"I'll be first IPO shareholder of hydropower built with public's money," announces PM Oli


Kathmandu, Feb. 14: Prime Minister KP Sharma Oli has announced that he would purchase the Initial Public Offering (IPO) of the hydropower project to be built in people's money.
At the programme 'Nepal ko Pani Janata ko Lagani, Harek Nepali Bidyutko Share Dhani' (Water of Nepal for People of Nepal, Each Nepali a Shareholder of Hydropower) launched by the Ministry of Energy, Water Resources and Irrigation from today, KP Oli expressed his intent.
PM Oli, however, did not delve into details how many IPO shares he would like to buy but he said he will urge all Nepali to participate in the programme which aims to tap the water resources of our country for constructing hydropower.
PM Oli pledged to accomplish the government's campaign of 'Prosperous Nepal: Happy Nepali' by capitalizing on whatsoever amount of the public's idle fund and investing on the development of hydropower projects in the country.
PM Oli reaffirmed, "We will continue to work on the projects that people deem impossible."
Pressing for prudent mobilization and management of the internal resources to achieve prosperity in the country, PM Oli shared that the lacking fund for the hydro power projects will be arranged by donor agencies.
He also said that the incumbent government was active in mobilizing idle savings or fund in the active sectors like hydropower.
According to him, although Nepal was the first country to generate electricity in the South Asia, it could not make strides in the hydropower sector owing to the archaic policy and programmes.
Prime Minister Oli shared that the government was achieving the speed day by day. He also shared that the government on Wednesday had launched a programme aimed eradicating the burning issue of unemployment in the country.
He added that the government has forwarded various hydro projects in the investment of public. Prime Minister shared that the government has launched a campaign of 'Prosperous Nepal: Happy Nepali' to develop the country into advanced and well equipped country.
PM Oli also expected the cooperation from one and all to materialize the prosperous campaign as about 40 per cent population is of youth and 60 percent of active population in the country.

On another note, PM Oli also the chair of ruling Nepal Communist Party (NCP) said that he and another chair Pushpa Kamal Dahal 'Prachanda' were not united in a single party (NCP) by chance where as they united realizing a need of the nation for change and development.
Speaking in the same programme, Minister for Energy Barsha Man Pun also seconded PM Oli's commitment to lead the nation towards prosperity. RSS

Related News

Isolate Pakistan, Sushma tells U.N.

UNITED NATIONS, Sept. 26 : India took its campaign to diplomatically isolate Pakistan to the United Nations on Monday, with External Affairs Minister Sushma Swaraj asking the world community to hold countries that “nurture, peddle and export” terrorism to account. A unified global strategy can defeat terrorism, “and if any nation…

With LoC turning porous, a strike when the iron was hot

NEW DELHI, Sept. 30 : The Union government had kept the Army strike across the Line of Control under the wraps, but had put the forces guarding the border on maximum alert two days ago, said a senior Home Ministry official. The official said the Pakistani Army had violated the…

We are frustrated with Pak., says Hasina

NEW DELHI, Oct. 14: Bangladesh feels “frustrated” with Pakistan over its export of terror, butDhaka’s reasons for pulling out of the SAARC summit in Islamabad were “different from India’s,” says Prime Minister Sheikh Hasina, attempting to draw a distinction between supporting India on terrorism after the Uri attacks and supporting the subsequent…

Modi takes on Pakistan at BRICS, terms it 'mother ship of terror'

BENAULIM, GOA, Oct. 16: Taking on Pakistan at the BRICS summit, India on Sunday said terrorism is a “direct threat” to economic prosperity and growth. Speaking at the BRICS leaders' meeting, Prime Minister Narendra Modi sought action against terrorism and called for an early adoption of CCIT (Comprehensive Convention on International…

BRICS meet declaration pledges to fight terror

BENAULIM (GOA), Oct. 17: The 8th BRICS summit ended here on Sunday with the adoption of the Goa Declaration which pledged opposition to terrorism, even as India failed to get a consensus on references to “cross-border terror” and Pakistan-based terror groups in the final statement. However, in a strongly worded statement,…

President Mukherjee's visit will create new basis in Nepal-India ties: Minister Mahat http://bit.ly/2evTEVm

KATHMANDU, Nov. 1:- Minister for Foreign Affairs Dr Prakash Sharan Mahat has expressed the belief that the three-day state visit of Indian President Pranab Mukherjee to Nepal beginning tomorrow will create a new basis in the relations between Nepal and India.  The Indian President is visiting Nepal at the invitation…


Find Us on Facebook

From Social

Tokyo (Japan), Sept. 13: A new leadership assumed responsibilities at the Non Resident Nepalese Association (NRNA), Japan on Sunday. The new office bearers took oath of office and secrecy after a long fought battle resulting from dissatisfaction from those who…

Lama led officials assume responsibility in NRNA Japan