IPPAN objects to Insurance Committee’s directive « Khabarhub
Friday, June 21st, 2024

IPPAN objects to Insurance Committee’s directive

02 October 2021  

Time taken to read : 2 Minute

  • A
  • A
  • A

KATHMANDU:  The Independent Power Producers Association of Nepal (IPPAN) has objected to the recent arrangements made by the Insurance Committee regarding the hydropower project.

According to IPPAN chair Krishna Prasad Acharya, it is wrong to issue directives under the influence of some non-life insurance companies. Instead of compensating for the damage caused to some river basin corridor projects in Gandaki and Bagmati provinces during the recent floods, the IPPAN has said that effort are being made to hurt the energy entrepreneurs with a wrong intention.

Instead of the Insurance Committee taking the initiative to provide full compensation, the amount of the insurance policy has been increased, which is not acceptable to IPPAN. Chair Acharya said that the treatment towards the hydropower projects in regards to compensation to the projects that suffered damaged in the recent monsoon is not welcoming.

The IPPAN has demanded that the Ministry of Finance and the Finance Minister immediately revoke the directive and take action against the culprits.

Publish Date : 02 October 2021 07:56 AM

Ruling alliance reaches agreement on ambassador appointments

KATHMANDU: The three key parties of the ruling alliance—CPN (Maoist

Rasuwa customs collects Rs 585.5 million in fines

RASUWA: The customs office in Rasuwa has collected Rs 585.5

International Day of Yoga being celebrated today

KATHMANDU: The 10th International Day of Yoga is being celebrated

Yoga helps reduce negative effects of modern lifestyle: Prime Minister

KATHMANDU: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ emphasized the importance

Hearing of case against Home Minister Lamichhane today

KATHMANDU: The hearing of the writ petition demanding the suspension