The meeting of Investment Board Nepal (IBN) ended inconclusively on Wednesday, as officials of both IBN and the Ministry of Energy (MoE) staked claim to implement four mega hydropower projects and some transmission lines project.
The meeting was chaired by Prime Minister Sushil Koirala.
Though eight agendas were set for the meeting, the first two agendas occupied most of the time. In the meeting which continued for three hours, officials of both IBN and MoE argued that they were the authorized agency to implement Upper Marshyangdi, Upper Karnali, Tamakoshi III and Arun III hydropower projects and some transmission lines of high capacity.
The next meeting would be held on Friday.
Similarly, officials of MoE and Ministry of Industry differed on bonus rates. The Bonus Act allows private companies to distribute 10 percent of the net profit for the year as bonus to employees. However, MoE officials said the rate was not practical in case of mega projects.
Source
The meeting was chaired by Prime Minister Sushil Koirala.
Though eight agendas were set for the meeting, the first two agendas occupied most of the time. In the meeting which continued for three hours, officials of both IBN and MoE argued that they were the authorized agency to implement Upper Marshyangdi, Upper Karnali, Tamakoshi III and Arun III hydropower projects and some transmission lines of high capacity.
The next meeting would be held on Friday.
Similarly, officials of MoE and Ministry of Industry differed on bonus rates. The Bonus Act allows private companies to distribute 10 percent of the net profit for the year as bonus to employees. However, MoE officials said the rate was not practical in case of mega projects.
Source
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