Power authority´s loss below Rs 1bn
(WorldNews Business)

Kathmandu, August 17 Nepal Electricity Authority (NEA) was able to significantly reduce its loss in the last fiscal to Rs 978 million as compared to Rs 8.89 billion in the previous fiscal through increase in retail tariff, higher energy availability in the system and leakage control. NEA has achieved encouraging growth in total revenue from the sales of electricity amounting to Rs 46.14 billion in the last fiscal, which is 45 per cent higher compared to the sales of...