Section 10
Ownership Of Government Of Nepal:
10. Ownership of Government of Nepal:
(1) The land, building, equipment and structure related to the electricity generation plant or transmission and distribution line established by the foreign national or corporate body as more than 50 (Fifty) percent of the total investment, shall be under the ownership of Government of Nepal after the expiry of the term as prescribed in the license.
(2) The assets coming under the ownership of Government of Nepal pursuant to Sub-section (1) may be purchased by the prior licensee on the amount as assessed pursuant to Sub-section (3) for generation, transmission
or distribution of electricity and after acquiring such asset, such person, after entering into an agreement with His Majesty’s Government, shall generate, transmit or distribute electricity according to the agreement so made.
(3) Government of Nepal shall constitute a committee comprising of at least five persons for the purpose of assessing the amount pursuant to sub- section (2).
(4) The electricity generation plant, transmission or distribution line established by the foreign national or corporate body as up to fifty percent of the total investment or established without foreign investment shall be operated
or managed by the prior licensee by entering into an agreement with Government of Nepal after the expiry of the term as prescribed in the license on conditions as mentioned in the agreement so made.
(1) The land, building, equipment and structure related to the electricity generation plant or transmission and distribution line established by the foreign national or corporate body as more than 50 (Fifty) percent of the total investment, shall be under the ownership of Government of Nepal after the expiry of the term as prescribed in the license.
(2) The assets coming under the ownership of Government of Nepal pursuant to Sub-section (1) may be purchased by the prior licensee on the amount as assessed pursuant to Sub-section (3) for generation, transmission
or distribution of electricity and after acquiring such asset, such person, after entering into an agreement with His Majesty’s Government, shall generate, transmit or distribute electricity according to the agreement so made.
(3) Government of Nepal shall constitute a committee comprising of at least five persons for the purpose of assessing the amount pursuant to sub- section (2).
(4) The electricity generation plant, transmission or distribution line established by the foreign national or corporate body as up to fifty percent of the total investment or established without foreign investment shall be operated
or managed by the prior licensee by entering into an agreement with Government of Nepal after the expiry of the term as prescribed in the license on conditions as mentioned in the agreement so made.