Industrial capacity increases as power outage declines
KATHMANDU: A significant reduction in power outage in the country in the current fiscal year has led to an increase in industrial capacity by 9.1 percent, NRB report asserted.
According to the Economic Activities Study Report- 2073/74 BS, unveiled by the Nepal Rastra Bank (NRB), 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 hitting 57.3 per cent.
Pashmina industries were able to use 98.5 per cent capacity in this period while beverage industries utilised 82.1 percent, noodle factories utilised 79.1 per cent and tea processing industries used 78.6 per cent capacity.
Moreover, as per the report, 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 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 it has been reduced to three hours a day.
President of Federation of Nepalese Chambers of Commerce and Industry, Bhawani Rana said that industrial capacity at home would go up to 95 per cent if the industrial corridors were provided an uninterrupted power supply.