In 2081/82, the authority's pre-tax profit was Rs 9.67 billion, and in 2080/81, the pre-tax profit was Rs 14.47 billion.
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The profit of Nepal Electricity Authority has decreased in the financial year 2081/82. On the occasion of the authority's 40th anniversary, Executive Director Hitendradev Shakya informed that the profit before tax in the last financial year has dropped to 9.67 billion rupees. According to him, this is 37.32 percent less than the profit in 2080/81.
In the financial year 2080/81, the authority's profit before tax was Rs 14.47 billion. After paying the tax, the authority made a profit of 10.53 billion rupees. The Authority, which suffered a loss of Rs 8.89 billion in 2072/73, has been continuously making profits since then.
The authority has earned 1 trillion 25 billion 277 million rupees from the sale of electricity including exports, which is 8.46 percent more than the previous year. Shakya said that including income from other sources, the total income in 2081/82 was 1 trillion 38 billion 87 million rupees and the expenditure was 1 trillion 29 billion 81 million rupees.
The total assets of the authority increased by 6.2 percent to 6 trillion 84 billion 91 crore rupees. To meet the country's energy demand, the authority has been entering into power purchase agreements with the private sector. Currently, 2929 megawatts of electricity is being produced through 204 projects run by the private sector. Likewise, 142 projects with a capacity of 4,333 megawatts are under construction. The authority said that 148 projects with a total capacity of 4,203 megawatts are in various stages.
In 2081/82 alone, Shakya says that 31 private promoters had 932 MW hydropower projects and 8 promoters had 170 MW solar project purchase agreements. So far, he said, a power purchase agreement (PPA) worth 11,436 megawatts has been signed with the private promoter.
Energy, Water Resources and Irrigation Minister Deepak Khadka emphasized that energy and electricity are as indispensable as oxygen and the authority should be transformed into an organization that can provide uninterrupted, safe and reliable supply for 24 hours. He said that although significant achievements have been achieved in electricity production by collaborating with the private sector in the past years, there are still many aspects of improvement.
Considering safe, quality and reliable electricity as the main need now, Minister Khadka also instructed the authority to reduce electricity leakage through the use of smart technology. "Collect the arrears of dedicated and trunk lines that have not been collected for a long time immediately," he said, "The money for the electricity used should be collected." Don't delay the collection of dues under any pretext.'
National Planning Commission member RP Biccha pointed out the need to provide electricity to all households. The Chairman of the Electricity Regulation Commission Dr. Ramprasad Dhital emphasized. Mohan Kumar Dangi, Senior Vice President of Independent Energy Producers' Association, Ippan Nepal, said that policies such as stopping PPAs by the authority and not extending the RCOD period will affect the government's goals.
