Kathmandu, Dec 18: The Nepal Electricity Authority (NEA), the government entity, has reported a profit of Rs 9.11 billion before tax in the first three months of the current fiscal year 2024/25.
From mid-July to mid-October, NEA recorded total revenue of Rs 41.81 billion, including interest and other incomes, while expenses during the same period stood at Rs 32.69 billion.
Operational and maintenance expenses accounted for Rs 32.69 billion. Out of the total revenue, Rs 28.95 billion was generated from electricity sales through various distribution centers, with Rs 26.78 billion being collected.
NEA purchased 4.10 billion units of electricity from its subsidiaries and private producers, spending Rs 21.09 billion on power procurement. According to NEA Executive Director Kulman Ghising, purchases included 875.2 million units from its own and subsidiary plants and 3.23 billion units from private producers.
Notably, no electricity was imported from India during this period. Despite floods in the second week of October affecting expected exports, the NEA managed to avoid imports. During this time, the NEA exported 1.4 billion units of electricity to India, earning Rs 10.89 billion.
Additionally, the NEA invested Rs 16.94 billion in various projects and electrification efforts, funded by the government, foreign aid, and investment. Of this, Rs 10.88 billion was NEA’s own expenditure, while Rs 6.06 billion was foreign payments. #nepal #NEA #powertrade
