Industrial capacity increases due to significant cut in power outage


A significant cut in power outage in the country had led to the increase in industrial capacity by 9.1 percent.

According to the Economic Activities Study Report 2073/74 BS unveiled by the Nepal Rastra Bank (NRB) recently, capacity of industries in the fiscal year 2073-74 BS went up by 9.1 percent compared to the previous fiscal year  (2072-73 BS) and reached 57.3 per cent.

Pashmina industries were able to use 98.5 per cent capacity in this period while beverage industries utilized 82.1 percent, noodle factories 79.1 and tea processing industries became able to use 78.6 per cent capacity.

As the report states, rice mills (28.8 per cent), sugar mills (31.2 per cent) and brick industries (35.7 per cent) used the capacity to the lowest level.

The Nepal Electricity Authority (NEA) currently ensures 24-hour power supply for household purposes while a power outage for industrial corridor last year was four hours a day and this year, this has been reduced by one hour and limited to three hours a day.

President of Federation of Nepalese Chamber of Commerce and Industry Bhawani Rana believed that industrial capacity at home would up to 95 per cent provided that uninterrupted power supply to industrial corridor was made sure.

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