NEA Annual Report FY 2025/26
NEA's official FY 2025/26 (2082/83) snapshot: 4,120 MW installed, net exports of 2,794 GWh, and a monthly energy balance that still reverses from export in the monsoon to import in the dry season.
- Page status
- Verified core
- Updated
- 2026-11-04
- Last reviewed
- 2026-11-04
- Review due
- 2027-02-04
Summary
A Year in Review, Fiscal Year 2025/2026 is the Nepal Electricity Authority's annual report for the year ending mid-July 2026 (Ashadh 2083). NEA published it on 18 August 2026. It supersedes NEA Annual Report FY 2024/25 as the latest official system-wide snapshot. Page numbers below are PDF pages, with printed page numbers in brackets.
Key Data Points
| Item | FY 2025/26 | Location |
|---|---|---|
| Installed generation capacity | 4,120 MW, including 529 MW commissioned in the year | PDF p.11 (printed p.1) |
| System peak demand | 3,226 MW, on 6 July 2026 | PDF pp.11, 13 |
| National peak demand | 2,479 MW, on 28 June 2026 | PDF pp.11, 13 |
| Energy available | 18,624 GWh: NEA and subsidiaries 36%, IPPs 58%, imports 6% | PDF p.13 (printed p.3) |
| Domestic consumption incl. NEA own use | 12,376 GWh (+9%); domestic consumers 42%, industry 36% | PDF p.13 |
| Exports to India | 3,965 GWh (+66.6%); NRs 29.31 billion | PDF pp.13–14 |
| Imports | 1,171 GWh; NRs 10.56 billion | PDF p.14 |
| Net export | 2,794 GWh | PDF pp.11, 13 |
| System losses | 12.16% (12.26% in FY 2024/25) | PDF p.11 |
| Per-capita consumption | 496 kWh (465 kWh in FY 2024/25) | PDF p.13 |
| Consumers | 5.927 million (+3.85%) | PDF p.12 |
| National grid coverage | 97.6%; 18 local levels unconnected | PDF p.13 |
| Pre-tax profit | NRs 5.04 billion, after NRs 11.5 billion foreign-exchange losses | PDF pp.12–13 |
| Cross-border transfer | Exports up to 1,200 MW and imports around 750 MW | PDF p.14 |
| Transmission network | 7,110 circuit-km; 15,541 MVA substation capacity | PDF p.14 |
Monthly Energy Balance (GWh)
The energy-balance table (PDF p.176, printed p.166) shows the seasonal reversal persisting in a net-export year.
| Month | Domestic generation | Import | Export | National demand |
|---|---|---|---|---|
| Shrawan | 1,963 | 3 | 534 | 1,432 |
| Bhadra | 1,991 | 1 | 587 | 1,405 |
| Ashwin | 1,966 | 1 | 708 | 1,260 |
| Kartik | 1,716 | 0 | 660 | 1,056 |
| Mangshir | 1,402 | 1 | 341 | 1,065 |
| Poush | 1,125 | 124 | 40 | 1,221 |
| Magh | 864 | 252 | 1 | 1,125 |
| Falgun | 801 | 273 | 13 | 1,067 |
| Chaitra | 917 | 264 | 21 | 1,163 |
| Baishakh | 1,281 | 128 | 140 | 1,273 |
| Jestha | 1,688 | 81 | 312 | 1,465 |
| Ashadh | 2,161 | 27 | 582 | 1,608 |
| Total | 17,877 | 1,155 | 3,938 | 15,140 |
Domestic generation sums the table's IPP, NEA subsidiary, NEA RoR and PRoR, storage, solar and thermal rows. The annual total uses NEA's row totals (17,877 GWh); the monthly cells sum to 17,875 GWh because of rounding in the table. Storage plants generated 92 GWh in the year, and solar 33 GWh.
Project and Grid Status Stated in the Report
- Tanahu (140 MW): about 78% complete across three construction packages (PDF pp.13, 16).
- Hetauda–Dhalkebar 400 kV: the decade-long construction dispute "has finally been resolved", with completion expected "in few months" (PDF pp.13–14). See Hetauda–Dhalkebar–Inaruwa 400 kV Backbone for later status.
- Commissioned in FY 2025/26: Madhya Bhotekoshi (102 MW); Khimti–Barhabise 400 kV; Markichowk–Bharatpur 220 kV; Kohalpur–Surkhet 132 kV (PDF p.13).
- Dudhkoshi Storage (670 MW): detailed design and safeguard studies advancing with ADB support; land acquisition and access-road works under way (PDF p.15).
- Cross-border lines: Dhalkebar–Sitamarhi 400 kV and Butwal–Gorakhpur 400 kV nearing completion. The July 2026 Joint Steering Committee approved interim 220 kV operation of Butwal–Gorakhpur and a combined Dhalkebar–Muzaffarpur/Sitamarhi limit of 1,650 MW export and 1,400 MW import (PDF p.14).
- Curtailment: NEA names minimising generation curtailment as a challenge but publishes no curtailment volume (PDF p.12).
Relevance to Project
This is the primary source for the current system baseline in State of Nepal's Electricity System and the seasonal pattern in Seasonal Mismatch. FY 2025/26 matters because Nepal was a large net exporter for the year, yet still imported 273 GWh in Falgun while exporting 13 GWh. Annual surplus did not remove the dry-season deficit.
Limitations
- The summary and the energy-balance table use different trade totals; do not mix them in one calculation.
- "Energy available" (18,624 GWh) and "monthly system energy demand" (19,078 GWh) are different aggregates.
- Installed capacity is a nameplate figure; it says nothing about dependable dry-season output.
- Profit and loss figures are pre-audit statements in the managing director's report.
What This Source Does Not Cover
- Plant-level dispatch, availability declarations or curtailment volumes.
- Events after mid-July 2026, including the August 2026 Bhotekoshi–Trishuli Flood 2026.
- Hydraulic type (RoR, PRoR, storage) for every private plant.