June 7: The Nepal Electricity Authority (NEA) has reported a profit exceeding Rs 11 billion in the first nine months of the current fiscal year, 2080-81 BS (2024-25). Specifically, during this period, NEA achieved a profit of Rs 11.06 billion.

NEA's financial details (unprocessed) data until the month of Chait (mid-April) show that the organization earned a total revenue of Rs 93.94 billion during this period. This figure does not include tax.

According to proactive disclosures, NEA's total expenditures, including electricity purchases, administrative costs, and project investments, amounted to Rs 82.88 billion.

In the corresponding period of the last fiscal year, NEA's profit was Rs 8.88 billion, with a total annual profit of Rs 13.37 billion. The accumulated profit of the NEA has now reached Rs 33.64 billion.

The NEA has been earning a profit since the fiscal year 2072-73 BS (2015-16). Prior to this, it was incurring an annual loss of Rs 8.89 billion.

NEA attributes its recent profits to the control of electricity leakage, increased domestic consumption, exports to India, and austerity measures in expenditures. From power supplies, NEA netted Rs 68.89 billion, and it also exported surplus power to India, earning Rs 13.42 billion during this period. (RSS)