sDkgL P]g, @)^# cGtu{t ;+:yflkt / ;+rflnt

sf] -lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) tyf sDkgL P]g, @)^# sf] bkmf @# cGtu{t k|sflzt_

ljj/0f-kq sDkgLsf] s"n hf/L k"FhL ?= ^,))),))),))).— a/fa/sf] ^),))),))) lsQf lwtf]kq dWo] xfnnfO{ k|lt z]o/ ?=!)).- c+lst b/sf] ! s/f]8 $$ nfv lsQf z]o/x? lgDg tflnsf cg';f/sf ;d"xx?nfO{ o; ljj/0f kq dfkm{t tklzn adf]lhdsf] ;fwf/0f z]o/ lgisf;g ug{ nfluPsf] M

;d"x s"n hf/L k'FhLsf]

k|ltzt 5'§fOPsf] z]o/

;+Vof k'FhL /sd -?=_

sd{rf/L ;~rosf]ifdf ;~ro ug]{ ;~rostf{ sd{rf/Lx? cyf{t ldlt @)^*.)*.@@ df sfod /x]sf / ;f] kZrft\

of] ljj/0f kq :jLs[t ePsf] ldlt @)&%/)^/@( ut]leqdf sd{rf/L ;~ro sf]ifdf ;+rostf{sf] ?kdf sfod /x]sf ;+rostf{ sd{rf/L

!(=% k|ltzt !!&,)),))) !,!&),))),))).–

;+:yfks z]o/wgL ;+:yf -lrlnd] hnljB't sDkgL ln=, g]kfn ljB't k|flws/0f, l;Gw'kfNrf]s xfO8«f]kfj/ sDkgL ln=, l;Gw' OGe]i6d]G6 sDkgL k|f=ln=, g]kfn c/lgsf] xfO8«f]kfj/ sDkgL k|f=ln= tyf l;Gw' ef]6]sf]zL xfO8«f]kfj/ ln=_sf sd{rf/Lx?

#=% k|ltzt @,!)),))) @!),))),))).–

C0fbftf ;+:yf-sd{rf/L ;~ro sf]if_sf sd{rf/Lx? ! k|ltzt ^)),))) ^),))),))).–s"n hDdf @$ k|ltzt !$,$)),))) !,$$),))),))).–

o; ljj/0f kq cg';f/ lgisf;g ug{ nfluPsf] ljleGg ;d"xsf nufgLstf{x?nfO{ ljt/0f ul/g] z]o/ ;j{;fwf/0fnfO{ lgisfzg u/]sf] z]o/ afF+8kmfF+6 ePsf] ldltn] tLg aif{ k"/f geP;Dd laqmL ljt/0f jf x:tfGt/0f ug{ kfOg] 5}g . xfn lgisf;g ul/Psf] z]o/ lng] AolQmx?n] sDkgLn] ;fj{hlgs lgisf;g ug{ 5'6\ofPsf] z]o/sf] nflu cfj]bg lbg kfpg] 5}gg\ . sd{rf/L ;~+rosf]ifsf ;~rostf{, C0fbftf ;+:yfsf sd{rf/Lx?, ;+:yfks z]o/wgL ;+:yfsf sd{rf/Lx?n] s'g} Ps ;d"xaf6 dfq z]o/ vl/b ug{ kfpg]5g\ . o;kl5 ;fj{hlgs lgisf;gsf] nflu 5'6\ofOPsf]sf] z]o/ dWo]af6 ;j{;fwf/0f ;d'xnfO{

hf/L x'g] z]o/df sDkgLsf sd{rf/Lx?sf] nflu z]o/ ;'/lIft ul/Psf]5 . b/vf:t;fy k|lt z]o/ ?=!))÷— sf] b/n] -ztk|ltzt e'QmfgL dfu ul/Psf]_

sDkgLsf] ljut tyf cfufdL tLg jif{sf] jf:tljs tyf k|If]lkt ljQLo ljj/0f :

ljj/0f jf:tljs k|If]lkt

cf=j=)&@.&# cf=j=)&#.&$ ckl/is[t

cf=j=)&$.&%* cf=j=)&%.&^ cf=j=)&^.&& cf=j=)&&.&* cf=j=)&*.&(

k|lt z]o/ g]6jy{ -?=_ !)).– !)).– !)).– !)).– !!$.– !#@.– !$^.– k|lt z]o/ cfDbfgL -?=_ -)=%^_ -)=^&_ -)=@$_ )=!& !$=)( !&=%& @!=$@

;l~rt d'gfkmf÷-gf]S;fg_ -?= xhf/df_ -*$,*%@_ -!)$,!@*_ -!!!,$(#_ !),@@^ *%%,*)^ !,()(,*#@ @,&&$,*^)

gf]6*: cfGtl/s n]vfkl/Ifsaf6 k|dflf0ft ul/Psf] ckl/is[t ljQLo ljj/0f . k|lt d]ufjf6 nfut ;DaGwL ljj/0f

sDkgLsf] k|If]lkt ljQLo ljj/0f cg';f/ lgdf{0f cjlwsf] Aofh ;lxt k|lt d]ufjf6 nfut ?=!^),*@&,))).– tyf s'n nfut ?= !^,$)$,#$*,))).– /x]sf] 5 . ljB't pTkfbg cg'dltsf] afFsL cjlw ;DjGwL ljj/0f

Ohfht kq jxfn /xg] cjlw ldlt @)&)/)*/!* b]lv @!)%/)*/!& ;Dd hDdf #% jif{ /x]sf] 5 . nufgL lkmtf{ x'g] cjlw -Pay Back Period) ;DjGwL ljj/0f

;fwf/0f nufgL lkmtf{ x'g] cjlw (Normal Pay Back Period) &.%$ jif{ /x]sf] 5 / l8:sfp06df nufgL lkmtf{ x'g] cjlw (Discounted Pay Back Period) !$=@* jif{ /x]sf] 5 . nufgLdf x'g] hf]lvd ;DaGwL pb\3f]if0f M

lwtf]kqdf ul/g] nufgLdf hf]lvd x'g] ePsf]n] To:tf] hf]lvdsf] d"Nof+sg ug]{ k|d'v bfloTj nufgLstf{ :jo+sf] x'g]5 / lwtf]kqsf] lgisf;g d"Non] ;"rLs/0f kZrft lwtf]kq ahf/df x'g] sf/f]af/ d"No ghgfpg] x'Fbf o; ljj/0f kqsf] bkmf u -*_ df pNn]lvt hf]lvdx? ;d]tsf] cWoog u/]/ dfq nufgL ;DalGw lg0f{o lng ;'emfj ul/G5 .

lgodg lgsfosf] hjfkmb]xLtf g/xg] pb\3f]if0f M o; ljj/0f kqdf pNn]lvt lwtf]kq ;fj{hlgs lgisfzgsf nflu tof/ ul/Psf] xf] . o; ljj/0f kqnfO{ lwtf]kq ;DaGwL P]g, @)^# adf]lhd g]kfn lwtf]kq af]8{n] :jLs[lt k|bfg u/]sf] 5 . o;/L af]8{n]

ljj/0fkq :jLs[lt k|bfg u/]sf] sf/0faf6 s;}n] klg g]kfn lwtf]kq af]8{, sDkgL /lhi6«f/sf] sfof{no jf ;Dj4 cGo lgodg lgsfon] ljj/0f kqdf pNn]lvt s'/fsf] ;Totf jf lgisfzgstf{ jf cfof]hgfsf] cfly{s ;Ifdtfsf] af/]df s'g} k|sf/sf] k|Tofe"\t u/]sf] jf lhDd]jf/L lnPsf] dflgg] 5}g .

o; ljj/0f kq dfkm{t laqmL ljt/0f ul/g] z]o/x? ;j{;fwf/0fnfO{ lgisfzg u/]sf] z]o/ afF+8kmfF+6 ePsf] ldltn] tLg aif{ k"/f geP;Dd laqmL ljt/0f jf x:tfGt/0f ug{ kfOg] 5}g .

qm]l86 /]l6Ë ;DjGwL ljj/0f M o; ljj/0f kq dfkm{t lgisf;g ul/g] ;fwf/0f z]o/sf] ;fj{hlgs lgisf;g ug{sf nflu s]o/ /]l6+u g]kfn ln= af6 æs]o/ Pglk cfO{lkcf] u|]8 $+Æ k|df0fkq k|fKt u/]sf] 5 . æs]o/ Pglk cfO{lkcf] u|]8

$+Æ n] Below Average Fundamentals eGg] a'lemG5 . ;f] ;DaGwL ljj/0f o; ljj/0f kqsf] bkmf u=@@ -6_ df pNn]v ul/Psf] 5 .

qm]l86 /]l6Ë u|]8 k|bfg u/]sf] ldlt M @)&%.)@.!* -h'g !, @)!*_

g]kfn lwtf]kq af]8{af6 ljj/0f kqdf :jLs[lt k|fKt ldlt @)&%.)^.@( sDkgL /lhi6«f/sf] sfof{nodf ljj/0f kq btf{ ldlt @)&%.)&.!! lwtf]kq lgisf;g v'Nnf x'g] ldlt

klxnf] r/0f

sd{rf/L ;~ro sf]ifsf ;+rostf{x?sf] nflu ldlt M @)&%.)&.@* b]lv ldlt M @)&%.)*.!$ ;Dd

bf];|f] r/0f

sDkgLsf] ;+:yfks z]o/df nufgL ug]{ ;+:yfks ;+:yfsf sd{rf/Lx? tyf C0fbftf ;+:yf -sd{rf/L ;~rosf]if_sf sd{rf/Lx?sf] nflu ldlt @)&%.)*.!( b]lv ldlt @)&%.)*.@^ ;Dd .

1

v=!= ljj/0f kqdf k|of]u ePsf k|fljlws tyf cGo zAbfjnLsf] kl/efiff M

-s_ æljj/0f kqÆ eGgfn] lwtf]kq ;DaGwL P]g, @)^# sf] bkmf #) tyf sDkgL P]g, @)^# sf] bkmf @# cGtu{t k|sflzt ljj/0fx? ePsf]

k'l:tsfnfO{ ;Demg' kb{5 . -v_ ælwtf]kq lgisf;g tyf laqmL k|aGwsÆ eGgfn] Unf]an cfOPdO{ SofkL6nnfO{{ ;Demg' kb{5 . -u_ æsDkgLÆ eGgfn] lgisf;gstf{ sDkgL dWo ef]6]sf]zL hnljB't sDkgL lnld6]8nfO{ ;Demg' kb{5 . -3_ æ;+rostf{x?Æ eGgfn] C0f ;Demf}tf x'Fbfsf jvt cyf{t ldlt @)^*.)*.@@ df sfod /x]sf / ;f] kZrft\ of] ljj/0f kq :jLs[t ePsf]

ldltleqdf sd{rf/L ;~ro sf]ifdf ;+rostf{sf] ?kdf sfod /x]sf ;+rostf{ sd{rf/L ;Demg' kb{5 . -ª_ æC0f lbg] ;+:yfsf sd{rf/Lx?Æ eGgfn] sd{rf/L ;~rosf]ifdf ldlt @)^*.)*.@@ df jxfn /x]sf / ;f] ldltb]lv of] ljj/0f kq :jLs[t ePsf]

ldlt;Dd sfod ePsf sd{rf/LnfO{ ;Demg' kb{5 . -r_ æ;+:yfks ;+ul7t ;+:yfsf sd{rf/LÆ eGgfn] ;DjlGwt ;+ul7t ;+:yfdf ldlt @)^*.)*.@@ df jxfn /x]sf / ;f] ldltb]lv of] ljj/0f kq

:jLs[t ePsf] ldlt;Dd sfod ePsf sd{rf/LnfO{ ;Demg' kb{5 . -r_ æsDkgLsf sd{rf/Lx?Æ eGgfn] dWo ef]6]sf]zL hnlaB't sDkgL ln=sf kbflwsf/Lx? nufotsf sd{rf/Lx? ;Demg' kb{5 . -5_ æ;+sng s]Gb|Æ eGgfn] ;fj{hlgs lgisf;gsf] nflu tof/ ul/Psf] ljj/0f kq / b/vf:t kmf/d k|fKt ug{ ;lsg] tyf b/vf:t kmf/d ;fy /sd

a'emfpg ;lsg] u/L tf]lsPsf ;+:yfx?nfO{{ ;Demg' kb{5 . -h_ ælgisf;g a}+sÆ eGgfn] ;fj{hlgs lgisf;gaf6 ;+sng x'g cfPsf] /sdnfO{ hDdf ug{sf] nflu tf]lsPsf] a}+snfO{ ;Demg' kb{5. -´_ ælgodg lgsfoÆ eGgfn] g]kfn lwtf]kq af]8{ / sDkgL /lhi6«f/sf] sfof{nonfO{ ;Demg' kb{5 . -`_ æ;+:yfksÆ eGgfn] dWo ef]6]sf]zL hnljB't sDkgL lnld6]8sf] ;+:yfks z]o/wgL lrlnd] hnljB't sDkgL ln=, g]kfn ljB't k|flws/0f,

l;Gw'kfNrf]s xfO8«f]kfj/ sDkgL ln=, l;Gw' OGe]i6d]G6 sDkgL k|f=ln=, g]kfn c/lgsf] xfO8«f]kfj/ sDkgL k|f=ln=, tyf l;Gw' ef]6]sf]zL xfO8«f]kfj/ ln= ;Demg' kb{5 .

