NEA Secures Rs. 10 Billion Loan Amid Expansion Plans; MD Shakya Highlights 100-Day Achievements

The Nepal Electricity Authority (NEA) has received the Ministry of Finance's approval to obtain a short-term loan of Rs. 10 billion to manage its liquidity and meet current liabilities. Managing Director Hitendra Dev Shakya made the announcement while presenting the NEA's 100-day progress report on Tuesday since assuming office.

In addition to the short-term loan, the NEA is working to issue a Rs. 20 billion bond aimed at expanding production, transmission, and distribution infrastructure. MD Shakya also shared updates on major projects including the completion of pre-feasibility studies for the Kulekhani Sisneri (100 MW) and Hulingtar-Dumkim (494 MW) pump storage projects, while license applications for feasibility studies have already been submitted. Work has also progressed on battery storage systems and licensing for the Uttarganga and Upper Arun hydropower projects.

Highlighting transmission network developments, Shakya said that 104 circuit km of transmission lines and 586.5 MVA of substation capacity have been added, taking the totals to 6,769 circuit km and 14,349.5 MVA. NEA has also been exporting 40 MW of electricity to Bangladesh and around 625 MW daily to India. Meanwhile, efforts continue to achieve Nepal’s 2035 target of 28,500 MW installed capacity, with PPAs initiated for over 4,966 MW and 170 MW of solar agreements signed under the Energy Mix program.