HELLO NEPAL

Nepal Electricity Authority in deep trouble While most of the state-owned enterprises are struggling to sustain themselves, there was positive news from the Nepal Electricity Authority (NEA). The state-owned power utility has maintained steady profit for eight consecutive years, significantly reducing leakage to 12.73%. It has stated that it limited electricity theft and technical losses to approximately 12.73 percent in the last fiscal years. However, barely eight years ago, the NEA faced a leakage rate of 25.78 percent. The success of NEA should serve lessons to all other state enterprises to ensure that they not only serve the people, but also stand as a commercially viable entity. The success of NEA is largely attributed to its Managing Director Kulman Ghising, who not only helped end the prolonged load-shedding crisis in the country, but also transformed NEA as an organization, paving the path to even start exporting Nepal’s surplus electricity to India and Bangladesh. One key l...