The Nepal Electricity Authority (NEA) has been able to reduce its losses significantly by Rs 7 billion in the last fiscal year (2073/074 BS) and its loss now stands at Rs 970 million only.
The NEA, that had been suffering loss since 2002, could reduce its losses by controlling power leakage, reforms in management and hiking the tariff among others.
At a programme organized today on its 32nd anniversary, NEA Executive Director Kulman Ghising said, the construction of a 4000 KV north- south river basin-based transmission line would be started. Likewise, construction of an east-west 400 KV transmission is in the top priority of the NEA.
The World Bank, Asian Development Bank, European Bank and the US-based Millennium Challenge Corporation are to assist the construction of transmission lines of high capacity.
Addressing the event, Minister for Energy Mahendra Bahadur Shahi said action would be taken against NEA employees for failure to improve their performance and skills.
He directed an end to unethical conducts of the trade unions and political parties.
Trade unions crossing their set boundaries would also be booked," he said.