Power disruption to lead to demise of Araniko Cement

Nepal’s Araniko Cement Industry has faced disruption of its power supply in the past seven months and the company is now reported to be on the verge of collapse unless urgent action is taken to restore its power supply, reports New Business Age.

Torrential rains and floods in August have destroyed power infrastructure in the area of Jitpur, Bara, where the cement plant is located. Nepal Electricity Authority has not been able to supply power to the industry as the local population has obstructed work on the power line.

“The production has decreased as the industry has been using generator instead of direct line from NEA,” added Araniko’s Manager, Hari Shankar Karna.