Kathmandu, May 24
Nepal Ekrat Engineering
Company Limited (NEEK), which has been manufacturing, transporting and trading
transformers at the international level for almost three decades now, has again
started exporting transformers to Bhutan.
The export of the
machines to Bhutan was stopped due to the outbreak of the coronavirus pandemic
three years ago.
After the electrification
work intensified with the end of the pandemic, Bhutan Power Corporation Limited
(BPC) called for a contract for the purchase of transformers. NEEK was selected
in the bid, beating various countries including India, the company said in a
statement on Wednesday.
According to the
contract, the production and export of transformers have already started, said
Kush Kumar Joshi, Managing Director of the company.
According to the contract
agreement, the export of 160 transformers from 15 kVA to 1250 kVA capacity
worth Rs. 141.4 million (US$ 1.7 million) has started, Joshi said. "Nepali
industry can also earn enough foreign exchange from the export and contribute
significantly to the country's economy."
He said that if the
government provides discounts on export tax and other concessions, it is
possible to earn foreign exchange by exporting transformers to South Asian
countries including Bhutan. In addition to expanding the domestic market, Joshi
informed that they are also studying the wide possibilities of foreign exports.
Recently, NEEK had
supplied more than 7,000 transformers to the Nepal Electricity Authority. It's
production plant has an annual production capacity of 18,000 transformers.
Published in The Rising Nepal daily on 25 May 2023.
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