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The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has objected to a proposal to raise electricity tariff hike, saying that it will badly affect the country’s ailing industrial sector.

 Speaking at an interaction on ‘Electricity for Industrial Growth’ organized in Kathmandu on Tuesday, FNCCI President Pashupati Murarka said that hike in energy tariff will further erode competitive strength of Nepali industries. “If the proposal to hike electricity tariff is endorsed, electricity tariff in Nepal will be higher than the tariff in China and India,” Gyanendra Lal Pradhan, chairperson of Energy Committee under FNCCI, said. “Industrial growth is possible only when electricity tariff is low,” he added.

 The private sector leaders were responding to a proposal to increase electricity tariff by 20 percent submitted to Electricity Tariff Fixation Commission (ETFC) by Nepal Electricity Authority (NEA).

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