Nepal Electricity Authority (NEA) has recorded a profit of NPR 9.11 billion in the first three months of the current fiscal year. This is the profit before tax deductions.
From Shrawan to Ashwin (mid-July to mid-October), NEA’s total revenue, including interest and other income, amounted to NPR 41.8 billion, while its total expenses stood at NPR 32.69 billion.
Operational and Maintenance Costs
During this period, NEA spent NPR 32.69 billion on operational and maintenance costs. The electricity sales revenue from various distribution centers totaled NPR 28.95 billion, with NPR 26.77 billion realized.
Power Purchases and Expenses
NEA purchased 4.10 billion units of electricity, including 870 million units from its subsidiaries and NPR 3.22 billion units from other private producers. The total payment for this power purchase was NPR 21.09 billion, according to Managing Director Kulman Ghising.
No Electricity Imports from India
NEA reported no electricity imports from India during this period. While expected electricity exports were hindered by flooding in the second week of Ashwin, NEA did not need to import power. Instead, NEA exported 1.40 billion units of electricity to India, generating NPR 10.88 billion in revenue.
Investments in Projects and Electrification
A total of NPR 16.93 billion was spent through government and foreign investments for various projects and electrification initiatives. Of this, NEA itself contributed NPR 10.88 billion, while NPR 6.05 billion was spent on foreign payments.