-6_ æ;~rfnsÆ eGgfn] dWo ef]6]sf]zL hnljB't sDkgL lnld6]8sf] ;~rfnsnfO{ ;Demg' kb{5 . -7_ æsfo{sf/L k|d'vÆ eGgfn] dWo ef]6]sf]zL hnljB't sDkgL lnld6]8sf] k|d'v sfo{sf/L clws[tnfO{ ;Demg' kb{5 . -8_ æAoj:yfkgÆ eGgfn] dWo ef]6]sf]zL hnljB't sDkgL lnld6]8sf] Aoj:yfkgnfO{ ;Demg' kb{5 . -9_ æaf]8{Æ eGgfn] g]kfn lwtf]kq af]8{nfO{{ ;Demg' kb{5 . -0f_ æ;x-lgisf;g tyf ljqmL k|aGwsÆ eGgfn] k|e' Soflk6n lnld6]8, sdnfbL, l;len Soflk6n dfs]{6 lnld6]8, nIdL Soflk6n dfs{]6 lnld6]8,

l;ljcfO{Pn Soflk6n lnld6]8, ;flgdf Soflk6n lnld6]8 / PgcfO{ljPn P; Soflk6n lnld6]8 -;Demf}tf x'Fbf P; Soflk6n ln= /x]sf]_ nfO{ ;Demg' kb{5 ।

v=@ ljj/0f kq tyf b/vf:t kmf/d k|fKt ug]{ / a'emfpg] :yfg M

l;=g+= sDkgLsf] gfd / 7]ufgf

!= lwtf]kq lgisf;g tyf laqmL k|aGws >L Unf]jn cfOPdO{ SofkL6n lnld6]8, hdn, sf7df8f}+ . b]xfo cg';f/sf ;x–lgisf;g tyf laqmL k|aGwsx? dfkm{t klg ljj/0f kq k|fKt ug{ jf x]g{ ;lsg] Joj:yf ul/Psf] 5 M

l;=g+= gfd, 7]ufgf ! k|e' Soflk6n lnld6]8, sdnfbL, sf7df8f}+@ l;len Soflk6n dfs]{6 lnld6]8, ;'Gwf/f, sf7df8f}+ # nIdL Soflk6n dfs{]6 lnld6]8, gofF afg]Zj/, sf7df8f}+$ l;ljcfO{Pn Soflk6n lnld6]8, l8NnLahf/, sf7df8f}+ % ;flgdf Soflk6n lnld6]8, gS;fn, sf7df8f}+ ^ PgcfO{ljPn P; Soflk6n lnld6]8, nflhDkf6, sf7df8f}+

-;Demf}tf x'Fbf P; Soflk6n ln= /x]sf]_

@= cf:jf ;]jfdf ;xefuL a}+s tyf ljQLo ;+:yfx?af6 ;Lcf:jf -CASBA_ k|0ffnL dfkm{t b/vf:t k|fKt ug{ / a'emfpg ;lsg]] 5 .

;fy} lgisf;g tyf laqmL k|aGwsx?sf] j]e;fO6 www.globalimecapital.com, ;x lgisf;g tyf ljqmL k|jGwsx?sf] j]e;fO6 qmdzM www.prabhucapital.com, www.civilcapitalmarket.com, www.laxmicapital.com.np, www.cbilcapital.com, www.sanima.capital, www.niblcapital.com tyf lgisfzgstf{ sDkgLsf] j]e;fO6 www.mbjcl.com.np P+jd g]kfn lwtf]kq af]8{sf] j]e;fO6 www.sebon.gov.np af6 ;d]t o; lgisf;gsf] nflu :jLs[t ljj/0f kq x]g{ ;Sg' x'g]5 . b/vf:t kmf/fd k|fKt ug]{ / b/vf:t a'emfpg] :yfgx? M

g]kfn lwtf]kq af]8{af6 cg'dlt lnO{ cf:jf (ASBA) ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfx?af6 ;Lcf:jf (CASBA) k|0ffnL dfkm{t cfj]bg lbg ;lsg]5 .

2

u=!=lwtf]kq lgisf;g tyf laqmL k|aGwssf] pb\3f]if0f M

xfdLnfO{ lgisf;gstf{ ;+ul7t ;+:yf tyf o;sf ;+:yfks/;~rfnsx¿n] pknAw u/fPsf] ljj/0f tyf hfgsf/Lx?sf] cfwf/df o; ;+:yfsf] Joj:yfksLo, k|fljlws / cfly{s kIfsf] ljZn]if0ffTds cWoogaf6 xfdL ;Gt'i6 x'g'sf] ;fy} ljj/0f kqdf n]lvPsf cfly{s ljj/0fx¿ / cGo hfgsf/L tYout, k"0f{ / ;xL b]lvPsfn] nufgLstf{x?nfO{ nufgL ;DaGwL lg0f{o lng d2t k'Ug] s'/fk|lt ljZj:t eO{ xfdLn] of] ljj/0f kq :jLs[ltsf nflu g]kfn lwtf]kq af]8{df lwtf]kq ;DaGwL P]g, @)^# / lwtf]kq btf{ tyf lgisf;g lgodfjnL, @)&# cg'?ksf] of]Uotf k'u]sf] k|lta4tfkq -Due Deligence Certificate_ k|:t't u/]sf 5f}+ .

u=@=;+ul7t ;+:yfsf] pb\3f]if0f M

u=@=s= ;+rfnssf] lhDd]jf/L tyf hjfkmb]lxtf ;DaGwL pb\3f]if0f M of] ljj/0f kq xfdLn] k'g/fjnf]sg u/L cg'df]bg u/]sf] x'gfn] o; ljj/0f kqdf pNn]v ul/Psf ljj/0f tyf hfgsf/Lx?sf ;fy} lgisf;g tyf laqmL k|aGwsnfO{ lbPsf] ljQLo ljj/0f, cGo ljj/0f, hfgsf/L tyf sfuhftx?sf ;Totf / z'4tf k|lt / lwtf]kq btf{ tyf lgisf;g cg'dlt k|of]hgsf nflu g]kfn lwtf]kq af]8{df k]z ul/Psf] ljj/0f kq / ;f] ;Fu ;DalGwt cGo ljj/0f tyf hfgsf/Lx?sf] z'4tf tyf ;Totfk|lt o; ljj/0f kqdf x:tfIf/ ug]{ xfdL ;~rfnsx? AolQmut jf ;fd"lxs ?kdf hjfkmb]lxtf axg ub{5f}+ / lwtf]kq lgisf;gsf nflu tf]lsPsf zt{ tyf cfjZostfx?sf] ;DaGwdf cfjZos hfgsf/L lnO{ xfdL of] pb\3f]if0f ub{5f}+ sL tf]lsPsf zt{ tyf cfjZostfx? ;a} kfngf u/]sf 5f}+ / nufgLstf{x?nfO{ nufgL ;DaGwL lg0f{o lng cfjZos s'g} ljj/0f, ;"rgf tyf hfgsf/Lx? n'sfPsf 5}gf}+ .

u=@=v= ;+ul7t ;+:yfsf] hjfkmb]lxtf ;DaGwL pb\3f]if0f M o; dWo ef]6]sf]zL hnljB't sDkgL lnld6]8n] k|sflzt u/]sf] ljj/0f kq, ;fj{hlgs k|:tfj, lj1fkg jf cGo s'g} ;"rgfdf pNn]v ePsf ljj/0f afx]s ;+ul7t ;+:yfsf] af/]df k|sflzt cGo s'g} ;"rgf jf hfgsf/Lsf] hjfkmb]xLtf ;+ul7t ;+:yfdf g/xg] / To:tf] ;"rgf, hfgsf/L jf ljj/0fsf] cfwf/df nufgL u/]df ;f] sf] hf]lvd nufgLstf{ :jo+n] axg ug'{kg]{5 .

u=@=u= lgodg lgsfosf] lgodg Aoj:yfsf] kfngf ;DaGwL pb\3f]if0f M k|rlnt sfg'g cg';f/ cfkm\gf] pBf]u÷Joj;fo÷;]jf;Fu ;DalGwt lgodg lgsfo -h:t}M sDkgL /lhi6«f/sf] sfof{no, g]kfn lwtf]kq af]8{ cflb_ sf] ;fj{hlgs lgisf;g tyf cGo lgodg Joj:yf tyf lgb]{zgx?sf] kfngf u/]sf] s'/fsf] pb\3f]if0f ub{5f} +. ;fy} ;fj{hlgs lgisf;g k|of]hgsf] nflu tof/ ul/Psf] ljj/0f kq / ;f] df plNnlvt ;Demf}tf jf cGo ljj/0fx? g]kfn lwtf]kq af]8{ / sDkgL /lhi6«f/sf] sfof{nodf k]z u/]sf 5f} +. ;fy} sDkgL /lhi6«f/sf] sfof{nodf cf=j= @)&#.&$ ;Ddsf] ljjj/0fx? k]z u/L pQm sfof{nosf] ldlt @)&$.!).!% sf] lg0f{ofg';f/ o; sDkgL cf=j= @)&#.&$ ;Ddsf] nflu cWofjlws ul/Psf] 5 .

u=@=3= ;+:yfks, ;+rfns tyf sfo{sf/L k|d'v ;DaGwL pb\3f]if0f M -!_ o; ;+ul7t ;+:yfsf] ;+:yfks, ;~rfns jf sfo{sf/L k|d'v shf{ ;"rgf s]Gb|sf] sfnf] ;"rLdf /x]sf 5}gg\ . -@_ o; ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v sfnf] ;"rLdf /x]sf] cGo ;+ul7t ;+:yfdf ;~rfns jf sfo{sf/L k|d'v /x]sf 5}gg\ . -#_ ;fj{hlgs lgisf;g dfkm{t ;j{;fwf/0faf6 k"FhL ;+sng u/L a]kQf ePsf jf ;+rfngdf g/x]sf jf nufgLstf{x¿sf] lxt ljk/Lt x'g] sfo{ u/]sf]

;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v o; sDkgLsf] ;~rfns jf sfo{sf/L k|d'v 5}gg\ . -$_ lwtf]kq ;DaGwL sfg'g ljk/Lt sfo{ u/]sf] sf/0f lwtf]kq ahf/ jf lwtf]kq Aoj;foLsf] cg'dltkq vf/]h ePsf] bz jif{ k"/f gePsf] ;+ul7t

;+:yfsf] ;~rfns jf sfo{sf/L k|d'v o; sDkgLsf] ;~rfns jf sfo{sf/L k|d'v 5}gg\ . -%_ o; ;+ul7t ;+:yfsf] ;~rfns jf sfo{sf/L k|d'v lwtf]kq ;DaGwL P]g, @)^# sf] bkmf !)* adf]lhd ;~rfns jf sfo{sf/L k|d'v cof]Uo /x]sf

5}gg\ .

