The surplus electricity in Nepal will be supplied to the international market: Kulman Ghising

    Kathmandu – Nepal Electricity Authority (NEA) Executive Director Kulman Ghising has said that automated system will be used in monitoring, control and management of the system from power generation to distribution.

    Speaking at a program organized on the occasion of the 36th anniversary of NEA on Tuesday, Executive Director Ghising said that excellent service would be provided to the customers by reducing the operating cost through automated system.

    Stating that the distribution system needs to be expanded and strengthened along with the increase in demand and consumption of electricity, Ghising informed that such works would also be taken forward with priority.

    “Market management is challenging to sell electricity generated from projects including the Upper Tamakoshi Hydropower Project. Necessary arrangements will be made to consume the produced electricity in the country and sell the surplus electricity in the domestic market,” he said. Not only this, it has a positive impact on the economic and social development of the country. Will be done. ‘

    Executive Director Ghising expressed his commitment to focus all his efforts on building a strong and empowered authority with the goal of providing excellent service to the consumers while maintaining good corporate governance, transparency and accountability .

    Krishna Acharya, chairman of the Independent Power Producers’ Association of Nepal (IPPAN), suggested speeding up the construction of transmission lines to implement a comprehensive program to increase electricity consumption.

    NEA’s operational achievement, 90 percent of the population has access to the grid

    As in the past, the number of consumers consuming electricity has also increased in the last year. Compared to the previous fiscal year, the number of customers has increased by 7.37 percent from 4.22 million to 4.53 million last year. The total number of consumers consuming electricity, including 550,000 customers from community organizations, has reached 580,000.

    Overall, 90 percent of the country’s population still has access to basic grid-based electricity. NEA has succeeded in substantially electrifying 32 districts in the fiscal year 2077/07 despite the Corona epidemic. Electricity has also been supplied to Kalikot and Jumla in Karnali from the national transmission system.

    NEA’s production decreased, imports from India increased

    In FY 2077/07, a total of 2.81 billion units of electricity was generated from NEA’s hydropower plants. This is a decrease of 6.96 percent compared to 3.2 billion units in FY 2076/07. In the fiscal year 2076/07, 2.99 billion units of electricity was received from private sector power houses, an increase of 8.36 percent to 3.24 billion units in the previous fiscal year.

    Similarly, 1.73 billion units of electricity was procured from India in FY 2076/07, an increase of 63.45 percent or 2.82 billion units of electricity in the last Fiscal Year due to increase in demand for energy and decrease in production of NEA. In the last fiscal year, 8 billion 870 million units of electricity was made available in the system. This is 14.68 percent more than 7.74 billion units in FY 2076/07.

    Out of the total available energy, the contribution of NEA’s power house was 31.66 percent while the contribution of imported and purchased electricity from private sector was 31.83 percent and 36.51 percent respectively. The total electricity consumption in FY 2077/07 is 7.31 billion units. This is increasing by 12 percent as compared to 6.52 billion units in FY 2076/07.

    Electricity leakage increased

    Electricity leakage has been 17.18 percent in FY 2077/07. This is an increase of 1.91 percent compared to FY 2076/07. The leakage has increased due to the increase in power consumption, inability to conduct leakage control program significantly due to COVID-19 and regular meter reading.

    Profits declined

    A total of Rs. 71.28 billion has been earned from the sale of electricity in FY 2077/07. This is 6.59 percent less than Rs. 76.31 billion in FY 2076/07.

    In FY 2077/07, NEA’s operating expenditure increased by 10.96 percent to Rs. 68.45 billion as compared to Rs. 61.87 billion in the previous fiscal year. 41.46 billion has been spent for the purchase of electricity in FY 2077/07. Procurement of FY 2076/07 is 18.05 percent more than Rs. 35.12 billion.

    In the fiscal year 2077/07, NEA’s net income including other income was Rs. 80.35 billion while operating profit was Rs. 11.71 billion after deducting Rs. 68.64 billion. This operating profit decreased by 50.67 percent compared to Rs. 23.74 billion in FY 2076/07.

    The profit before the last fiscal year was Rs 6 billion. This is a decrease of 54.73 percent compared to Rs. 13.27 billion in FY 2076/07. Also, the net profit after tax for the fiscal year 2076/07 was Rs. 11.68 billion, which is a decrease of Rs. 3.51 billion or 69.94 percent in the previous fiscal year.

    The share of purchase in the electricity available in the system is 68.34 percent. 58.83 percent of the income earned from the sale of electricity has been spent on electricity purchase. Expenditure on purchase of electricity has increased by 18.05 percent in F.Y 2077/07 as NEA’s production decreased and electricity import increased compared to F.Y 2076/07.

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