Auditor General's Office Demands Recovery of Rs 26 Billion in Electricity Arrears from Industries
Summary
The Auditor General's Office has demanded the recovery of Rs 26 billion in electricity arrears from industries, highlighting significant losses and irregularities in Nepal Electricity Authority's operations.
Key Points
- The Auditor General's Office has instructed recovery of Rs 26 billion in electricity arrears from industries using dedicated feeders and trunk lines.
- Electricity tariff arrears have increased to Rs 52 billion, with 50% owed by 59 industries, including major companies like Jagdamba Steel Ltd.
- Kathmandu Metropolitan City owes Rs 1.99 billion in street light arrears, contributing to Rs 7 billion total arrears for street lights.
- Nepal Electricity Authority invested Rs 56 billion in subsidiaries without government approval and suffered losses due to substandard transformer purchases and import costs.