3

u=#= ;+ul7t ;+:yf ;DaGwL hfgsf/L M

u=#=s= ;+ul7t ;+:yfsf] k[i7e"ld M

-s_ ;+:yfsf] gfd M dWo ef]6]sf]zL hnljB't sDkgL lnld6]8 (Madhya Bhotekoshi Jalavidyut Company Limited) -v_ ;+:yf s'g P]g cGtu{t :yflkt ePsf] ;f] s'/f M sDkgL P]g, @)^# cGtu{t :yflkt . -u_ ;+:yfsf] /lhi68{ 7]ufgf M o; sDkgLsf] /lhi68{ sfof{no sf7df08f} lhNnf sf=d=g=kf=j8f g+=#, dxf/fhu+h, sf7df8f}+df /x]sf] 5 . -3_ sf/f]jf/ ug]{ d'Vo :yfg M o; sDkgLsf] sf/f]jf/ ug]{ d'Vo :yfg sDkgLsf] /lhi68{ sfof{no sf=d=g=kf= j8f g+=#, dxf/fhu+h, sf7df8f}+ /

sDkgLsf] cfof]hgf sfof{no / hnljB't s]Gb| l;Gw'kfNrf]s lhNnf ;fljs uflt -afXla;] g=kf= %_ / dfld{ª uf=lj=;= -ef]6]sf]zL uf=kf= %_ df kb{5 . o; sDkgLsf] sf/f]jf/ ug]{ :yfg sf7df08f}+ lhNnf sf7df08f}+ dxfgu/kflnsf /x]sf] 5 .

-ª_ ;+ul7t ;+:yfsf] :yfkgfsfnb]lv xfn;Ddsf] ;+lIfKt Oltxf; / ;+ul7t ;+:yfsf] d'Vo p2]Zox?M

;+ul7t ;+:yfsf] :yfkgfsfnb]lv xfn;Ddsf] ;+lIfKt Oltxf; b]xfo adf]lhd /x]sf] 5 M -!_ dWo ef]6]sf]zL hnljB't sDkgL lnld6]8 k|rlnt sfg'g adf]lhd @)^& ;fn >fj0f !# ut] sDkgL /lhi6«f/sf] sfof{nodf btf{ ePsf] xf] . o;

sDkgLsf] hnljB't cfof]hgf l;Gw'kfNrf]s lhNnfsf] ;fljs uflt -afXla;] g=kf= %_ / dfld{ª uf=lj=;= -ef]6]sf]zL uf=kf= %_ df /x]sf] 5 . -@_ sDkgLdf xfn lrlnd] hnljB't sDkgL ln=, g]kfn ljB't k|flws/0f, l;Gw'kfNrf]s xfO8«f]kfj/ sDkgL ln=, l;Gw' OGe]i6d]G6 sDkgL k|f=ln=, g]kfn

c/lgsf] xfO8«f]kfj/ sDkgL k|f=ln= / l;Gw' ef]6]sf]zL xfO8«f]kfj/ ln= ;+:yfks z]o/wgL /x]sf 5g\ . sDkgLsf] k|jGwkq tyf lgodfjnL cg';f/ hf/L k"FhLsf] #& k|ltzt lrlnd] hnljB't sDkgL lnld6]8nfO{, !) k|ltzt g]kfn ljB't k|flws/0fnfO{, ! k|ltzt l;Gw'kfNrf]s xfO8«f]kfj/ sDkgL ln= nfO{, ! k|ltzt l;Gw' OGe]i6d]G6 sDkgL k|f=ln=nfO{, ! k|ltzt g]kfn c/lgsf] xfO8«f]kfj/ sDkgL k|f=ln=nfO{ / ! k|ltzt cfof]hgfdf 3/hUuf k/L clt k|efljt dflgPsf 3/kl/jf/af6 u7g ePsf] sDkgL l;Gw' ef]6]sf]zL xfO8«f]kfj/ lnld6]8nfO{, ! k|ltzt C0fbftf ;+:yf -sd{rf/L ;~ro sf]if_sf sd{rf/Lx?nfO{, #=% k|ltzt ;+:yfks z]o/wgL ;+:yfsf sd{rf/Lx?nfO{, !(=% k|ltzt sd{rf/L ;~rosf]ifsf ;+rostf{x?nfO{, !) k|ltzt cfof]hgf k|efljt :yflgo af;Lx?nfO{ / !% k|ltzt ;j{;fwf/0fnfO{ lgisf;g tyf afF8kmfF6 ug]{ Joj:yf /x]sf] 5 .

#_ ;+ul7t ;+:yfn] @)^* sflQs @* ut] g]kfn ljB't k|flws/0f;Fu ljB't vl/b ljqmL ;Demf}tf u/]sf] 5 . To:t} lgdf{0f sfo{ k"j{sf d'Vo sfo{

k|flKtx? M !_ cfof]hgf ;j]{If0f cg'dlt k|fKt ldltM @)^&.!@.@% @_ ljB't k|;f/0f nfO{g ;j]{If0f cg'dltkq k|fKt ldlt @)&@.)@.!@ / o;sf] cjlw ldlt @)&^.)@.!! ;Ddsf] nflu gljs/0f ePsf] . #_ C0f ;Demf}tf -sd{rf/L ;~rosf]if, lrlnd] hnljB't sDkgL / ;+ul7t ;+:yf ljr ePsf] lqklIfo ;Demf}tf_ ldltM @)^*.)*.@@ $_ jftfj/0fLo k|efj d"NofÍg k|ltj]bg :jLs[t ldltM @)&).)&.@^ %_ ljB't pTkfbg cg'dlt kq k|fKt ldlt @)&).)*.!* ^_ ljB't vl/b ljqmL ;Demf}tf ldlt @)^*.)&.@* / &_ ljB't pTkfbg cg'dlt axfn /xg] cjlw @)&).)*.!* b]lv @!)%.)*.!& ;Dd /x]sf] 5 .

-$_ !)@ d]ufjf6 Ifdtfsf] dWo ef]6]sf]zL hnljB't cfof]hgfsf] lgdf{0f sfo{ ldlt @)&) df3 @* af6 k|f/De ePsf] / l;Gw'kfNrf]s lhNnfdf kg]{ ef]6]sf]zL gbL ljB't pTkfbgsf] nflu cfjZos k|d'v hn;|f]tsf] ?kdf /x]sf] 5 .

-%_ o; sDkgLn] lgdf{0f u/L ;+rfngdf NofPsf] dWo ef]6]sf]zL hnljB't cfof]hgfsf] nfut k|lt d]ufjf6 sl/a ?=!^),*@&,))).– /x]sf] 5 . cfof]hgfsf] ;fwf/0f nufgL lkmtf{ x'g] calw (Normal Pay Back Period) &=%$ jif{ /x]sf] 5 l8:sfp06df nufgL lkmtf{ x'g] cjlw (Discounted Pay Back Period) !$=@* jif{ /x]sf] 5 .

-^_ cfof]hgfsf] ;+lIfKt k|fljlws ljj/0fx? lgDgfg';f/ /x]sf] 5 M cfof]hgf :yn M jfUdtL c~rn, l;Gw'kfNrf]s lhNnf, ;fljs uflt÷dfld{ª uf=lj=;= -xfn afXla;] g=kf= % / ef]6]sf]zL uf=kf= %_ >f]t gbL M ef]6]sf]zL gbL, l;Gw'kfNrf]s lhNnf cfof]hgfsf] lsl;d M /g ckm l/e/ l8hfOg l8:rfh{ M %)=*) 3g ld6/ k|lt ;]s]08 pTkfbg x'g] OghL{ M %$@ u]ufjf6 cfj/ -jflif{s_ cfof]hgfsf] pTkfbg Ifdtf M !)@ d]ufjf6 u|; x]8 M @#% ld6/ 8fOe;{g afFw M nDafO{ ^%=% ld6/, prfO{ !! ld6/ 8fOe;{g ;'?Ë M nDafO{ ##) ld6/, Aof; ^ ld6/ l8:ofG8LË j]l;g M !)) ld= nDafO{ x !# ld= rf}8fO{ ld= x *=% ld= prfO{sf] tLg j6f RofDj/x? x]8/]; ;'?Ë M nDafO{ &,!@$ ld6/, Aof; %=& ld6/ e'ldut k]g:6s M nDafO{ &#) ld6/, Aof; #=^ ld6/ kfj/xfp; M nDafO{ &!=&$ ld6/, rf}8fO{ !#=% ld6/, prfO{ #% ld6/ 6jf{Og k|mflG;; M #$ d]ufjf6sf] tLg j6f h]g]/]6/ M # x $) MVA pTkfbg z'? x'g] ldlt M h'g #), @)!( -@)&^ c;f/ !% ut]_ cfof]hgfsf] xfnsf] cg'dflgt nfut -lgdf{0f cjlwsf] Aofh ;lxt_ M !^,$)$,#$*,))).– -;f]x| ca{ rfln; s/f]8 lqrfln; nfv c7\rfln;

xhf/ dfq_

;+ul7t ;+:yf / g]kfn ljB't k|flws/0fsf aLr ;DkGg ljB't vl/b–laqmL ;Demf}tfsf d'Vo–d'Vo aF'bfx¿ lgDg adf]lhd /x]sf 5g\ .

-!_ sDkgLn] lgdf{0ffwLg cfof]hgfaf6 pTkfbg x'g] ljB't v/Lb ljqmLsf nflu g]kfn ljB't k|flws/0f;Fu ldlt @)^*.)&.@* df ;Demf}tf ePsf] 5 . pQm ;Demf}tf adf]lhd g]kfn ljB't k|flws/0fn] Jofkfl/s pTkfbg z'? x'g] ldltb]lv x/]s dlxgf sDkgLn] cfof]hgfaf6 pTkfbg u/L pknAw u/fPsf] sG6«ofS6 OghL{sf] kl/df0f;Ddsf] phf{ vl/b jfkt jiff{ ofddf k|lt ls=jf= 306f ?=$.*) -rf/ ?k}of c;L k};f dfq_ / ;'Vvf ofddf k|lt ls=jf= 306f ?=*.$) -cf7 ?k}of rfln; k};f dfq_ ljB't vl/b b/n] x'g cfpg] /sd sDkgL jf bkmf #$ cg';f/sf] cu'jf a}+s jf ljQLo

4

;+:yf -sd{rf/L ;~rosf]if_ nfO{ a'emfpg]5 . ;fy} Jofkfl/s pTkfbg z'? x'g] ldltaf6 Ps jif{ k'u]sf] dlxgfsf] nuQ} kl5sf] dlxgfb]lv nfu' x'g] ul/ jif{sf] # -tLg_ k|ltztsf b/n] * -cf7_ k6s;Dd d"Noa[l4 lbO{ lgDg tflnsf cg';f/ ljB't phf{ v/Lb b/ sfod ul/Psf] 5 .

cjlw -Jofkfl/s pTkfbg z'? x'g] ldlt (COD) sfod ePsf] dlxgf nuQ} kl5sf] dlxgfnfO{ klxnf] dlxgf dfgL cjlw u0fgf x'g] u/L_

;'Vvf ofd -kf}ifb]lv r}q ;Dd ?= k|lt o'lg6_

jif{f ofd -a}zfvb]lv dfu{ ;Dd ?=k|lt o'lg6_

klxnf] dlxgf b]lv !@ cf}+ dlxgf;Dd *.$) $.*)

!# cf} dlxgfb]lv @$ cf}+ dlxgf;Dd *.^% $.($

@% cf} dlxgfb]lv #^ cf}+ dlxgf;Dd *.(! %.)(

#& cf} dlxgfb]lv $* cf}+ dlxgf;Dd (.!* %.@%

$( cf} dlxgfb]lv ^) cf}+ dlxgf;Dd (.$% %.$)

^! cf} dlxgfb]lv &@ cf}+ dlxgf;Dd (.&$ %.%^

&# cf} dlxgfb]lv *$ cf}+ dlxgf;Dd !).)# %.&#

*% cf} dlxgfb]lv (^ cf}+ dlxgf;Dd !).## %.()

(& cf} dlxgfb]lv ;Demf}tf cjlw;Dd !).^$ ^.)*

t/ Aofkfl/s pTkfbg z'? x'g'kg]{ ldltsf] t'ngfdf Jofkfl/s pTkfbg z'? x'g] ldlt l9nf] x'g uPdf lgDgfg';f/ jflif{s d"Noj[l4 lbOg]5 M s_ Aofkfl/s pTkfbg z'? x'g'kg]{ ldltsf] t'ngfdf Aofkfl/s pTkfbg z'? x'g] ldlt !@ dlxgfeGbf a9L @$ dlxgf;Dd l9nf] x'g uPdf hDdf &

j6f dfq d"No j[l4 lbOg]5 . v_ Aofkfl/s pTkfbg z'? x'g'kg]{ ldltsf] t'ngfdf Aofkfl/s pTkfbg z'? x'g] ldlt @$ dlxgfeGbf a9L #^ dlxgf;Dd l9nf] x'g uPdf hDdf ^

j6f dfq d"No j[l4 lbOg]5 . u_ Aofkfl/s pTkfbg z'? x'g'kg]{ ldltsf] t'ngfdf Aofkfl/s pTkfbg z'? x'g] ldlt #^ dlxgfeGbf a9L l9nf] x'g uPdf hDdf % j6f dfq d"No

j[l4 lbOg]5 . -@_ g]kfn ljB't k|flws/0fn] cltl/Qm phf{ (Excess Energy) sf] xsdf ljB't vl/b lalqm ;Demf}tfsf] bkmf !@=! cg';f/sf] vl/b b/sf] %) k|ltzt

b/df sDkgLn] ljlnË ug]{ / k|flws/0fn] e'QmfgL ug]{5 . -#_ dfl;s ljlnË ubf{ sDkgLn] k|flws/0faf6 ljB't phf{ lnPsf] b]lvPdf ljB't phf{ lng] ef]N6]h n]ensf] Aofkfl/s ju{sf u|fxsx?nfO{ nfu" x'g]

k|flws/0fsf] k|rlnt Normal hour sf] ljB't dxz'n b/n] phf{ z'Ns dfqsf] lx;fj u/L cfpg] /sd dfq sDkgLn] k|flws/0fnfO{ e'QmfgL ug]{5, jf ;f] /sd dfl;s ljln+udf ;dfof]hg ul/g]5 .

