KATHMANDU: Hulas Steel Industries, operating in Simara, Bara, has begun paying off its arrears for electricity consumed through dedicated and trunk lines, the Nepal Electricity Authority (NEA) said on Friday.
The industry had accumulated a total arrear of Rs 141.2 million for the period from February 2016 to May 2018. NEA approved a repayment plan of 28 monthly installments, with each installment amounting to Rs 5.043 million. Hulas Steel paid the first installment on Friday, NEA Executive Director Manoj Silwal confirmed.
Similarly, another Simara-based company, Ashok Steel, with arrears totaling Rs 175.8 million, also made its first installment payment. Under a similar 28-installment plan, Ashok Steel paid Rs 6.3 million.
The NEA said these payments mark the beginning of a structured effort to clear long-standing premium arrears from industries using dedicated and trunk electricity lines in the region.
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