Nepal
Electricity Authority (NEA) has increased the power cut hours effective from
Sunday.
A consumer
will have to face 12 hr power cut a day Sunday onwards.
The extra hour of mandatory power cut imposed by the authority is going to be increased four hours weekly to 84 hours from the current 80 hours further worsening the industrial climate.
The extra hour of mandatory power cut imposed by the authority is going to be increased four hours weekly to 84 hours from the current 80 hours further worsening the industrial climate.
Increased demand
versus supply also due to reduction of water level in the rivers with the onset
of winter has been key reasons behind the new schedule.
Rise in
power cut hours will not only increase import of diesel and petrol but also
fuel inflation due to increased operational cost of the industries.
Petroleum
product is the largest import of the country that imports around 25 per cent
fuel out of its total imports.
The
increased cost will also make domestic products uncompetitive.
According to
the central bank recent data, the industries have been operating at only 57 of
their capacity due to lack of electricity and increasing dependency of he
imported fossil fuel
Despite having huge economically
viable hydropower potential, the current production stands at 1200MW only
making some 700MW power deficit.
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