-$_ Aofkfl/s pTkfbg z'? ug{' kg]{ ldlt cufj} s'g} klg pTkfbg OsfO{sf] k/LIf0f sfo{ cfk;L ;xdltdf ;DkGg eO{ ljB't pTkfbg x'g ;Sg] cj:yf ePdf k|flws/0fn] cfˆgf] Existing u|L8 k|0ffnLdf k|jfx x'g] ;Ddsf] ljB't phf{ cfjZostf cg';f/ Dispatch Instruction hf/L u/L cfof]hgfaf6 lng ;Sg]5 . o;/L ljB't lnP jfkt bkmf !@=! / !@=@ df tf]lsPsf] d"Nodf k|flws/0fn] sDkgLnfO{ e'QmfgL ug]{5 .

cfof]hgfsf] xfnsf] cj:yf nufot ljleGg sfo{x¿sf] ldlt @)&% >fj0f d;fGt;Ddsf] k|ult ljj/0f

qm=;+= sfo{ xfnsf] cj:yf

! n6 g+= !M l;len tyf xfO8«f]d]sflgsn sfo{

n6 g+= ! cGtu{tsf] l;len tyf xfO8«f]d]sflgsn sfo{nfO{ ^) j6f Milestones df ljefhg ul/Psf] 5 . o;sf] ;fy} Contract df Tunnel, Surge Tank tyf Penstock / Powerhouse Slope sf] support sf] nflu BOQ sf] klg 5'§} Joj:yf ul/Psf] 5 . xfn ;Dd cfof]hgf sfo{fGjogsf] cj:yf lgDgfg';f/ 5 .

qm=;+= sfo{sf] ljj/0f k|ult ! Headrace Tunnel 1 $&=!(% ;DkGg . @ Headrace Tunnel 2 %&=&@% ;DkGg . # Tunnel 3 &$=&&% ;DkGg . $ Vertical Penstock Shaft Pilot Shaft sf] sfo{ z'? . % Surge Tank Pilot Shaft sf] sfo{ ;DkGg . ^ Diversion Tunnel sfo{ ;DkGg . & Powerhouse Slope Excavation tyf Support sf] sfo{ ;DkGgÙ

Auxiliary Powerhouse sf] Raft Concreting

;DkGg u/L slab sf] sfo{ eO/x]sf] . * Headworks Slope Excavation tyf Support sf] sfo{ ;DkGg

eO{ Foundation Excavation sfo{sf] tof/L .

@ n6 g+= @ M On]S6«f]d]sflgsn sfo{

xfn n6 g+= @ cGtu{tsf] On]S6«f]d]sflgsn sfo{sf] Design, Drawing submission sf] ;fy} Approval ePsf] Design, Drawing x?sf] cfwf/df Electromechanical Equipment x? lgdf{0f eO{ cfof]hgf :yndf delivery ug{] sfo{ eO/x]sf] 5 . xfn ;Dd 7]Ssf ;Demf}tf ePsf Electomechanical ;DaGwL ljleGg Equipement x¿ dWo]: Drafttube elbow / First stage embedment parts, Earthing Mat, Powerhouse EOT Crane, Generator Stator Frame, Generator Auxiliary parts, Spiral casing x¿ cfof]hgf :yndf k'lu;s]sf] cj:yf 5 . o;} u/L Turbine Runner sf] lgdf{0f eO{ inspection sf] stage df /x]sf] 5 . Oil Pressure Unit, Compressor Systemx? cfof]hgf :yndf df k'lu;s]sf] cj:yf 5 . ODC Consignment cGtu{tsf] dfn;fdfg h:t} Turbine Shaft, Intermediate Shaft, Generator Shaft, MIV, Stator x? cfof]hgf :yndf delivery eO;s]sf] 5 .

5

# k|;f/0f nfOg sfo{ o; cGtu{t dWo ef]6]sf]zL hnljB't cfof]hgfsf] kfj/ xfp;af6 g=lj=k|f sf] k|:tfljt afx|lj;] xj;Ddsf] sl/a $ ls=ld= nfdf] @@) s]=eL= l;+un ;ls{6 6«fG;ld;g nfOg cWoog Pj+ ;e{]sf] sfo{ ;DkGg ePsf] 5 . k|;f/0f nfOgsf] IEE (Initial Environment Examination) sfo{ ug{sf] nflu tof/ ul/Psf] TOR ph{f dGqfnoaf6 :jLs[t eO;s]sf] / IEE k|ltj]bg;d]t :jLs[ltsf] k|lqmofdf /x]sf] 5 . k|;f/0f nfOg lgd{f0f sfo{sf] nflu ldlt @)&%.)$.!! -h'nfO{ @&, @)!*_ df 7]s]bf/ sDkgL >L Urja-AC JV, Lalitpur, Nepal ;Fu 7]Ssf ;+emf}tf ePsf] 5 .

$ lgd{f0f ;'kl/j]If0f k/fdz{ ;]jf

cfof]hgf Joj:yfkg / lgd{f0f ;'kl/j]If0f sfo{ Lahmeyer International in Association with Total Management System af6 eO/xsf] 5 .

% ejgx¿ lgd{f0f cfof]hgf lgd{f0f :yndf sDkgL :6fkm / k/fdz{bftfx¿sf] nflu cfjZos !) ejgx¿sf] ;Dk"0f{ lgd{f0f sfo{ ;DkGg ePsf] 5 . oL ejgx¿ sDkgL / k/fdz{bftf sd{rf/Lx¿sf] nflu cfjf; tyf clkm;sf] nflu k|of]udf NofOPsf] 5 .

^ 8fOe;{g /f]8 cfof]hg lgd{f0fsf] nflu kfj/ xfp;If]qdf c/lgsf] /fhdfu{sf] sl/a ##) ld6/ efu 8fO{e;{g ug{' kg{] ePsf]n] ef]6]sf]zL gbLdf @ j6f a]nLa|Lh lgd{f0f u/L c:yfoL¿kdf lgd{f0f cjlwsf] nflu 8fO{e;{g /f]8 lgd{f0f ul/Psf] 5 .

& hUuf clwu|x0f cfof]hgfsf] ;+/rgfx¿sf] lgd{f0fsf] nflu hUuf clwu|x0f sfo{sf] k|lqmof cGtu{t xfn ;Dd (*=&(Ü hUufsf] d'cfAhf lbO;lsPsf] 5 . o;} u/L k|;f/0f nfOg lgd{f0fsf] nflu cfjZos hUuf clwu|x0fsf] nflu k|f/lDes sfo{ z'? ul/Psf] 5 .

* ;/sf/L jg If]qsf] :jLs[lt

cfof]hgf lgd{f0fsf] nflu cfjZos kg{] uf}/Lz+s/ ;+/If0f If]qsf] $=%* x]S6/ / ;fd'bflos jgx¿ /x]sf] !)=!! x]S6/ u/L s'n !$=^( x]S6/ ;/sf/L jg If]q / ;f] df /x]sf] ?v la?jf s6fgsf] lgldQ g]kfn ;/sf/ dlGqkl/ifb\sf] ldlt @)&$.)&.@& sf] lg0f{oaf6 :jLs[lt k|fKt ePsf] 5 . ;f] lg0f{o sfo{fGjogsf] nflu ldlt @)&$.)(.)^ ut]sf lbg o; sDkgL Pj+ jg ljefu / /fli6«o lgs'~h tyf jGohGt' ;+/If0f ljefu aLr ;/sf/L jg If]qsf] k|of]u / ;f] df /x]sf] ?v la?jf s6fgsf] lgldQ lqkIfLo ;Demf}tf ePsf] 5 .

cfof]hgfsf] ;du| k|ult k|ltzt cfof]hgfsf] cBfjlws nfut cg'dfgsf] /sd ?=!$ ca{ *# s/f]8 (@ nfvsf] cfwf/df @)&% >fj0f d;fGt;Dd lgdf{0f cjlwsf] Aofhafx]s /sd ?= % ca{ ^( s/f]8 @# nfv vr{ ePsf] 5 . ;f] cg';f/ cfof]hgfsf] ;du| k|ult k|ltzt #*=#^% /x]sf] .

sDkgLsf] k|aGwkqsf] bkmf $ cg';f/ sDkgLsf] d'Vo p2]Zox¿ b]xfo adf]lhd /x]sf 5g\ . -!_ k|rlnt sfg'g adf]lhd cg'dltkq k|fKt u/L l;Gw'kfNrf]s lhNnfsf] ef]6]sf]zL vf]nfdf pknAw hn>f]t pkof]u u/L dWo ef]6]sf]zL

hnljB't cfof]hgf lgdf{0f, ;+rfng / Aoj:yfkg ug]{ / pQm cfof]hgfaf6 pTkflbt ljB't ljqmL ug]{ . -@_ ;DefJo hnljB't cfof]hgfsf] klxrfg u/L cg'dltkq k|fKt u/L ;j]{If0f, lgdf{0f, ;+rfng / Aoj:yfkg ug]{ / tL cfof]hgfx?af6

pTkflbt ljB't zlQm ljqmL ug]{ . -#_ ljleGg hnljB't cfof]hgfx?sf] ;j{]If0f, lgdf{0f, ;+rfng / Aoj:yfkg ug{ cGo sDkgL;Fu ldnL nufgL ug]{ jf gofF sDkgL :yfkgf u/L

;f] sfo{ ug]{ . -$_ pTkflbt ljB't zlQm ljqmL ljt/0fsf lgldQ cfjZostf cg';f/ ;j:6]zg tyf k|zf/0f nfO{gx? lgdf{0f ug]{ / /fli6«o k|;f/0f k|0ffnL;Fu

hf]8L ljqmL ljt/0f ug{ cfjZos Joj:yf ug]{ . -%_ pTkflbt hnljB't zlQm g]kfn ;/sf/ jf s'g} ;+ul7t ;+:yfnfO{ Psd'i6 ljqmL ug]{ jf k|rlnt sfg'gsf] clwgdf /xL cfkm\g} k|;f/0f

nfOg ljsf; u/L jf cGo lgsfosf] k|;f/0f nfOg k|of]u u/L pkef]Qmfx?nfO{ ljqmL ljt/0f ug]{ . -^_ pTkflbt ljB't g]kfn ;/sf/ jf cGo s'g} ;+ul7t ;+:yfnfO{ Psd'i6 ljqmL ug]{ ;DaGwdf ;Demf}tf ug]{ . -&_ k|rlnt sfg'g adf]lhd :jLs[lt lnO{ pTkflbt hnljB't ljb]zdf lgof{t ug]{ . -*_ hnljB't cfof]hgfsf] klxrfg, ;j]{If0f, lgdf{0f, ;+rfng / Aoj:yfkg;Fu ;DjlGwt / ;xfos x'g] cGo cfjZos sfd ug]{, u/fpg].

-r_ ;+ul7t ;+:yfsf] s'g} ;xfos sDkgL ePdf ;f] ;xfos sDkgLsf] gfd, Oltxf; / To;sf d'Vo p2]Zox?sf ;fy} To;df ePsf] nufgLsf] c+z -k|ltztdf_ M ;f] gePsf] .

