The Koshi Province government has decided to investing Rs 10 crore in the Ghunsa Khola Hydropower Project under the People’s Hydropower Program.
The Koshi Province government has made a decision to invest Rs 10 crore in the Ghunsa Khola Hydropower Project. This 77.5 megawatt capacity project is currently being built in Taplejung district. The money for this investment has been allocated in the budget of the current fiscal year 2083/084 under the Janatako Jalbidhyut Karyakram, which translates to the People’s Hydropower Program.
Cabinet Decision and Share Limit
The Minister for Water Supply, Irrigation, and Energy, Jhilchan Pathak, said that this investment was confirmed after a cabinet decision. According to the law, the provincial government can invest up to a maximum of 5 percent of the total share capital of the project.
Budget Proposal and Project Ownership
Earlier, there was a proposal registered in the Provincial Assembly to cut this budget. However, Minister Pathak requested to withdraw that proposal. He explained that the Ghunsa Khola project is directly connected to the development and wealth of the province.
This project is being constructed by Remit Hydro Limited, which is a subsidiary company of HIDCL owned by the Nepal Government. In this project, 51 percent shares will be kept by the promoter group. The remaining 49 percent shares will be given to the general public.
Out of the 49 percent shares for the public, 24 percent is reserved for Nepalese workers who are in foreign employment. Another 15 percent is for the local residents of the area, and 10 percent is for the ordinary public. Also, there is a special 50 percent reservation for women in these shares.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
