The government has initiated legal procedures to reserve a 2 percent quota in upcoming hydropower IPOs for security personnel who serve during natural disasters.
Minister for Energy, Water Resources and Irrigation Viraj Bhakta Shrestha has informed that legal process has been started to guarantee 2 percent share in primary shares (IPO) of hydropower projects for security personnel who work continuously during emergency disasters.
Speaking in House of Representatives meeting on Wednesday, Minister Shrestha explained that policy decision was taken to make security personnel owners in hydropower projects. He appreciated huge efforts made by security forces in search and rescue works despite difficult geographical terrain and adverse weather conditions.
Disaster Lessons and High Alert for Heavy Rainfall
He stated that 2 percent allocation in hydropower IPOs is aimed at respecting commitment and high sense of responsibility shown by security officers toward nation. He also praised coordinated response from Nepal Electricity Authority, Department of Irrigation, and Department of Hydrology and Meteorology during recent Bhote Koshi incident.
Minister Shrestha noted that destruction caused by disaster taught serious lesson for future. He emphasized that along with calculating losses, there is need to construct modern structures and adopt technology that can lower such risks later. Subordinate departments have been directed strictly to prioritize high safety standards so that new hydropower projects are disaster resilient.
At same time, Minister Shrestha asked citizens and authorities to stay alert because Meteorological Forecasting Division warned of heavy to very heavy rain due to low pressure system in Bay of Bengal. He added that directions have been issued to closely monitor weather reports and maintain high alertness, particularly in central and western regions as well as flood affected areas including Rasuwa, Nuwakot, and Dhading.
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.
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