KATHMANDU, July 7: Prime Minister Pushpa Kamal Dahal has said the government would take maximum efforts to address the demands raised by private power producers in the country.

During a meeting with the office-bearers of the Independent Power Producers' Association, Nepal (IPPAN) at his residence in Baluwatar today, Prime Minister Dahal mentioned that the government would take initiatives to provide compensation to the projects damaged by landslides and floods.

He shared that necessary preparation and initiatives were underway for the implementation of agreements made during his recent India visit.

The prime minister also assured the independent power producers of addressing some of the policy-level and topical issues raised by them.

On the occasion, IPPAN demanded refinancing from Nepal Rastra Bank for the reconstruction of the damaged hydropower projects, extending the deadline to produce electricity by two years and providing discounts on customs and VAT while importing machines and spare parts required for the reconstruction. 

IPPAN President Ganesh Karki said they also demanded the Prime Minister make necessary arrangements to provide 50 per cent in advance from insurance based on preliminary details of the 'surveyor' as well as to reschedule the loan taken for the reconstruction of the projects for up to 20 percent.

The power producers also demanded the creation of a friendly environment for energy development, signing power purchase agreements with projects that have filed applications at the Nepal Electricity Authority and passing the Electricity Act immediately, added Karki.

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