Electricity Authority 47 billion in profit

Recently, he claims that the allegations that the electricity authority has shown profit on paper by adding the tariffs of dedicated and trunk line electricity are not true. He said that it has led to accumulated profit. He claimed that the profit of 47 billion was not due to the dedicated and trunk line bills.

He informed that some part of the tariff bill of dedicated and trunkline electricity is 47 billion profit from the audit conducted by the Auditor General's office.

He said, "In the financial year 2072/073, the authority which had a net loss of 8 billion 89 million rupees in one year, did not have to look back at those days in the following three years". The glorious profit history of the Authority started by making a net profit of 1.5 billion rupees in the financial year 2073/074 has reached 13.31 billion rupees in the last financial year. Eight years ago, the authority, which had accumulated losses of 34 billion 61 million rupees, has now reached an accumulated profit of 46 billion 41 million rupees. But lately in many places the profit of electricity authority is a paper profit . Electricity Authority to show profit It is said that the profit was shown by paying off the tariff of dedicated and trunk line electricity . In the past 8 years, the electricity authority has reduced or made up the accumulated loss of 35 billion to 47 billion accumulated profit, and a profit of about 82 billion has been seen. The profit of 82 billion is not just that. That profit Not due to dedicated and trunk line bills .'

He claimed that the authority has achieved great success in making profits by improving institutional governance to reduce technical and non-technical electricity leakage, increase access to maximum customers, reduce financial expenses, increase revenue, expand transmission and distribution lines and substations.

He said that three years ago, the electrification status was only about 58 percent, but within three years, it has increased to 99 percent . He said that now 59 lakh 35 thousand customers have been reached. He said that the authority has identified the critical settlements and proceeded with the rest of the electrification work.

Executive Director Ghising said that now the country is in a position to announce full electrification soon. He said that there is a big investment from the authority's own resources for electrification. Free meters have also been distributed to provide electricity to poor families including squatter settlements and Chepang, Musahar, he said.