IPPAN establishes policy research and land acquisition and building funds

Published On: May 19, 2024 11:00 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 19: The Independent Power Producers' Association (IPPAN) has established policy research and land acquisition and construction funds. 

The fund has been established with the aim of developing IPPAN as a 'think tank' through research activities and conducting IPPAN's activities from its own building.

The treasurer of IPPAN, Narendra Ballabh Pant, said that the two separate funds have been formally established after the 22nd General Assembly of IPPAN in Kathmandu passed the decision to establish both funds.

“The fund has been established with the vision, purpose and proposed action plan of the two far-reaching impact funds. It will organize the members, policy and program planning and carry out various research works,” he said.

This fund has been established for the purpose of collecting necessary data, information, national/international standards and analyzes in the relevant field in an institutional manner. IPPAN aims to move ahead with a separate procedure for the established fund with the target of collecting Rs 30 million.

The goal of collecting funds from energy promotion companies, various national and international institutions and bodies is to carry out various studies, research and academic work related to energy.

IPPAN plans to provide comprehensive data and materials related to the energy sector, including its impact on GDP, investment from banks and financial institutions, contributions to job creation, public share investment in energy projects, and issues in completed and ongoing projects. This information will be published for broader dissemination.

At the general assembly, former Energy Secretary Suman Sharma announced that he would donate Rs 200,000, adding Rs 100,000 to the amount he received from Urja Jyoti Samman.

Likewise, IPPAN member Tek Nath Acharya has announced to provide one lakh rupees on behalf of Vision Energy. He has also announced to give Rs 100,000 to the building fund.

Likewise, Treasurer Pant stated that a separate procedure and a building construction committee will be formed for the land and building construction fund established with the goal of constructing a building by purchasing its own land within five years.

"We have established the fund because of the important investment in the energy sector, the priority given by the government and the long-term strategic object of the organization's membership, and the need to build its own building for its leading organization, IPPAN," he said.

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