Speaker Mahara joins People’s Hydropower Program


Speaker of the House of Representatives Krishna Bahadur Mahara has participated in the People’s Hydropower Program announced earlier by the government.

The program is aimed at encouraging the people to purchase the shares of hydroelectricity projects and thereby contribute towards the prosperity of the nation.

The government has started the program with the objective of constructing hydropower projects by mobilizing domestic capital and giving its profits to the people.

There is enthusiastic participation of the people in this program and people occupying high state positions have also started buying the shares of hydropower projects.

In this connection, Speaker Mahara opened DMAT account at Global IME Capital on Thursday. He has purchased the shares of the Rasuwagadhi and Sanjen hydropower companies. The companies issued the IPOs from today.

Speaker Mahara joined the People’s Hydropower Program at a program organized at the Ministry of Energy, Water Resources and Irrigation today.

On the occasion, Speaker Mahara expressed his happiness to be a part of the program and urged the bodies concerned to seek ways of enlisting the maximum participation of the people living in remote parts of the country in the program. “You have started this very good program. We should find the appropriate method and alternative as to how all the Nepalis’ participation could be had in this programme,” he said to Minister for Energy, Water Resources and Irrigation Barsha Man Pun, who was also present on the occasion.

Speaker Mahara and minister Pun have applied each to buy 1,000 units of share of Rasuwagadhi Hydropower Company (RHC) worth Rs 100,000 under initial public offering and 500 units of share of Sanjen Hydropower Company (SHC) worth Rs 50,000.

Likewise, Speaker Mahara’s spouse Sita has also applied to buy Rs 100,000 worth of 1,000 units of the RHC and Rs 50,000 worth of 500 units of the SHC.

Also, former Speaker Onsari Gharti has applied to purchase Rs 100,000 worth of 1,000 units of the RHC and Rs 50,000 worth of 500 units of the SHC.

Earlier, Prime Minister KP Sharma Oli, who applied for 10,000 units of share of the Trishuli III ‘B’ hydropower project, secured 20 units.

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