Upper Tamakoshi shares distribution to be delayed


    ipo-1DOLAKHA, Oct 28: The process of distributing shares of Upper Tamakoshi Hydropower Project to locals of Dolakha district is not getting momentum as works to prepare database of eligible applicants and devise an appropriate modality for distribution of shares have yet to begun.

    A district level coordination committee of the project had agreed in the third week of August to prepare database and start process to distribute shares from the third week of November. But nothing has been done so far.

    The project has set aside 10 percent (10,590,000 units) of the total shares for the locals of Dolakha district.

    An employee at the District Development Committee (DDC) Dolakha, seeking anonymity, said nothing has been done toward preparation of database of eligible applicants.

    The committee had decided to mobilize secretaries of all Village Development Committees (VDCs) in the district for information collection.

    In the meeting of the coordination committee held in August, locals had raised question on the share distribution modality, stating that the existing modality is in favor of well-off people.

    Bijay Raj Subedi, Local Development Officer of Dolakha, said the process to collect information of eligible applicants has been delayed as the meeting of the coordination committee failed to finalize the format for information collection.

    Source : Republica