Monday, September 30, 2013

FUNDS EMBEZZLEMENT (NEPAL)



It is alleged that Alternative Energy Promotion Council (AEPC) has misused fund worth NPR 1.5 billion in ‘Small Cottage Solar Electric System’ by providing more grant to the entrepreneurs than the cost of the solar system. The entrepreneurs are selling the solar system costing around Rs 1,000 at up to Rs 7,000 despite receiving grant. The program is designed to expand the system in the remote areas where use of other forms of electricity is not possible.
September 23
Karobar Daily

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