-5_ b]xfosf s'/fx? ;d]t pNn]v ug'{ kg]{ -nfu' x'g] xb;Dd_ M -!_ ;+ul7t ;+:yfn] pTkfbg ug]{ j:t' jf k|bfg ug]{ ;]jfx? M hnljB't cfof]hgfsf] lgdf{0f, ;+rfng / Aoj:yfkg ug]{ . -@_ k|of]u ePsf] jf ul/g] k|ljlw M l;Gw'kfNrf]s lhNnfdf /x]sf] ef]6]sf]zL gbLsf] kfgL pkof]u u/L hnljB't phf{ pTkfbg ug{ x]8jS;{df

8fOe;{g afFw, l8:oflG8ª a]l;g, x]8/]; ;'?ª, ;h{ 6}+s, k]g:6s, ljB'tu[x cfbL ;+/rgf /x]sf 5g . cfof]hgfaf6 !)@ d]=jf= ljB't pTkfbg ug{ ljB'tu[xdf #$ d]=jf= sf # j6f k|mflG;; 6jf{Og / $) Pd=eL=P sf # j6f h]g]/]6/ h:tf pks/0fx?sf] k|of]u ul/Psf] 5 .

#_ s'g} a||fG8g]d, k|ltlnlk clwsf/, 6«]8dfs{, Ohfhtkq, k|fljlws ;xof]u ;Demf}tf / ;+ul7t ;+:yf;Fu ;DalGwt af}l4s ;DklQ xs clwsf/ M ;f] gePsf] .

-$_ ;+ul7t ;+:yfn] cf]u6]sf] ahf/ If]q M pTkflbt laB't /fli6«o ljB't k|0ffnL dfkm{t g]kfn ljB't k|flws/0fnfO{ ljqmL ug]{ . -%_ gofF pTkfbg tyf ;]jf ;DaGwL of]hgf M sDkgLn] Psn ?kdf tyf cfkm\gf] sfo{If]q ;'xfpFbf] b]zleq tyf aflx/sf ljleGg

sDkgLx¿;Fusf] ;+o'Qm nufgLdf cfkm\gf] p2]Zo k|flKtsf nfuL Aoj;flos ?kdf ;DefAo b]lvPsf gofF hnljB't cfof]hgfx?sf] cWoog tyf lgdf{0fdf nufgL u/L g]kfnsf] hnlaB't If]qdf Ps cu|0fL sDkgLsf] ?kdf ljsf; ug]{ .

-̂ _ pTkfbg tyf ;]jfsf] k|d'v ahf/ / To;sf] dfu / laqmL ljt/0fsf] tl/sf M sDkgLn] pTkfbg ug]{ ljB't g]kfn ljB't k|flws/0f;Fu ePsf] ljB't vl/b laqmL ;D´f}tf cg';f/ /fli6«o ljB't k|;f/0f nfOg dfkm{t ljt/0f ug]{ Joj:yf ldnfO{Psf] 5 .

-&_ pTkfbg÷;+rfng Ifdtf / ;f] sf] pkef]u l:ylt M sDkgLaf6 lgdf{0fflwg dWo ef]6]sf]zL hnljB't cfof]hgfsf] pTkfbg Ifdtf !)@ d]ufjf6 /x]sf] / pTkfbg x'g] ;j} ljB't g]kfn ljB't k|flws/0fnfO{ /fli6«o ljB't k|;f/0f nfOg dfkm{t ljqmL ljt/0f ul/g]5 . cfof]hgfsf] lgdf{0f ;DkGg x'g] ldlt #) h'g @)!( -@)&^ c;f/ !%ut]_ /x]sf] 5 .

-*_ sRrf kbfy{sf] >f]t, lsl;d / pknAwtf M jfudtL c~rnsf] l;Gw'kfNrf]s lhNnfsf] ef]6]sf]zL gbLsf] kfgL . -(_ u'0f lgoGq0fsf] nflu ul/Psf] Joj:yf M cfof]hgfsf] lgdf{0f cjlwdf ug'{kg]{ u'0f lgoGq0fsf nflu ljb]zL k/fdz{bftf lgo'Qm u/L lgh

dfkm{t ;Dk"0f{ lgdf{0f sfo{sf] cg'udg tyf lgoGq0f eO/x]sf] 5 . -!)_ cg';Gwfg tyf ljsf; M sDkgLsf] :yfkgf eP kZrft\ cfkm\gf] p2]Zo cg';f/ !)@ d]ufjf6 Ifdtfsf] dWo ef]6]sf]zL hnljB't

cfof]hgfsf] cWoog÷cg';Gwfg k'/f u/L xfn ;f] cfof]hgfsf] ljsf;÷lgdf{0f e}/x]sf] 5 . -!!_ ljut !@ dlxgfsf] cjlwdf ;+:yfsf] ;+rfngdf c;/ kg]{ u/L ePsf] jfwf, Jojwfg M ljut !@ dlxgfsf] cjlwdf sDkgLsf] ;+rfngdf

c;/ kg]{ u/L s'g} jfwf Aojwfg g/x]sf] .

6

-!@_ dhb'/ ;+u7g;Fusf] ;DaGw / ljutdf s'g} cf}Bf]lus ljjfb ePsf] eP, ;f] ;DaGwL ljj/0f M ;f] gePsf] . -!#_ ahf/, k|lt:kwf{ / cGo ;dfg pBf]ux? aLr ;+ul7t ;+:yfsf] l:ylt M sDkgL4f/f lgdf{0fflwg cfof]hgfaf6 ljB't pTkfbg eP kZrft\

Psdfq v/Lbstf{ g]kfn ljB't k|flws/0f /xg] u/L ljB't v/Lb ljqmL ;Demf}tf ePsf] . -!$_ k|d'v u|fxsx?sf] ljj/0f -h:t}–;+:yfsf] s"n jflif{s sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] jf Joj;fosf] nflu ;+ul7t ;+:yf

s'g} k|d'v u|fxs;Fu lge{/ 5 eg] t\t;DaGwL ljj/0f M sDkgL / g]kfn ljB't k|flws/0f aLr ljB't vl/b laqmL ;D´f}tf ePsf]n] k|d'v u|fxssf] ?kdf g]kfn ljB't k|flws/0f /x]sf] 5 .

-!%_ k|d'v ;Knfo;{x?sf] ljj/0f -h:t}–;+:yfsf] s"n sf/f]af/df !)Ü jf ;f] eGbf a9Ln] of]ubfg ug{] ;Knfo;{ jf Joj;fosf] nflu ;+ul7t ;+:yf s'g} k|d'v ;Knfo;{;Fu lge{/ 5 eg] t\t;DaGwL ljj/0f_ Mcfof]hgf xfn lgdf{0fflwg cj:yfdf /x]sf] / lgdf{0f ;DkGg ug{sf nflu lgDg adf]lhdsf ;+:yfx?;Fu 7]Ssf ;Demf}tf eO{;s]sf] M s_ cfof]hgfsf] k/fdz{ ;]jf sfo{sf nflu k/fdz{bftf nfDx]/ OG6/g]zgn lh=Pd=la=Pr, hd{gL;Fu ldlt @)^(.)&.!( df 7]Ssf

;Demf}tf eO{ sfo{ ;Dkfbg ub}{ cfO{/x]sf] . v_ cfof]hgfsf] n6 !M l;len tyf xfO8«f] d]sflgsn sfo{sf nflu 7]s]bf/ >L rfOgf O{gh{L{ OlGhlgol/+u u'|k Uj+fU;L xfO8«f]On]lS6«s

sG:6«s;g Ao'/f] s+= ln=, rfOgf;Fu ldlt @)&).)(.!& df 7]Ssf ;Demf}tf eO{ xfn lgdf{0f sfo{ eO{/x]sf] . u_ cfof]hgfsf] n6 @M On]S6«f]d]sflgsn sfo{sf 7]s]bf/ PlG8«h xfO8«f] k|fOe]6 lnld6]8, ef/t;Fu ldlt @)&!.)#.@^ df 7]Ssf ;Demf}tf

eO{ xfn lgdf{0f sfo{ eO{/x]sf] . 3_ cfof]hgfsf] 6«fG;ld;g nfO{g lgdf{0f sfo{M cfof]hgfsf] ljB't u[x b]lv g]kfn ljB't k|flws/0fsf] k|:tfljt afx|la;] ;a :6];g;Dd

sl/a $ ls=ld= nDafO{sf] @@) s]eL l;+un ;ls{6 6«fG;ld;g nfO{g lgdf{0fsfo{sf] nflu 7]s]bf/ sDkgL >L phf{–P;L h]eL, nlntk'/, g]kfn;Fu ldlt @)&%.)$.!! -h'nfO{ @&, @)!*_ df 7]Ssf ;Demf}tf ePsf] 5 .

u=#=v= ;DklQsf] ljj/0f M

-s_ ;+ul7t ;+:yfsf] pks/0f -KnfG6_ tyf cGo ;DklQ /x]sf] :yfg / pks/0f tyf ;DklQsf] cj:yf M xfn sDkgL cGt{utsf] dWo ef]6]sf]zL hnljB't cfof]hgfsf] lgdf{0f sfo{ e}/x]sf] 5 . xfn;Dd sDkgLsf] gfddf ;[hgf e} ;s]sf] rn crn ;DklQsf] ljj/0f b]xfo adf]lhd /x]sf] 5 .

-cfly{s jif{ @)&#.&$ sf] n]vf kl/If0f k|ltj]bg cg';f/_ l;=g+= ;DklQsf] ljj/0f v'b ;DklQ /sd -s_ sDkgLtkm{ Hofjn Pj+ pks/0f 722,357.99 ;jf/L ;fwg 3,555,580.59 kmlg{r/ tyf lkmSr/ 667,228.91 sfof{no ;fdfu|L 1,262,500.40 ljljw ;DklQ 136,509.92 hDdf -s_ 6,344,177.81-v_ cfof]hgftkm{

hUuf 373,194,833.83 cfjfl;o ejg 721,458.58 Hofjn P+j pks/0f 665,954.34 x]eL OSo'Kd]06 17,441,930.49 ;jf/L ;fwg 21,094,702.39 kmlg{r/ tyf lkmSr/ 2,162,850.65 sfof{no ;fdfu|L 1,574,537.75 ljljw ;DklQ 942,768.10 hDdf -v_ 417,799,036.13

-v_ a'Fbf -s_ df pNn]lvt ;DklQ ;+ul7t ;+:yfsf] cfkm\g} ;DklQ xf] of lnhdf lnPsf], lnhdf lnPsf] eP lnhsf] cjlw ldlt ;d]t pNn]v ug'{kg]{ M

cfof]hgf lgdf{0f tyf ;+rfngsf nflu vl/b ul/Psf] tyf lnhdf lnOPsf] JolQmut hUufx?sf] ljj/0f M

l;=g+= ljj/0f If]qkmn ! vl/b ul/Psf] #&& /f]kgL@ lnhdf lnOPsf] !*# /f]kgL

-@)&% r}q d;fGt;Dd_ s"n %^) /f]kgL

lnhdf lnPsf] ;/sf/L jg If]qsf] ljj/0f* M

l;=g+= ljj/0f If]qkmn ! cfof]hgf lgdf{0f cjlw (Short Term Lease) !@=*( x]S6/@ cfof]hgf cjlwe/ (Long Term Lease) !=*) x]S6/ s"n !$=^( x]S6/

gf]6* : dGqLkl/ifb\sf] ldlt @)&$/)&/@& sf] lg0f{o adf]lhd @)&$ kf}if )^ ut] jg laefu, /fli6«o lgs'~h tyf jGohGt' ;+/If0f laefu / o; sDkgL aLr lqkIfLo ;Demf}tf ePsf] .

7

-u_ olb ;DklQ ;+ul7t ;+:yfsf] :jfldTjdf /x]sf] ePdf pQm ;DklQ dfly s'g} lnog jf df]6{u]h eP ;f] ;DaGwL ljj/0f M sd{rf/L ;~ro sf]if, lrlnd] hnljB't sDkgL / dWo ef]6]sf]zL hnljB't sDkgL lnld6]8 aLr ldlt @)^*.)*.@@ df ePsf] lqkIfLo C0f

;Demf}tf adf]lhd sd{rf/L ;~ro sf]ifn] dWo ef]6]sf]zL hnljB't cfof]hgf lgdf{0fsf] nflu ?=^,!$!,^%),))).– -cIf/]kL 5 ca{ rf}w s/f]8 ;f]x| nfv krf; xhf/ ?k}ofF dfq_ shf{ nufgL ug]{ / pQm shf{ / ;f] sf] Aofh tyf cGo b}b:t'/ ;d]t vfDg] u/L ;'/If0f afkt sDkgLsf] gfddf xfn /x]sf] / kl5 l;h{gf x'g] cfof]hgfsf] rn crn ;DklQ tyf lrlnd] hnljB't sDkgLsf] gfddf /x]sf] /;'jf lhNnf l:yt @@=! d]ufjf6 Ifdtfsf] lrlnd] hnljB't cfof]hgf sd{rf/L ;~rosf]ifsf] gfddf b[li6jGwssf] lnvt /lhi6«]zg kfl/t ul/Psf] 5 .

