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Nepal Electricity Authority (NEA) has reported a profit exceeding Rs 11 billion in the first nine months of the current fiscal year, 2080-81 BS (2024-25).

During this period, NEA achieved a profit of Rs 11 billion 60 million.

NEA's financial details (unprocessed) data until the month of Chait (mid-April) show that the organization earned a total revenue of Rs 93 billion 940 million during the given period. The figure doesn't include the tax.

According to proactive disclosures, NEA's total expenditures, including electricity purchases, administrative costs, and project investments, amounted to Rs 82 billion 880 million.

In the corresponding period of the last fiscal year, the NEA's profit amounted to Rs 8 billion 880 million, with a total annual profit of Rs 13 billion 370 million.

The accumulated profit of the NEA has reached Rs 33 billion 64 million.

The NEA has been earning profit since the fiscal year 2072-73 BS (2015-16). Before this, it was incurring an annual loss of Rs 8 billion 890 million. 

The NEA said that control of electricity leakage, increasing domestic consumption and imports to India, and austerity in expenditures are among the factors leading to the profit for the organization.

Netting Rs 68 billion 890 million from power supplies, NEA also exported surplus power from domestic consumption to India, with a value of Rs 13 billion 420 million in this period.

A Nepal Army soldier murdered his wife in Tulsipur, Dang.

Shalikram Budhathoki (36) of Lungri Tole, Tulsipur Sub-Metropolitan City-6 murdered his wife Tika Budhathoki (27) by attacking with a khukuri on Friday.

Police said that they are searching for Shalikram who had fled with the khukuri after murdering his wife Tika at around 8:15 am.

Inspector Prakash Thapa of the Area Police Office, Tulsipur said that police are searching for Shalikram who had fled with khukuri after allegedly murdering his wife Tika at 8:15 am.

Further investigation into the incident is underway, said police.

To mark the centenary of the 1924 Everest Expedition, the British Embassy  invited Nepali and international friends to highlight the early contribution to links between Nepal and the UK in the spheres of tourism and mountaineering.

A photo exhibition about the 1924 Everest Expedition was mounted at the Embassy on Tuesday.

Entitled The Fight for Everest 1924, it was first displayed at the Kathmandu International Mountain Film Festival (KIMFF) last week, linked to screening of the documentary Everest Revisited (www.mef.org.uk/news/mef-to-premiere-new-film-on-1924-everest-expedition). The collection will now move to Pokhara for permanent display at the International Mountain Museum (IMM).

Speaking at the Embassy event on Tuesday, Ambassador Rob Fenn commented that, although the 1924 expedition had not come to Kathmandu, Nepalis played an important role in it and “have continued to be pivotal in Everest attempts since.” He added that “Britons are besotted with raw courage”. “It’s what has been drawing us to Nepal and to Nepalis for more than two hundred years”.

Ambassador Fenn shared news announced in the UK in December, that Nepalis are now eligible to apply for expedition funding from the UK-based Mount Everest Foundation (www.mef.org.uk/news/mef-opens-grants-to-nepali-applicants), reads a statement issued by the British Embassy.

Since its inception in 1955, the MEF has provided funds to over 2,000 expeditions in remote locations and to scientists researching high-altitude medicine, glaciology and climate change.

John Porter, Director and Producer of “Everest Revisited” and MEF’s Honorary Secretary said “It is an honor to represent the Chair of the Mount Everest Foundation, Rebecca Stephens, the first British woman to climb Everest, at this reciprocation of the event hosted by His Excellency Gyan Chandra Acharya at the Embassy of Nepal in London on the International Day of the Mountains last December”.

Porter was also representing the Alpine Club, as associate curator of the exhibition.  “Alpine Club member, Ian Wall, created this superb exhibition with the financial support of the Nepal Mountaineering Association.  I am looking forward to seeing it reach its permanent home in Pokhara on 8 June. One hundred years on from the 1924 Exhibition, The Royal Geographical Society and Alpine Club are delighted they have been able to work together on this exhibition as they did on the expeditions in the 1920s”.

The change in funding criteria helps mark the next chapter of the Britain-Nepal mountaineering story. Ambassador Fenn and guests from the Nepali and international tourism, trekking, and climbing sectors congratulated MEF for making this change.

There is a partial influence of local and westerly wind along with a low pressure area expanded from Uttar Pradesh of India to Eastern Bangladesh in the country, the Department of Hydrology and Meteorology said.

According to the Meteorological Forecasting Division, the weather will be partly to generally cloudy throughout the country at present with light to moderate rain with thunder and lightning at some places of Koshi and Bagmati Provinces and one or two places of other provinces.

The weather will be partly to generally cloudy in the hilly region and fair in the rest of the country this afternoon. Light to moderate rain with thunder and lightning is likely to occur at a few places of Koshi, Madhes, Bagmati and Gandaki Provinces and at one or two places of the rest of the country.

According to a weather bulletin issued by the Department this morning, there is a possibility of a storm in one or two places of Sudurpaschim, Karnali, Lumbini and Koshi Provinces. There are chances of light snowfall at one or two places of the high hilly and mountainous regions of the country. Similarly, the weather will be partly to generally cloudy in the hilly regions of the country, including Koshi, Bagmati and Gandaki Provinces tonight. Light to moderate rain with thunder and lightning is likely to occur at some places of Koshi, Bagmati and Gandaki provinces.

Light to moderate rain accompanied by thunder and lightning is likely to occur at a few places of Koshi, Madhes, Bagmati and Gandaki Provinces and at one or two places of the rest of the country in the next 24 hours.

Stating that there are chances of thunderstorms at one or two places of Sudurpaschim, Karnali, Lumbini and Koshi Provinces, the Department has urged the people to remain alert.

Kathmandu Valley will receive normal rainfall this afternoon. According to the Department, the temperature will remain between 29 and 31 degrees Celsius this afternoon.