PM Oli secures 20 units of share of Trishuli III B hydropower project

Trishuli III B

KATHMANDU, March 28: Prime Minister KP Sharma Oli has got 20 unit shares of the Trishuli III B hydropower project launched under the government’s ‘People’s Hydropower Program’.

Likewise, his spouse Radhika Shakya also secured 20 units. The information was made public amid a program held today at the Ministry of Energy, Water Resources and Irrigation to allocate the project’s shares to the applicants. Both of them had applied for 10,000 units of share each.

Likewise, Energy Minister Barsha Man Pun got 20 shares, while former Speaker Onsari Gharti got 20 and secretary of the ministry Dinesh Kumar Ghimire got 20.
Of the total applicants, 50,267 have got 30 units of shares each, and 145,559 received 20 units of shares, said Paras Mani Dhakal, chief executive officer of Global IME Capital, the sales promoter. The total of 67 applications was canceled. The project’s promoter, Trishuli Hydropower Company had issued over 3.7 million units of share in the initial public offering.