-3_ ljj/0f kq af]8{df k]z ul/Psf] ldltdf ;+ul7t ;+:yfsf] ;DklQsf] lstfjL d"No / ahf/ d"No aLr km/s ePdf ;f] sf] ljj/0f M ;DklQx? k/n d"Nodf g} /flvPsf]n] k'g{d"NofÍg ul/Psf] 5}g .

-ª_ ;DklQsf] d"Nof+sg ul/Psf] t/Lsf ;DaGwL ljj/0f M nfu' gx'g] .

u=#=u= efjL of]hgf tyf /0fgLlt M

-s_ Joj;fo÷;]jfsf] a[l4sf nflu ;+:yfsf] efjL of]hgf / To:tf] of]hgfsf] k|flKtsf nflu rflng] ;doj4 /0fgLlt M sDkgLsf] d'Vo /0fgLlt g]kfnsf] hnljB't ljsf;df Ps cu|0fL sDkgLsf] ?kdf :yflkt ug'{ /x]sf]n] gofF hnljB't cfof]hgfx?sf] ;DefJotf cWoog ug]{ / ;f] cfof]hgfx?sf] lgdf{0f u/L pTkflbt ljB't g]kfn ljB't k|flws/0fnfO{ laqmL u/L b]zdf /x]sf] phf{ ;+s6nfO{ s]xL xb;Dd sd ug]{ . sDkgL4f/f ;~ro sf]if;Fu lnPsf] C0fnfO{ cfof]hgf ;DkGg eO{ k"0f{ ?kdf Aofkfl/s pTkfbg eP kZrft ;Demf}tf adf]lhdsf] ;fFjfsf] ls:tf tyf Aofh ;lxt a'emfpg] 5 . o; sDkgLsf] k|aGwkqdf pNn]v ul/Psf]] p2]Zo cg'?k eflj of]hgf / /0fgLltdf ;DefJo hnljB't cfof]hgfsf] klxrfg u/L cg'dltkq k|fKt u/L ;j]{If0f, lgdf{0f, ;~rfng / Aoj:yfkg ug]{ / tL cfof]hgfx?af6 pTkflbt ljB't zlQm laqmL ug]{ . ljleGg hnljB't cfof]hgfx?sf] ;j]{If0f, lgdf{0f, ;~rfng / Aoj:yfkg ug{ cGo sDkgL;Fu ldln nufgL ug]{ jf gofF sDkgL :yfkgf u/L ;f] sfo{ ug]{ of]hgf /x]sf] . pTkflbg ljB't zlQmsf] laqmL ljt/0fsf lgldQ cfjZostf cg';f/ ;j:6]zg tyf k|;f/0f nfOgx? lgdf{0f ug]{ / /fli6«o k|;f/0f k|0ffnL;Fu hf]8L laqmL ljt/0f ug{ cfjZos Joj:yf ug]{ nIo /x]sf] . pTkflbt ljB't zlQm g]kfn ;/sf/ jf s'g} ;+ul7t ;+:yfnfO{ Psd'i6 laqmL ug]{ jf k|rlnt sfg'gsf] clwgdf /xL cfˆg} k|;f/0f nfOg ljsf; u/L jf cGo lgsfosf] k|;f/0f nfOg k|of]u u/L ljB't pkef]Qmfx?nfO{ laqmL ljt/0f ug]{ of]hgf /x]sf] . k|rlnt sfg'g adf]lhd :jLs[lt lnO{ pTkflbt hnljB't ljb]zdf lgof{t ug]{ ;d]tsf] nIo /x]sf] 5 . hnljB't cfof]hgsf] klxrfg, ;j]{If0f, lgdf{0f, ;~rfng Aoj:yfkg;Fu / ;xfos x'g] cGo cfjZos sfd ug]{ cflb .

-v_ k|lt:kwf{, ljBdfg cfly{s l:ylt / ;dfg lsl;dsf] pBf]usf] l:yltsf] cfwf/df ;+ul7t :f+:yfsf] Aoa;fosf] eljioM sDkgLaf6 pTkflbt ljB't laqmL ug]{ ;DaGwdf g]kfn ljB't k|flws/0f;Fu ;Demf}tf eO{;s]sf] 5 . dWo ef]6]sf]zL hnlaB't sDkgL ln=df g]kfn laB't k|flws/0f / lrlnd] hnlaB't sDkgL k|d'v nufgLstf{ /x]sf 5g\ . b'j} ;+:yf hnlaB'tsf] If]qdf k|fljlws ?kn] ;Ifd /x]sf 5g\ . o; k|sf/n] of] sDkgL cGo hnlaB't sDkgL;+u k|lt:kwf{df hfg ;Sg] / k|lt:kwL{ /xL nufgLstf{nfO{ plrt k|ltkmn lbg ;Ifd /xg] s'/fdf sDkgL ljZj:t /x]sf] 5 .

u=#=3= ;~rfns ;ldltsf] ;+/rgf / k|ltlglwTj ;DaGwL Joj:yf M sDkgLsf] lgodfjnLsf] lgod @& -@_ df ePsf] Joj:yf cg';f/ !! -P3f/_ hgf ;~rfns ;b:o /x]sf] ;~rfns ;ldlt b]xfo adf]lhd /x]sf] 5 . ;+:yfks z]o/wgLx?af6 dgf]lgt jf lgjf{lrt % hgf

;j{;fwf/0f z]o/wgLx?af6 lgjf{lrt $ hgf

:jtGq ;~rfns @ hgf

hDdf !! hgf;j{;fwf/0fdf z]o/ lgisf;g tyf afF8kmfF6 kZrft\ ;f]xL adf]lhd ;~rfns ;ldltdf k|ltlglwTj /xg] Joj:yf /x]sf] 5 . sDkgLsf] lgodfjnLsf] lgod @* df ePsf] Aoj:yf cg';f/ ;~rfns x'gsf] nflu sDkgLsf] sDtLdf !)) -Ps ;o_ lsQf z]o/ cfˆgf] gfddf vl/b u/]sf] x'g' kg{]5 . t/ g]kfn ;/sf/ jf ;+ul7t ;+:yfsf] k|ltlglwTj ug]{ ;~rfns / :jtGq ;~rfnssf] xsdf pk/f]Qm Aoj:yf nfu' x'g] 5}g .

u=$= kF'hL ;+/rgf ;DaGwL hfgsf/L M

-s_ clws[t, hf/L tyf r'Qmf kF'hL / ;+:yfsf] :yfkgf kZrft\ ;f] df kl/jt{g ePsf] eP tT;DjGwL ljj/0f M clws[t k'FhL M sDkgLsf] clws[t kF'hL ?=^,@!),))),))).—-cIf/]kL ^ ca{ PSsfO; s/f]8 ?k}+of_ /x]sf]5 . pQm kF'hLnfO{ ?=!)).–sf b/n] ^@,!)),))) -5 s/f]8 PSsfO; nfv_ yfg z]o/df laefhg ul/Psf] 5 . hf/L k'FhL M sDkgLsf] hf/L kF'hL ?=^,))),))),))).—-cIf/]kL 5 cj{ ?k}+of_ /x]sf] 5 . pQm kF'hLnfO{ ?=!)).—sf b/n] ^),))),))) -5 s/f]8_ yfg z]o/df laefhg ul/Psf] 5 . r'Qmf k'FhL M sDkgLn] cfkm\gf] hf/L kF'hL dWo] ?=#,)^),))),))).—-cIf/]kL ltg cj{ 5 s/f]8 dfq_ ;+:yfks z]o/wgLx?af6 r'Qmf eO{;s]sf] tyf afFsL @,($),))),))).—-cIf/]kL b'O{ cj{ rf}/fgAa] s/f]8 dfq_ ;fj{hlgs z]o/ lgisf;gåf/f ;j{;fwf/0fnfO{ hf/L ug]{5. sd{rf/L ;~rosf]ifdf /sd ;+lrt ug]{ ;+rostf{ sd{rf/Lx?, ;+:yfks ;+ul7t ;+:yfsf sd{rf/Lx? / C0fbftf ;+:yfsf sd{rf/Lx?sf lgldQ 5'§fOPsf] ?= !,$$),))),))).– -cIf/]kL Ps cj{ rf}jfln; s/f]8_ /sd a/fa/sf] ?=!)).— c+lst b/sf] !$,$)),))) lsQf ;fwf/0f z]o/ lgisf;g u/L afF8kmfF6 u/] kZrft\ sDkgLsf] r'Qmf kF'hL ?=$,%)),))),))).— -cIf/]kL rf/ ca{ krf; s/f]8 dfq_ x'g]5 .

sDkgLsf] :yfkgf kZrft\ clws[t, hf/L Pj+ r'Qmf k'FhLdf lgDg adf]lhd kl/jtg{ ePsf] 5 .

qm ;

ljj/0f cf= j=

@)^&÷@)^* cf=j=

@)^*÷@)^( cf=j=

@)^(÷@)&) cf=j=

@)&)÷@)&! cf=j=

@)&!÷@)&@ cf=j=

@)&@÷@)&# cf=j=

@)&#÷@)&$

*ckl/is[t cf=j=

@)&$÷@)&% ! clws[t k'FhL -?=_ !@),))),))) ^,@!),))),))) ^,@!),))),))) ^,@!),))),))) ^,@!),))),))) ^,@!),))),))) ^,@!),))),))) ^,@!),))),)))@ hf/L k"FhL -?=_ %),))),))) ^,))),))),))) ^,))),))),))) ^,))),))),))) ^,))),))),))) ^,))),))),))) ^,))),))),))) ^,))),))),))) # r'Qmf k"FhL -?=_ #%,))),))) ^@,)!@,))) !^*,%#!,&)) !,@!#,!#(,%)) !,&^!,^#(,%)) @,$#!,@#(,%)) @,*&),%)),))) #,)^),))),)))

gf]6 *M cfGtl/s n]vfkl/Ifsaf6 k|dflf0ft ul/Psf] ckl/is[t ljQLo ljj/0f .

8

-v_ lgisf;g kl5sf]]] r'Qmf k'FhL -;d"xs[t ul/Psf] cj:yfdf ;f]xL cg'?k_ M sDkgLsf] k|aGwkqsf] bkmf ^ df pNn]v ul/Psf] z]o/ k'FhL dWo] ;+:yfks z]o/wgL tyf tklzn adf]lhd cGo ;d"x?df lwtf]kq lgisf;g eO{ afF8kmfF6 eP kZrft sDkgLsf] r'Qmf k'FhLsf] ;+/rgf b]xfo adf]lhd /xg]5 M

qm=;+= z]o/wgLx? ;fwf/0f

z]o/ ;+Vof r'Qmf /sd -?=_

k'FhL ;+/rgf

e'QmfgL k|ltzt

!= ;+:yfks z]o/wgL #),^)),))) #,)^),))),))).— %!% Zftk|ltzt

@= sd{rf/L ;~ro sf]ifdf /sd hDdf ug]{ ;+rostf{ sd{rf/L

!!,&)),))) !,!&),))),))).- !(=%Ü o; ljj/0f kq dfkm{t z]o/

lgisf;g kZrft

#= ;+:yfks z]o/wgL ;+:yfsf sd{rf/L @,!)),))) @!),))),))).- #=%Ü o; ljj/0f kq dfkm{t z]o/

lgisf;g kZrft

$= sDkgLnfO{ C0f k|bfg ug]{ ;+:yfsf sd{rf/Lx?

