CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

NEA spent Rs 48 billion to upgrade infrastructure

CEO Tab by CEO Tab
August 13, 2023
in Prime News
0
Nepal Electricity Regulatory Commission (NERC)
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The Nepal Electricity Authority (NEA) said it spent about Rs 48 billion in the past two years on infrastructure related to distribution and maintenance of electricity supply.

You might also like

Delays Push National Pride Projects’ Costs Up by Over 113 Percent

Birgunj Customs Imports Rise 15% to Rs 794.87 Billion in 10 Months

Nepal Officially Defers Graduation from Least Developed Country Status

The state-owned power utility has been reeling under the pressure to manage necessary funds to upgrade its supply system at a time when the distribution of electricity has been poor, mainly due to outdated infrastructure. With the problem in its place, the consumers have been facing frequent problems of tripping, industries have been undergoing undeclared load shedding and the produced electricity is going into wastage.

Kulman Ghising, managing director of the NEA, said the aforementioned amount was utilized in construction, maintenance and upgrading of electrical infrastructure during the fiscal years 2021/22 and 2022/23. According to him the amount was spent on transmission mechanisms that include construction, maintenance and upgradation of distribution lines and substations.

NEA has estimated that Nepal needs an investment of Rs 800 billion for the improvement in electricity supply across the country. Ghising, in a number of public programs, has been reiterating that Nepal will face massive problems in electricity supply if the government does not take the initiative to invest in expansion of transmission lines on time.

In order to cope with the increasing electricity demand with the increase in population density, the authority has set a deadline of 2050 and advanced the process of construction of transmission and distribution infrastructure in the major areas of the valley in a phased manner.

The NEA said it has taken forward the improvement and strengthening of the infrastructure of the system to address consumers’ grievances. The construction of 400 kV, 220 kV and 132 kV transmission lines and substations are in progress at different phases, in line with meeting the projected demand for electricity in 11 major cities of the country including Kathmandu Valley by 2050.

As of now, 5,742 km of circuit lines and 8,867 MVA substations are in operation. In the past two years, 17 substations with 2500 MVA capacity have come into operation. A total of 54 substations are under construction.

During the period, the NEA distributed more than 40,000 units of reading meters free of cost to the poor families. In addition, the authority has set up call centers in every province to address customers’ complaints.

The records with the NEA show about 95 percent of households now have access to electricity. Out of these, all the people in Madhes, Bagmati and Gandaki provinces have full access to electricity. Koshi Province has 95 percent electrification, Lumbini Province has 98 percent electrification, Karnali Province has 67 percent electrification and Sudurpashchim Province has achieved 82 percent electrification.    

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Delays Push National Pride Projects’ Costs Up by Over 113 Percent

by CEO Tab
May 25, 2026
0

The cost of several national pride projects has surged dramatically due to prolonged delays and slow construction progress, with expenses expected to rise by as much as 113...

Read more

Birgunj Customs Imports Rise 15% to Rs 794.87 Billion in 10 Months

by CEO Tab
May 24, 2026
0
Exports of Nepali goods double in four months

Goods worth Rs 794.87 billion were imported through the Birgunj Customs Office during the first 10 months of the current fiscal year. Imports through the checkpoint increased by...

Read more

Nepal Officially Defers Graduation from Least Developed Country Status

by CEO Tab
May 24, 2026
0
Nepal Officially Defers Graduation from Least Developed Country Status

Nepal has officially informed the United Nations about its decision to defer the process of graduating from the status of a Least Developed Country (LDC). Speaking at a...

Read more

NEPSE Gains 26.55 Points, Offering Relief to Investors After Previous Decline

by CEO Tab
May 24, 2026
0
10 firms keen to receive stockbrokers licenses

The Nepal Stock Exchange (NEPSE) gained 26.55 points (0.97 percent) last week, providing a measure of optimism to investors following the continuous decline seen in the previous week....

Read more

Nepal’s Imports Reach Rs 1.6 Trillion; Diesel and Soybean Oil Lead the List

by CEO Tab
May 24, 2026
0
Tanker drivers resume fuel transportation

Nepal imported goods worth around Rs 1.6 trillion during the first 10 months of the current fiscal year, with diesel and crude soybean oil emerging as the country’s...

Read more
Next Post
TIA to operate international flights 24 hours from May 29

2.5 million travelers used TIA in the last 7 months

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.