Ujyalo Nepal Party Announces Ambitious “1,000 Shares” Hydropower Plan

Kathmandu – The Ujyalo Nepal Party, led by Chairman Kulman Ghising, on Sunday unveiled its election manifesto, putting forward an ambitious plan to provide at least 1,000 primary shares of hydropower projects to every household. Named the “1,000 Shares Campaign,” the plan aims to give direct ownership of hydropower projects to all families in the country.

According to the manifesto, poor and disadvantaged families will be offered concessional loans to purchase primary shares. It also mentions provisions to convert the labor of workers involved in project construction into shares.

The manifesto commits to establishing a “People’s Hydropower Fund,” where 20% of the revenue from hydropower projects—transferred to the government 30 years after a Power Purchase Agreement (PPA)—will be deposited. The fund is planned to support programs in education, health, and employment generation.

The party also sets a target of producing 12,000 megawatts of electricity by 2030 with private sector participation, aiming for a per capita electricity consumption of 800 kWh. Fifteen percent of income from electricity exports will be placed in a “National Prosperity Fund” to be spent on rural infrastructure development and poverty alleviation.

Long-term goals include producing 25,000 MW by 2035 and 40,000 MW by 2045, with the aim of establishing Nepal as a carbon-neutral country. The manifesto also mentions exporting electricity to India, Bangladesh, and China, targeting an annual revenue of USD 500 million.

Additional strategies include attracting investment in crypto mining and data centers, promoting local electricity consumption, and reducing fuel imports. The party asserts that national hydropower resources will serve as a key foundation for national prosperity.

Released under the motto, “Not talk, but action; not speech, but results,” the Ujyalo Nepal Party emphasizes government reform, anti-corruption measures, and economic prosperity as its main priorities.