^)),))) ^),))),))).- !Ü o; ljj/0f kq dfkm{t z]o/

lgisf;g kZrft

hDdf $%,))),))) $,%)),))),))).- &%Ü

-u_ z]o/ lk|ldod vftf -lgisf;g k"j{ / lgisf;g kZrft\_ M z]o/ lk|ldod vftfsf] Aoj:yf xfn g/x]sf] .

u=%=;+:yfks÷;+rfns ;DaGwL hfgsf/L M

u=%=s= ;+:yfks÷;+rfnssf] k[i7e"dL M

-s_ cfwf/e"t z]o/wgLx? tyf ;+rfnsx?sf] gfd, kb, pd]/, /fli6«otf, 7]ufgf, z]o/ :jfldTj, z}lIfs of]Uotf, cg'ej, / k|:tfljt Aofkf/÷Aoj;fodf cg'ej M ;a} ;+:yfks ;+ul7t ;+:yf ePsf] . ;+:yfkssf] gfd 7]ufgf / z]o/ :jfldTj b]xfo adf]lhd /x]sf] 5 .

l;=g+= ;+:yfks z]o/wgLx? 7]ufgf z]o/ :jfldTj -lsQf_ != lrlnd] hnljB't sDkgL ln= w'Daf/fxL, sf7df08f}+ . @@,@)),)))

@= g]kfn ljB't k|flws/0f /Tgkfs{, sf7df08f}+ . ^,))),)))

# l;Gw'kfNrf]s xfO8«f]kfj/ sDkgL ln= sf]6]Zj/, sf7df08f}+ . ^)),)))

$ l;Gw' OGe]i6d]G6 sDkgL k|f= ln= ltgs'g], sf7df08f}+ . ^)),)))

% g]kfn c/lgsf] xfO8«f]kfj/ sDkgL k|f= ln= afn'jf6f/, sf7df08f}+ . ^)),)))

^ l;Gw' ef]6]sf]zL xfO8«f]kfj/ ln=

ef]6]sf]zL uf=kf= %, rfs', l;Gw'kfNrf]s .

^)),)))

hDdf #),^)),)))

;+rfnsx?sf] ljj/0f

l;= g+=

gfd, 7]ufgf kb pd]/ /fli6«otf z]o/ :jfldTj z}lIfs of]Uotf cg'ej

-k"j{ / xfn sfo{/t_ != >L x//fh Gof}kfg]

j8f g+= !*, e}+;]kf6L nlntk'/ . -k|ltlglw M lrlnd] hnljB't sDkgL ln=_

cWoIf %# g]kfnL ;+:yfut k|ltlglw ePsfn] JolQmut z]o/ :jfldTj gePsf]

EMBA, Post Graduation Diploma (Electrical Power System), BE (Electrical)

ljut @( jif{b]lv g]kfn ljB't k|flws/0fsf ljleGg txx?df sfo{/t . xfn pksfo{sf/L lgb]{zs -ljt/0f tyf u|fxs ;]jf_ sf] ?kdf sfo{/t .

@= >L n]vgfy sf]O/fnf sf=d=g=kf= #@, l;gfd+un, k]K;Lsf]nf, sf7df08f}+ . -k|ltlglw M lrlnd] hnljB't sDkgL ln=_

;~rfns %$ g]kfnL Æ Æ C.A., MBA

ljB't pTkfbg, k|;f/0f / ljt/0fsf ;fy} ljQLo Aoj:yfkg / n]vf If]qdf @( jif{sf] cg'ej . xfn g]=lj=k|f=sf] cy{ lgb]{zgfnodf pksfo{sf/L lgb]{zs .

#= >L t'n;L /fd 9sfn 6f]vf g=kf= j8f g+= %, sf7df08f}+ . -k|ltlglw M lrlnd] hnljB't sDkgL ln=_

;~rfns %! g]kfnL Æ Æ B.A. (Economics)

ljut @& jif{b]lv Jofkf/ Aoj;fodf ;+nUg, ljut ^ jif{b]lv lrlnd] hnljB't sDkgL ln= sf] ;+rfnssf] ?kdf lqmofzLn .

$= >L a|h e"if0f rf}w/L ;'o{ ljgfos g=kf= j8f g+= #, gofF a:tL, eQmk'/ . -k|ltlglw M g]kfn ljB't k|flws/0f_

;~rfns %% g]kfnL Æ Æ B.E. (Electrical) ljut #) jif{b]lv g]kfn ljB't k|flws/0fdf sfo{/t . g]=lj=k|f=, k|zf/0f lgb]{zgfnosf] lg= pksfo{sf/L lgb]{zssf] kbdf sfo{/t .

%= >L bfdf]b/ eQm >]i7 ;fgf] e¥ofË, sf7df08f} -k|ltlglw M lrlnd] hnljB't sDkgL ln=_

;~rfns %& g]kfnL Æ Æ :gftsf]Q/ -jf6/ l/;f];{ Ol~hlgol/ª_

g]kfn ljB't k|flws/0fdf /xL hnljB't ljsf;sf] If]qdf #! jif{ sfo{ cg'ej . xfn lrlnd] hnljB't sDkgL ln=

9

df k|d'v sfo{sf/L clws[tsf] ?kdf sfo{/t .

^= >L g/]z nfn >]i7 sf=d=g=kf= #$, led;]guf]nf, k'/fgf] afg]Zj/, sf7df08f}+ . -k|ltlglw M l;Gw' OGe]i6d]G6 sDkgL k|f= ln=_

;~rfns $& g]kfnL Æ Æ I.Com ljut @% jif{b]lv ljleGg Jofkf/ Joj;fodf ;+nUg . e}/js'08 xfO8«f]kfj/ ln= df sfo{sf/L lgb]{zssf] ?kdf % jif{sf] sfof{g'ej .

&= >L cf]d s[i0f >]i7 gdf]a'4 g=kf= (, sfe|]knf~rf]s . -k|ltlglwMsd{rf/L ;~ro sf]if_

;~rfns %$ g]kfnL Æ Æ M.B.A. ljut @@ jif{b]lv sd{rf/L ;~rosf]ifdf ljleGg txx?df sfo{/t . xfn gfoj d'Vo clws[t -ljefluo k|d'v_ sf] ?kdf sfo{/t . g]kfn ;/sf/sf] cGo ljleGg lgsfox?df u/L !! jif{sf] sfof{g'ej .

-v_ ;+:yfksx? s'g} sDkgL÷;+:yf ePdf To:tf] sDkgL÷;+:yfsf] gfd tyf 7]ufgf ;lxtsf] ;+lIfKt ljj/0f (Profile) / pQm sDkgL÷;+:yfsf ;+rfnsx?sf] gfd, 7]ufgf, -k|fs[lts AolQm gv'n];Dd_ M

;+:yfksx?sf] gfd tyf 7]ufgf ;lIfKt ljj/0f ;+rfnsx?sf] gfd tyf 7]ufgf g]kfn ljB't k|flws/0f, /Tgkfs{, sf7df08f}

g]kfn ljB't k|flws/0f P]g, @)$! Afdf]lhd ldlt @)$@ efb| ! cyf{t ;g\ !(*% cui6 !^ df ljB't pTkfbg, k|zf/0f / ljqmL ljt/0fsf] Aoj:yfkg ug]{ p2]Zon] ;/sf/L :jfldTjdf g]kfn ljB't k|flws/0fsf] :yfkgf ePsf] xf] .

>L cg'ks'df/ pkfWofo, ;lrj, phf{ dGqfno - cWoIf >L lzlz/ s'df/ 9'+ufgf, ;lrj, cy{ dGqfno - ;~rfns >L rGb| 608g, jfl0fHo tyf ljQLo If]qaf6 k|ltlglwTj - ;~rfns >L pd]z k|;fb yfgL, phf{ If]qaf6 k|ltlglwTj - ;~rfns >L eQm axfb'/ k'g, pkef]Qmf ;d"xaf6 k|ltlglwTj - ;~rfns >L r]t /fh hf]zL, phf{ If]qaf6 k|ltlglwTj - ;~rfns >L s'ndfg l3l;ª, sfo{sf/L lgb]{zs, g]=lj=k|flws/0f - ;b:o ;lrj

lrlnd] hnljB't sDkgL ln=, w'Daf/fxL, sf7df08f}

g]kfn ljB't k|flws/0fsf] %! k|ltzt z]o/ :jfldTjdf g]kfndf /x]sf] hn>f]tsf] pkof]u u/L ljB't pTkfbg ug]{ p2]Zon] ldlt @)%@ ;fndf sDkgL /lhi6«f/sf] sfof{nodf btf{ eO{ klAns lnld6]8 sDkgLsf] ?kdf :yfkgf ePsf] xf] .

>L s'ndfg l3l;ª, dxf+sfn, sf7df8f}+ - cWoIf >L n]vgfy sf]O/fnf, k]K;Lsf]nf, sf7df8f}+ - ;~rfns >L zflGt nIdL zfSo, ljzfngu/, sf7df7f} - ;~rfns >L x//fh Gof}kfg], e}+;]kf6L, sf7df8f}+ - ;~rfns >L dgf]h l;njfn, sf7df08f}+ - ;~rfns >L t'n;L/fd 9sfn, 6f]vf, sf7df8f}+ - ;~rfns >L /fd k|;fb l/dfn, uf]+ua' sf7df08f} - ;~rfns >L k;f{bf] tfdfª,uf]Nh'ª, /;'jf - ;~rfns >L led k|;fb ltdlN;gf, sfu]Zj/L dgf]x/f –!@, - ;~rfns -lj/]Gb|rf]s, sf7df08f}_

l;Gw'kfNrf]s xfO8«f]kfj/ sDkgL ln= l;Gw'kfNrf]s xfO8«f]kfj/ sDkgL lnld6]8 ldlt @)^% ;fn >fj0f !( ut] sDkgL /lhi6«f/sf] sfof{nodf btf{ ePsf] xf] . o; sDkgLn] ljleGg hnljB't pTkfbg sDkgLx?df nufgL ug'{sf ;fy} ;f] sf] ljsf; ug]{ sfo{ ug{ :yfkgf ePsf] xf] .

>L dfwj ;fksf]6f- cWoIf >L uf]ljGb k/fh'nL - k|aGws ;~rfns >L o'j/fh b'nfn - ;~rfns >L k|sfz x]Nd' z]kf{ - ;~rfns >L led k|;fb k/fh'nL - ;~rfns >L 3ggfy k/fh'nL - ;~rfns >L £ofN;fË z]kf{ - ;~rfns >L uf]/] z]kf{ - ;~rfns >L ch'{g ;fksf]6f - ;~rfns

l;Gw' OGe]i6d]G6 sDkgL k|f= ln= l;Gw' OGe]i6d]G6 sDkgL k|f= lnld6]8 ldlt @)^$ ;fn >fj0f #! ut] sDkgL /lhi6«f/sf] sfof{nodf btf{ ePsf] xf] . o; sDkgLn] ljB't pTkfbg tyf ljqmL ug]{, ljB't pmhf{ vl/b u/L ljt/0f ug]{, ljB't pTkfbgdf nufgL ug]{ / lzIff, s[lif, :jf:Yo, ;~rfng tyf ljQLo sDkgLx?df nufgL ug]{ pb]Zon] :yfkgf ePsf] xf] .

>L g/]z nfn >]i7 - cWoIf >L zDe' ljqmd yfkf - k|aGws ;~rfns >L eQm nfn >]i7 - ;~rfns >L lbg]z kf}8]n - ;~rfns >L /fdgfy d}gfnL - ;~rfns >L sdn k|;fb bfxfn - ;~rfns >L ?ks lwtfn - ;~rfns >L xl/cf]d dsfh' - ;~rfns >L z+s/ u'?Ë - ;~rfns >L ;fª\j' z]kf{ - ;~rfns

g]kfn c/lgsf] xfO8«f]kfj/ sDkgL k|f= ln=

g]kfn c/lgsf] xfO8«f]kfj/ sDkgL lnld6]8 ldlt @)^$ ;fn a}zfv @) ut] k|f= ln= df sDkgL /lhi6«f/sf] sfof{nodf btf{ ePsf] xf] . o; sDkgLn] ljleGg

>L ;'efif sdf{rfo{ - cWoIf >L c?0f k|;fb g]kfn - ;~rfns >L s]bf/ vqL If]qL - ;~rfns >L sdn k|;fb g]kfn - ;~rfns

10

hnljB't kl/of]hgfsf If]qx?df nufgL ug]{ pb]Zon] :yfkgf ePsf] xf] .

