IPPAN Urges Hydropower Developers to Issue Local Shares at Face Value of Rs. 100
Summary
IPPAN has urged hydropower developers in Nepal to issue local shares to affected communities at the legal face value of Rs. 100, opposing premium pricing despite IPO delays.
Key Points
- IPPAN has urged hydropower companies to issue shares to local communities at the face value of Rs. 100 per share according to legal provisions.
- Delays in IPO approval processes have caused some developers to consider issuing local shares at premium prices, which IPPAN opposes.
- Allocating shares at face value fosters trust, community ownership, and smooth project implementation.
- IPPAN calls on the government and regulators to simplify and expedite IPO approval processes to support hydropower projects.
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