People living in Belbas, Byas Municipality-13, are asking for proper payment. They say the 140 MW Tanahu Hydropower Project puts their homes in big danger.
The Tanahu Hydropower Project is building in Jhaputar, Rishing Rural Municipality-1. Locals fear that when the project starts working, Belbas will face flooding. They worry about long-term safety. So, they are protesting more and want quick help from government.
Why Belbas at Risk from Tanahu Hydropower Project?
Meghnath Acharya from the Concern Committee said Belbas will surely flood because of the project. He said affected families need fair compensation. Some structures made for project safety have made the village more unsafe.
An Asian Development Bank (ADB) report also says Belbas can sink under water after the project runs. Locals say the wall built to protect project office has changed the Seti River flow. Now, river comes toward Belbas. This makes danger much higher.
Acharya warned that big flood in Seti River can wash away whole Belbas. People may need to move to new place. He said government must give good compensation and new homes for all affected families.
About 170 households can face problems from this hydropower project Nepal.
Locals Talk to Minister About Tanahu Hydropower Project Issues
Few days ago, Energy Minister Kulman Ghising visited Tanahu. Concern Committee leader Yam Bahadur Ale told him about Belbas risks.
This news is important for NEPSE investors. Hydropower sector is big part of Nepal Stock Exchange. Many hydropower stocks and hydro shares trade daily. Issues like this can affect NEPSE index and Nepal share market.
The Tanahu Hydropower Project is key for Nepal energy growth. It can add more power and help Nepal economy. But fair treatment for locals is must. This keeps trust in hydropower companies and NEPSE hydropower sector.
Investors watching hydropower news Nepal should note these updates. Delays or protests can impact stock prices in Nepal Stock Market. Stay tuned for more on Tanahu Hydropower and its effect on NEPSE.
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