Section 29
No Nationalization To Be Made:
29. No Nationalization to be made:
(1) The land, building, equipment and structure related to electricity generation, transmission or distribution shall not be nationalized.
Provided that the land, building equipment and structure related to the generation, transmission or distribution of 1000 kilowatt or less of hydro electricity, Government of Nepal may for the extensive public use take over such property and develop and develop that itself.
Explanation: “Extensive Public Use” means the use, which serves benefits to larger population than the existing population benefited from it.
(2) Government of Nepal shall pay compensation, as prescribed, to the concerned person for the land, building, equipment and structure which is taken over by Government of Nepal pursuant to the proviso clause of Sub-section (1).
(3) The compensation payable pursuant to Sub-section (2) shall be determined on the basis of current price (after deducting wear, tear and depreciation) of the land, building, equipment and structure taken over by Government of Nepal.
(1) The land, building, equipment and structure related to electricity generation, transmission or distribution shall not be nationalized.
Provided that the land, building equipment and structure related to the generation, transmission or distribution of 1000 kilowatt or less of hydro electricity, Government of Nepal may for the extensive public use take over such property and develop and develop that itself.
Explanation: “Extensive Public Use” means the use, which serves benefits to larger population than the existing population benefited from it.
(2) Government of Nepal shall pay compensation, as prescribed, to the concerned person for the land, building, equipment and structure which is taken over by Government of Nepal pursuant to the proviso clause of Sub-section (1).
(3) The compensation payable pursuant to Sub-section (2) shall be determined on the basis of current price (after deducting wear, tear and depreciation) of the land, building, equipment and structure taken over by Government of Nepal.