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  Energy Sector not Happy with New Budget

Although the private sector has warmly welcomed the budget announced by the government on May 29, the energy sector seems to be dissatisfied with the budget.

Energy producers say that the budget has taken the private sector into confidence and considers it to be an “engine” to achieve economic development. However, they argue that the budget has not addressed the concerns of the energy sector.

They said that although the provisions related to energy sector in the budget are praiseworthy, they are not adequate. Chairman of the National Hydropower Company Kumar Pandey says that the budget did not address their major concerns.

“Whatever arrangements have been made for the energy sector, they are commendable. However, the budget has not addressed the issue of major problems faced by the energy sector,” said Pandey, adding, “The energy sector has been badly affected due to the rise in interest rate and inflation. The government did not announce any policy to address this issue. Overall, the government seems to be less interested in energy sector.”

Pandey said that the government did not address the issues that need immediate attention.

[2 June, 2022 / newbusinessage.com]   
 
 
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