Govt moves to reserve 2 pc of hydropower IPOs for rescue personnel
Summary
The government is preparing to reserve two percent of IPOs issued by hydropower project developers for serving security personnel. The move is meant to recognize their role in search, rescue, relief and rehabilitation operations after the floods in the Bhotekoshi-Trishuli river corridor.
Key Points
- The government plans to introduce a legal provision reserving 2 percent of hydropower companies' IPOs for serving security personnel.
- The proposed allocation is meant to recognize their role in disaster-response work after the August 26 floods in the Bhotekoshi-Trishuli river corridor.
- Energy Minister Biraj Bhakta Shrestha said security personnel worked under difficult conditions during rescue and relief operations.
- The government is moving ahead with the proposal as a form of appreciation for their contribution to search, rescue, relief and rehabilitation efforts.
