Kathmandu, Feb 5, 2018
A significant cut in a 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, the 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 percent.
Pashmina industries were able to use 98.5 percent 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 percent capacity.
As the report states, rice mills (28.8 percent), sugar mills (31.2 percent) and brick industries (35.7 percent) 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, 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 percent provided that uninterrupted power supply to the industrial corridor was made sure.