IPAN Urges Hydropower Companies to Issue Shares at Face Value to Local Residents
Summary
IPPAN has urged hydropower companies to issue shares to project-affected locals at face value rather than at a premium, saying the practice is legal, fair and necessary to protect community ownership. The group also warned that long delays in IPO approvals are hurting project financing and could trigger further local disputes.
Key Points
- IPPAN says project-affected locals should receive hydropower shares at face value of 100 rupees, not at a premium.
- Chairman Mohan Dangi said premium pricing for locals creates confusion and is not legal under government and SEBON rules.
- The association cited the Bhote Koshi hydropower dispute as a precedent and warned other projects to avoid similar shutdowns.
- Hydropower developers say delayed IPO approvals by the Securities Board of Nepal are disrupting financing and project construction.
