IPO issue of Upper Tamakoshi Hydropower postponed by 1 month; Locals continue their protest against the allotment module

The IPO issue of Upper Tamakoshi Hydropower has been postponed 1 month back. The locals of Dolakha district have been protesting against the allotment module of the IPO issue. The module was set to issue 10% IPO to the locals and 15% to the general public within Chaitra, 2074. But, because of the protest of the locals, the IPO issue have been postponed back by 1 month. The political parties of Dolakha district had announced to protest against the share distribution modality of Upper Tamakoshi Hydropower’s IPO issue. The ‘Mathhilo Tamakoshi Share Sarokar Sangharsa Samiti’ had announced that if their demands are not fulfilled, entry for the authorities of the project and construction company will be prohibited from Chaitra 10, 2074. The committee had demanded that the maximum amount of application should be reduced to Rs 10,000 from Rs 30,000, to guarantee the unsold shares and to construct a road in the most affected area of Gaurishankar Rural Municipality-9. The committee has announced third stage of protest and have said to conduct programmes to pressurize the related parties. The programmes will include district wise signature campaign against the distribution modality, 1 day Dolakha strike, lock out of the District Cordination Committee and many more. The project will start its production only from Poush of the next year. The increase in time for the completion of project has not just made it slow start for the production, but also has increased the investment in the project. The project which was initially started with the assumed investment of Rs 35.29 arba is not supposed to cost more than Rs 46 arba.