Nepal Electricity Authority Profit Decreases in FY 2082/83
Summary
Nepal Electricity Authority’s net profit fell to Rs 5.04 billion in FY 2082/83, even as electricity sales and exports rose sharply. Officials blamed the decline on foreign exchange losses, higher financial expenses, and growing liabilities.
Key Points
- Nepal Electricity Authority’s net profit fell by Rs 3.87 billion year-on-year to Rs 5.04 billion in FY 2082/83.
- Acting Executive Director Dirghayu Kumar Shrestha said higher foreign exchange rates, interest expenses, depreciation, and impairment losses reduced profit.
- Despite the profit drop, the authority reported stronger electricity sales, rising operating profit, and major growth in exports to India.
- Energy Minister Biraj Bhakta Shrestha and regulators called for better demand management, stronger distribution, and more private-sector participation.
