Section 5
Terms Of License:
5. Terms of License:
(1) The term of license to be issued for the survey of electricity may be of 5 (Five) years in maximum.
(2) The term of license to be issued for generations, transmission or distribution of electricity may be of 50 (Fifty) years in maximum.
(3) In case a license is issued for a term less than prescribed term in Subsection(1) or (2), it shall be required to be renewed before one year of expiry of the term stipulated in the license.
(4) If the license is not renewed pursuant to Sub-section (3) such license shall be void.
(1) The term of license to be issued for the survey of electricity may be of 5 (Five) years in maximum.
(2) The term of license to be issued for generations, transmission or distribution of electricity may be of 50 (Fifty) years in maximum.
(3) In case a license is issued for a term less than prescribed term in Subsection(1) or (2), it shall be required to be renewed before one year of expiry of the term stipulated in the license.
(4) If the license is not renewed pursuant to Sub-section (3) such license shall be void.