. Investors have started obstructing the construction of hydropower projects in the name of Genji and locals, demanding free shares and separate royalties. Although the power projects have been issuing 10 percent shares to the locals as per the law of the Government of Nepal and paying royalty as per the government’s fix, the investors of the energy sector have been surprised after they started demanding free shares and millions of rupees in the name of Genji and the locals.
{{TAG_OPEN_div_32} They have also started demanding that the locals should be given crores of rupees for the use of rivers and government land.
Ganesh Karki, president of the Independent Power Producers’ Association, Nepal, said that the private sector is more worried as the private sector has been obstructing the construction of the project in the name of the locals and Genji by asking for free shares and money that is not mentioned anywhere in the law and cannot be given to the investors.TAG_OPEN_div_30 “We have been issuing shares as per the government’s decision and the project will provide it, but we have also been paying royalty as per the government’s stipulation. “Lately, various groups have been demanding free shares and money in the name of the law, which has discouraged the private sector that has made a lot of progress in energy development,” he said. ’
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