Nepal, July 10 -- The Nepal Electricity Authority (NEA), whose former Managing Director, Kulman Ghising, had claimed it was in profit, is preparing to take a loan of Rs 30 billion, citing a cash flow crisis.

According to the NEA's MD, Hitendra Dev Shakya, bonds worth Rs 20 billion are being issued for the expansion of production, transmission, and distribution systems, as well as the upgrade of existing infrastructure and to take a short-term loan of Rs 10 billion to address the immediate cash crisis.

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"Approval has already been obtained from the Ministry of Finance to issue the bonds," said MD Shakya.

The NEA is seeking a short-term loan of Rs 10 billion to address the i...