Govt initiates to reserve 2% hydropower IPOs for security personnel
Summary
The government has begun the legal process to reserve 2% of hydropower IPOs for serving security personnel in recognition of their role in flood rescue efforts. The floods in the Bhotekoshi-Trishuli river system have also shut down power projects, damaged infrastructure, and prompted relief measures for affected families and consumers.
Key Points
- The government is initiating legal steps to reserve 2% of hydropower IPOs for serving security personnel as recognition for their flood response work.
- More than 800 people working at hydropower projects are still missing, including 47 Nepal Electricity Authority employees, and rescue efforts are continuing.
- The families of NEA employees who died or went missing will receive Rs. 500,000 and six months of half salary as immediate relief.
- Floods in the Bhotekoshi-Trishuli river system have disrupted 410 megawatts of power generation and damaged several ongoing and operating projects.
