NEA makes Rs. 15.36 billion profit, nearly 5 billion more than last year

By TRN Online, Kathmandu, Feb 28: Nepal Electricity Authority (NEA) has earned a sum of Rs. 15.36 billion as profit for the last six months of this fiscal year, which amounts to nearly five billion rupees more than it earned in the same period last year.

Out of Rs. 67.28 billion of total income, the NEA spent Rs. 51.92 billion for electricity purchase, administrative and projects expenses, according to the NEA's financial details of the six months of this fiscal.

The NEA had made a sum of Rs. 10.91 billion profit in the first six months of the last fiscal year.

Main income and expenditure of the NEA come from electricity purchase and sale and the projects.

The NEA was in loss till 2017 amounting to Rs. 8.89 billion in that year. However, it has been gaining profits in the years since then.

NEA Executive Director, Kulman Ghising, said that control in electricity leakage, increase in power sale to India and consumption at home and control in expenses have resulted in the remarkable profit in the last six months.