Section 24, The National Power Authority Act, 1982

(1) The revenue of the Authority for any financial year of the Authority shall be applied in defraying the following— (a) the remuneration, fees and allowances of the members of the Authority; (b) the salaries, fees, remuneration, pensions, superannuation allowances and gratuities of the officers, agents, and servants and technical and other advisers of the Authority; (c) operating expenses and expenditure on, or provision for, the maintenance of any of the installations of the Authority, and the discharge of the functions of the Authority properly chargeable to revenue account; (d) the dividends or interest on any stock issued and on any loan raised by the Authority; (e) repayment of the principal of sums borrowed and sums required to be transferred to a sinking fund or otherwise set aside for the purpose of making provision for the redemption of stock or the repayment of other borrowed moneys; (f) such sums as it may be deemed appropriate to set aside in respect of depreciation of the property of the Authority; (g) any other expenditure authorised by the Authority and properly chargeable to revenue account. (2) The balance of the revenue of the Authority shall be applied to the creation of general or specific reserve funds to be used, for maintaining and improving the financial soundness of the Authority and for financing further developments. [Margin: [illegible]nt]