Increase in electricity consumption will boost economy: Minister Sharma

KATHMANDU: Finance Minister Janardan Sharma has said if the consumption of electricity is ensured, it would help boost economic development. Time has come to ensure increase in electricity consumption within the country, he said, arguing that it would contribute to reduce trade loss. It is time to reap benefit from the investment made in the […]

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Is Nepal grappling with highest electricity consumption?

KATHMANDU: As temperatures soar, Nepal is grappling with its highest electricity consumption yet. The Nepal Electricity Authority (NEA) reports a staggering 2,176 megawatts of electricity usage during Wednesday evening’s peak hour (June 12), marking a significant spike exacerbated by the scorching summer conditions. This June, the demand has surpassed last year’s levels, including during the […]

Safety-centric approaches to drive domestic electricity consumption

Being a developing nation struggling with slow GDP growth and limited industrialisation, the rapid increase in electricity consumption poses significant challenges. The post Safety-centric approaches to drive domestic electricity consumption appeared first on OnlineKhabar English News.

Bitcoin’s new puzzle: How to ditch fossil fuels and go green

With the cryptocurrency industry under increasing pressure to rein in the environmental impact of its massive electricity consumption

With rise in cold, daily electricity consumption recorded highest on Wednesday

Suresh Bahadur Bhattarai, NEA spokesperson, predicted that the electricity consumption could have reached 1,750 megawatts on the day if there was a more effective distribution of electricity in place.

Concessional loan made easy for charging station development

KATHMANDU, September 24: The Nepal Rastra Bank (NRB) has unveiled a new provision ensuring concessional loan for the establishment of electronic vehicle charging station. The central bank has come up with such idea to promote use of e-vehicles and increase electricity consumption through third amendment to refinancing procedures. The latest move of the central bank is to benefit the private sector that is working for the development electronic vehicle charging station with top priority in the recent days. Currently, 15 charging stations have been run while the Nepal Electricity Authority (NEA) is working to set up 50 electronic vehicle charging stations across the country. Likewise, the NRB would provide refinancing service to the broadband internet service providing organisation, which will help increase internet penetration in the country's rural areas.