The Non-Resident Nepali Association (NRNA) has pledged its support to the Nepal Electricity Authority’s (NEA) ‘Ujyalo Nepal Abhiyan’ (Brighter Nepal Campaign).

Bhaban Bhatta, the newly elected President of NRNA, said that the association will provide 10 million LED bulbs costing around Rs 1 billion in different phases over a two-year period. The power-efficient LED bulbs will contribute 200 megawatts to the country’s power system.

In his statement, Bhatta said “NEA has been struggling to end load-shedding across the country and the current leadership of the NEA has presented some commendable results, which is very encouraging for us. We would like to support Kulman Ghising’s initiative to make the country load-shedding free by providing 10 million LED bulbs within the next two years.”

NEA said that they are yet to receive NRNA’s formal commitment.

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The state-owned power corporation Nepal Electricity Authority (NEA), which posted a net loss of Rs 8 billion in the fiscal year 2015-16, has been able to significantly reduce its losses in the succeeding year by increasing the power tariff and controlling power leakage.

The net loss of Rs 970 million, which represents a drop of 88 percent, was also achieved partly due to the increase of Rs 8 billion in the revenue over the Rs 34 billion posted in the previous fiscal year.

The Managing Director of the NEA, Kulman Ghising led a relentless drive to control energy leakage which resulted in savings of at least Rs 2 billion. According to Ghising, the weighted average tariff rate which increased by 9 percent contributed an additional Rs 5 billion to the NEA cash flow.

Reduction in the administrative expenses and imports of high-priced energy have also contributed to the NEA’s improved financial performance.

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