Nepal: Energy crisis brings industrial production down to 20%

The national industrial production has dropped down to around 20 percent of its total capacity after the Nepal Electricity Authority (NEA) started 40 hour a week load shedding a few weeks back.

In a press conference organised by the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Thursday, second vice president Kush Kumar Joshi informed that if the present state of load shedding continues, the economic losses to nation would be unimaginable and over 3.3 million people would be at the risk of losing their jobs.

He accused government of not being serious towards the problems the industrial sector is facing by ignoring the attention drawn by industries repeatedly to address the issue.

The FNCCI official said they were ready to work together with the government to seek alternatives for hydropower so that energy supply will not be the cause of shutting down industrial production.

Nepal News