IPPAN to go to CIAA seeking damages of over Rs 108 billion for not issuing shares on time

लगानी न्यूज

२९ आश्विन २०८२, बुधबार १४:१८October 15, 2025

. According to the Independent Power Producers’ Association of Nepal (IPPAN), the Securities Board of Nepal (SEBON) has not allowed hydropower companies to issue IPOs on time.

IPPAN has said that delaying service delivery for more than seven days is considered as an abuse of authority and it will take action against SEBON for not allowing the issuance of shares on time.TAG_OPEN_div_18 “We will file a complaint with the Commission for the Investigation of Abuse of Authority (CIAA) demanding compensation worth Rs 108.5 billion due to the failure to issue the IPO on time,” he said. ” the statement said.

IPPAN claims that the shares of hydropower companies have not been issued regularly for the last 28 months and only a few companies have been issued.TAG_OPEN_div_16 According to IPPAN, 43 companies worth 975 MW are awaiting IPO issuance.

Similarly, shares worth Rs TAG_OPEN_div_14 23.27 billion have not been issued due to the delay in issuance of shares of 50 companies awaiting the issuance of rights shares of 7 companies, claims IPPAN, which has caused a loss of Rs 108.50 billion to the power sector.

Due to the non-issuance of the IPO on time, the interest amount has increased by Rs 12.4 TAG_OPEN_div_12 0 billion. Similarly, the cost increment increased by Rs 24.30 billion and revenue loss of Rs 71.78 billion.

TAG_OPEN_div_10Richette Hydropower, Beni Hydropower, Uniq Hydel, Yambling, Laughing Buddha and Puwa Khola Hydropower Company have been removed from the IPO application on the grounds that the term ‘real net worth’ is not practiced anywhere in the world and is not included anywhere in the laws of Nepal. This has also started to pose serious problems in the overall energy development. ” the statement said.