energyNP.com  
Tel
98510-91900 
Email
energyNP@hotmail.com 
Menu

 
 
News  
Back to energy news list >>>
 

 
 
 Air Conditioner
 Battery
 Booster Pump
 Charger
 Cold Storage Room
 Electric Power Tools
 Electric Water Heater
 Garbage Disposal
 Station
 Generator
 Heat Pump
 Inverter
 Power Supply
 Rectifiers
 Self Priming Pump
 Solar Energy
 Solar Water Heater
 Transformer
 UPS
 Voltage Stabilizer
 Wind Energy
 
  NEA’s net profit declined 70 pc to Rs 3.51 billion last fiscal year

KATHMANDU: Nepal Electricity Authority (NEA)’s net profit in fiscal year 2020/21 stood at Rs 3.51 billion, a straight fall from Rs 11.68 billion in the previous year.

Presenting NEA’s financial report at a function organized to mark the 36th anniversary of the state-owned power utility on Tuesday, NEA Managing Director Kulman Ghising said the authority spent Rs 41.46 billion to purchase electricity last year. The amount was 18.05 percent more than the spending on the heading in 2019/20. According to Ghising, the rise in this expenditure was due to an increased import of electricity from India.

NEA’s financial report shows that the authority earned an operating profit of Rs 11.71 billion in the last fiscal year, which was 50.67 percent less than that of Rs 23.74 billion earned in the previous fiscal year.

In August 2020, the KP Oli-led government refused to extend the tenure of the then NEA chief Ghising, who was popular for taking NEA to a massive reform and completely ending over a decade-long loadshedding in the country. Ghising had been attributed for taking the organisation that had been reeling under heavy financial loss to earnings of over Rs 11 billion in profit just in a span of a few years.

The government had cleared NEA’s loss amounting to Rs 27 billion as of the fiscal year 2010/11. The authority’s loss in 2015/16 stood at Rs 8.89 billion.

Showing the cause of heavy decline in NEA’s profit, the Sher Bahadur Deuba-led government last week removed NEA’s chief Hitendra Dev Shakya from his position and reappointed Ghising to the position. In response, Shakya on Monday filed a writ petition at the Supreme Court demanding his reinstatement as the Managing Director of the state-owned power utility.

[17 August, 2021 / nagariknetwork.com]   
 
 
Voltage Stabilizer Nepal Kathmandu
 
UPS Nepal Kathmandu
 
Lithium iron battery LiFePO4 Battery Nepal Kathmandu
 
Inverter Hybrid On-grid Off-Grid Energy Storage Solar Inverter Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
GREE Air Conditioner Residential Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
Gree Air Purifier Kills Novel Coronavirus Nepal Kathmandu
 
Battery Charger Nepal Kathmandu
 
Complete Power Solution
 
 
 
 
Solar Water Heater Nepal Kathmandu Solar Energy Nepal Kathmandu Wind Power Nepal Kathmandu Power Generator Nepal Kathmandu Voltage Stabilizer Nepal Kathmandu Transformer Nepal Kathmandu AirConditioner Nepal Kathmandu Battery Nepal Kathmandu UPS System Nepal Kathmandu Rectifier Nepal Kathmandu
 
 
Link: The Official Portal of Goverment of Nepal Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow Nepal! Nepal Global Buying SIMONES Industries|Nepal Power Solution
  Nepal Goverment Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow-Nepal | Nepal Global Buying SIMONES Industries |Nepal Power Solution
 
Fair: Investment Summit Nepal Himalayan Hydro Expo Nepal Kathmandu China International Import Expo China Import and Export Fair China-South Asia Exposition Guangzhou Int’l Refrigeration, Air-Condition, Ventilation, Air-Improving Equipment Exhibition Guangzhou International Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
  Investment Summit Nepal Himalayan Hydro Expo Nepal China International Import Expo China Import and Export Fair China-South Asia Exposition Int'l Refrigeration, Air-Condition Fair Int'l Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
 
Copyright @ 2014 All right reserved. Simones Industries