FNCCI welcomes decision to reduce electricity tariff and not hike demand fee

This image shows the building of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) in August 2017. Photo courtesy: Aawart Adhikari

KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the Electricity Regulatory Commission’s decision to reduce electricity tariff and not raise electricity demand fee. The federation has said this will go a long way in helping industries that have been hit hard by the Coronavirus pandemic.

FNCCI had been regularly requesting the government not to hike the electricity demand fee and had also met the energy minister regarding the issue. It has said that the decision not to hike the demand fee has bolstered the confidence of the private sector. The Federation has thanked Energy Minister Pampha Bhusal, officials of the Energy Ministry, Electricity Regulatory Commission and Nepal Electricity Authority for this move.

The federation has said this decision will help expedite economic activities in the country that had stalled due to the pandemic. It has been mentioned that it will also help domestic industries be more competitive and help generate more employment.

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