Kul Mman Ghising says the rise in the profit is due to a rise of 27 per cent in consumption.

“We’ve also been able to sell a lot of excess electricity to India along with increasing production of electricity,” said Ghising.

Ghising further said that another reason for a rise in profit was the control of leakage, which has saved the authority around Rs 2 billion.

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