Nepal earned a profit of more than Rs 15 billion in six months by selling electricity to India. Loktej World News

Nepal earned a profit of more than Rs 15 billion in six months by selling electricity to India.  Loktej World News

Nepal, 28 February (Hindustan Reporter). Nepal Electricity Authority has made a profit of more than Rs 15 billion in the last six months by selling electricity in India. This profit is Rs 5 billion more than the same period last year.

Data made public today by Nepal Electricity Authority shows that the total profit of the authority in the last financial year was Rs 12 billion, whereas in the first half of this financial year itself, the profit has crossed the figure of Rs 15 billion. There was a profit of about Rs 10 billion in the first half of the last financial year. In this way, this time the authority has made a profit of Rs 5 billion more in the first half itself.

Making the figures of the authority public, Executive Director Kulman Ghisingh said that the authority has earned this profit by selling electricity to India on behalf of government and private companies. Ghisingh said that due to India’s new energy policy, most of the private power companies of Nepal have got the facility to sell electricity in real time, due to which the profit of the authority has increased. He also said that Nepal’s power generating companies have the facility to sell power in India on day-ahead (ie, one day in advance) and real-time (ie, at one-hour notice).

According to the data made public by the authority, a total turnover of Rs 45 billion 49 crore was done in the first half. In this, only Rs 30 billion 48 crore electricity has been sold in India. According to Ghisingh, this profit will help the authority to start new projects.

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This news article has been translated from the original language to English by WorldsNewsNow.com.

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