NEA issues SOS calling for tariff hike 

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Aug. 20, 2010, 5:45 p.m. Published in Magazine Issue: Vol.:4 No.-06 August 20- September 02,2010(Bhadra-04,2067)
Stating that its accumulated losses have soared, the Nepal Electricity Authority (NEA) has proposed to Electricity Tariff Fixation Commission (ETFC) to hike its tariff by 30 percent. “Otherwise, the NEA will become bankrupt,” said its managing director Jibendra Jha. The NEA has said that its loss in the last one year was 23 percent more than the amount it incurred in the previous year. The annual loss of NEA is said to be around Rs 6 billion. Its accumulated loss has reached Rs 19.5 billion.
 

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