Economic concerns mount as NEA disconnects power: NFTA speaks out

KATHMANDU: The Nepal Foreign Trade Association (NFTA) has voiced its opposition to the Nepal Electricity Authority (NEA) for cutting off power lines to industries that have not settled their electricity tariffs for power supplied through dedicated feeders and trunk lines.

According to the NFTA, the NEA imposed a tariff hike of up to 67 percent in bills sent to entrepreneurs who did not apply for power supply from dedicated feeders and trunk lines following the end of load shedding in the country.

Expressing dissatisfaction, the NFTA highlighted the lack of evidence from the NEA regarding electricity consumption, deeming it unfortunate that power lines were disconnected.

The association cautioned that this move could have a detrimental impact on the already struggling economy, potentially leading to further setbacks for industries and businesses facing challenging conditions, thereby affecting entrepreneurial morale.

In response, the NFTA has urged the NEA to promptly address the issue in a mutually beneficial manner, advocating for the immediate restoration of power supply to industries facing disconnection. Furthermore, the association called on the NEA to refrain from discontinuing power supply to additional industries for the same reasons.

Fiscal Nepal |
Sunday December 24, 2023, 05:13:17 PM |

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