>L lgDkm'Ghf] z]kf{ - ;~rfns >L w|'j /fh sdf{rfo{ - ;~rfns >L nfSkf z]kf{ - ;~rfns >L km'Nd' z]kf{ - ;~rfns >L ;f]gfd z]kf{ - ;~rfns

l;Gw' ef]6]sf]zL xfO8«f]kfj/ ln= l;Gw' ef]6]sf]zL xfO8«f]kfj/ lnld6]8 ldlt @)&$ ;fn efb| !^ ut] sDkgL /lhi6«f/sf] sfof{nodf btf{ ePsf] xf] . o; sDkgL ljleGg hnljB't pTkfbg, ljt/0f tyf ljB't pTkfbgdf nufgL ug]{ pb]Zon] :yfkgf ePsf] xf] .

>L u0f]z >]i7 - cWoIf >L ;+hLj s'df/ >]i7 - ;~rfns >L s0f{ axfb'/ >]i7 - ;~rfns >L l;l4 axfb'/ >]i7 - ;~rfns >L tLy{ axfb'/ >]i7 - ;~rfns >L uf]kfn a:g]t - ;~rfns >L u0f]z axfb'/ tfdfË - ;~rfns >L a]n axfb'/ /f]Ssf - ;~rfns >L l5l/Ë tfdfË - ;~rfns

-u_ ;+ul7t ;+:yfsf] ;+rfnsx? cGo s'g} sDkgL, ;+:yf, sf]if, ;+u7g;Fu cfj4 eP To:tf] ;+rfns / cfj4 ePsf] ;+:yfsf] gfd, 7]ufgf M

qm=;+ ;+rfnssf] gfd, 7]ufgf cfa4 /x]sf] ;+:yfsf] gfd, 7]ufgf != >L x//fh Gof}kfg]

j8f g+= !*, e}+;]kf6L, nlntk'/ . -k|ltlglw M lrlnd] hnljB't sDkgL ln=_

pksfo{sf/L lgb]{zs -ljt/0f tyf u|fxs ;]jf_, g]kfn ljB't k|flws/0f, /Tgkfs{,sf7df08f}. ;~rfnsM M lrlnd] hnljB't sDkgL ln=, w'Daf/fxL, sf7df08f}+ .

@= >L n]vgfy sf]O/fnf sf=d=g=kf= #@, l;gfd+un, k]K;Lsf]nf, sf7df08f}+ . -k|ltlglw M lrlnd] hnljB't sDkgL ln=_

pksfo{sf/L lgb]{zs -cy{ lgb]{zgfno_, g]kfn ljB't k|flws/0f, /Tgkfs{, sf7df08f} . ;~rfnsM M lrlnd] hnljB't sDkgL ln=, w'Daf/fxL, sf7df08f}+ .

#= >L t'n;L /fd 9sfn 6f]vf g=kf= j8f g+= %, sf7df08f}+ . -k|ltlglw M lrlnd] hnljB't sDkgL ln=_

;~rfns M lrlnd] hnljB't sDkgL ln=, w'Daf/fxL, sf7df08f}+ .

$= >L a|h e"if0f rf}w/L ;'o{ ljgfos g=kf= j8f g+= #, eQmk'/ . -k|ltlglw M g]kfn ljB't k|flws/0f_

lg= pksfo{sf/L lgb]{zs -k|zf/0f lgb]{zgfno_, g]kfn ljB't k|flws/0f, /Tgkfs{, sf7df08f}।

%= >L bfdf]b/ eQm >]i7 ;fgf] e¥ofË, sf7df08f}+ . -k|ltlglw M lrlnd] hnljB't sDkgL ln=_

k|d'v sfo{sf/L clws[t M lrlnd] hnljB't sDkgL ln=, w'Daf/fxL,sf7df08f} . ;~rfns M ;f~h]g hnljB't sDkgL ln=, dxf/fhu~h, sf7df08f} . ;~rfns M /;'jfu9L xfO8«f]kfj/ sDkgL ln=, dxf/fhu~h, sf7df08f}+ .

^= >L g/]z nfn >]i7 sf=d=g=kf= #$, led;]guf]nf, k'/fgf] afg]Zj/, sf7df08f}+. -k|ltlglw M l;Gw' OGe]i6d]6 k|f= lnld6]8_

;~rfns M g]kfn SofG;/ c:ktfn, xl/l;l4, nlntk'/ .

&= >L cf]d s[i0f >]i7 gdf]a'4 g=kf= (, sfe|]knf~rf]s . -k|ltlglwMsd{rf/L ;+ro sf]if_

gfoj d'Vo clws[t -ljefluo k|d'v_ - sd{rf/L ;~rosf]if .

-3_ ;+:yfks÷;+rfnssf] xs x:tfGt/0f aGb]h ;DaGwL ljj/0f M

-s_ sDkgLsf] z]o/ vl/b jf x:tfGt/0f ug{ jf lwtf]aGws /fVg ;+rfns ;ldltsf] :jLs[tL lng' kg]{5 . :jLs[tL lagf ul/Psf] z]o/ vl/b jf x:tfGt/0f dfGo x'g] 5}g .

-v_ ;j{;fwf/0f z]o/wgL ;d"x afx]s cGo ;d"xsf nufgLstf{x?nfO{ ;j{;fwf/0fnfO{ lgisf;g u/]sf] z]o/ afF+8kmfF+6 ePsf] ldltn] tLg jif{ k"/f geP;Dd laqmL ljt/0f jf x:tfGt/0f ug{ kfOg] 5}g .

u=%=v=;+:yfks÷;~rfns;Fusf] sf/f]af/ M

-s_ ;+ul7t ;+:yfaf6 s'g} ;+:yfks÷;~rfnsn] k|ToIf jf ck|ToIf ?kdf s'g} j:t' jf ;'ljwf -cfly{s jf u}/cfly{s_ k|fKt u/]sf] jf k|fKt ug]{ ePdf To:tf] j:t' jf ;'ljwfsf] k|s[lt / d"No / To:tf] ;'ljwf lbP afkt ;+ul7t ;+:yfn] s'g} ;DklQ, ;]jf k|fKt u/]sf] jf ug]{ ePdf tT;DaGwL ljj/0f M ;f] gePsf] .

-v_ a'Fbf -s_ df pNn]lvt a:t' jf ;'ljwfsf] d"No lgwf{/0f ug{ ckgfOPsf] tl/sf M ;f] gePsf] . u=^=;Lldt bfloTj ;DaGwL ljj/0f M

o; sDkgL k|rlnt sDkgL sfg'g cGtu{t :yflkt tyf ;~rflnt klAns lnld6]8 sDkgL xf] . o;df z]o/wgLx?sf] bfloTj ;Lldt 5 . o; sDkgLsf] z]o/wgLsf] bfloTj lghn] vl/b u/]sf] jf vl/b ug{ saf]n u/]sf] z]o/sf] clwstd /sd;Dd dfq ;Lldt /xg]5 .

u=&=;+ul7t ;+:yfsf] sd{rf/L ;DaGwL hfgsf/L M u=&=s=;+ul7t ;+:yfsf] pRr Aoa:yfksLo txsf clws[t sd{rf/Lx? ;DaGwL ljj/0f M -s_ ;+ul7t ;+:yfsf] pRr Aoa:yfksLo txsf sd{rf/Lsf] gfd, of]Uotf, lgo'lQm ePsf] ldlt, klxn] u/]sf] sfdsf] cg'ej tyf ;+ul7t ;+:yfsf] z]o/ lnPsf]

eP z]o/ ;+Vof ;DaGwL ljj/0f . ;fy} To:tf] sd{rf/Lx? cGo s'g} ;"lrs[t ;+ul7t ;+:yfsf] cfwf/e"t z]o/wgL eP jf cGo s'g} ;+ul7t ;+:yfdf nufgL u/]sf] eP pQm ;+ul7t ;+:yfsf] gfd / nufgL u/]sf] /sd v'nfpg' kg]{ .

11

s_ dWo ef]6]sf]zL hnljB't sDkgL lnld6]8 tkm{ M

qm=;+= sd{rf/Lsf] gfd kb of]Uotf lgo'lQm ldlt sfof{g'ej z]o/ ;+Vof

!= >L dl0f s'df/ sfˆn]

k|d'v sfo{sf/L clws[t

M.Sc. (Civil Engineering) M.Sc. (Construction Management)

@)&$.)@.!$ g]kfn ljB't k|flws/0f nufot hnljB't ljsf;sf] If]qdf @* jif{sf] sfo{ cg'ej . -;f] dWo] s]xL d'Vo sfof{g'ejx?M Trishuli Devighat Hydropower Upgrading Project df OlGhlgo/sf] ?kdf @ aif{ ! dlxgfsf] cg'ejÙ Kulekhani Disaster Prevention Project df OlGhlgo/sf] ?kdf # dlxgfsf] cg'ejÙ Fast Track Project df OlGhlgo/sf] ?kdf $ dlxgfsf] cg'ejÙ NEA training Centre Establishment Project df OlGhlgo/sf] ?kdf $ aif{ $ dlxgfsf] cg'ejÙ dWo d;{\ofFubL hnljB't cfof]hgfdf l;len OlGhlgo/sf] ?kdf # aif{sf] tyf ;xfos k|aGwssf] ?kdf &=% aif{sf] cg'ejÙ /fx'3f6 hnljB't cfof]hgfdf pk–k|aGwssf] ?kdf $ aif{, k|aGwssf] ?kdf @ aif{ tyf cfof]hgf k|d'vsf] ?kdf @) lbgsf] cg'ejÙ /fx'u+uf hnljB't lnld6]8sf] sfo{sf/L k|d'vsf] ?kdf !# lbgsf] Pj+ ;+rfnssf] ?kdf @) lbgsf] cg'ejÙdWo ef]6]sf]zL hnljB't sDkgL lnld6]8df ljut ! jif{ b]lv k|d'v sfo{sf/L clws[tsf] ?kdf cfa¢ ._

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@= >L ljho nfn >]i7

k|fljlws k|jGws

Masters In Hydropower Engineering

@)^*.)$.)! g]kfn ljB't k|flws/0fdf /xL hnljB't ljsf;sf] If]qdf @% jif{sf] sfo{ cg'ej . -;f] dWo] s]xL d'Vo sfof{g'ejx?M g]kfn ljB't k|flws/0f cGtu{tsf] k'jfvf]nf hnljB't cfof]hgfsf] Detailed Engineering / dflyNnf] df]bL hnljB't cfof]hgfsf] Feasibility Design sfo{df &=% jif{sf] cg'ejÙ lrlnd] hnljB't cfof]hgfsf] Detailed Design and Construction Supervision sfo{df $=% jif{sf] cg'ejÙ ;fGh]g hnljB't cfof]hgfdf Feasibility Stage sf] Design df ! aif{sf] cg'ejÙ dflyNnf] tfdfsf]zL hnljB't cfof]hgfsf] Detailed Design Pj+ &^) ld= nfdf] & ld=x & ld= sf] Access Tunnel sf] lgdf{0fdf # jif{ $ dlxgfsf] cg'ejÙ dWo ef]6]sf]zL hnljB't cfof]hgfsf] Desk Study,Feasibility Study Pj+ Detailed Engineering sfo{b]lv xfn;Dd laut * jif{ b]lv cfaå ._ ;fy} cGo ljleGg IPP -ck/ rfs' hnljB't cfof]hgf -@@ d]=jf=_, kf6L vf]nf hnljB't cfof]hgf -! d]=jf=_, d}n'+u vf]nf hnljB't cfof]hgf -^d]=jf=_, rfs' hnljB't cfof]hgf Pj+ u'NdL lhNnfsf n3' hnljB't cfof]hgf cflb_ x?sf] Design sfo{df sl/a # aif{sf] cg'ej .

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#= >L /fd k|;fb l;njfn

of]hgf tyf s/f/ k|zf;g dxfzfvf k|d'v

M.Sc. (Transportation and Road Engineering for Development -TREND)

@)^(.)(.!&

k[YjL /fhdfu{ k'glg{df0f cfof]hgfdf ;fO6 OlGhlgo/sf] ?kdf @ jif{sf] cg'ejÙ Rural Community Infrastructure Works (RCIW) Project df Technical Advisor sf] ?kdf $=% jif{sf] cg'ejÙl;+xb/af/ k'glg{df0f cfof]hgfdf Contract Engineer sf] ?kdf ! jif{sf] cg'ejÙ ;8s ljefucGtu{t SMDP (Singhadurbar Strengthened Maintenance Division Project) df Resident Engineer sf] ?kdf ! aif{sf] cg'ejÙ Rural Access Program (RAP)df District Team Leader/ Project Manager sf] ?kdf $=% jif{sf] cg'ejÙRural Reconstruction & Rehabilitation Section Development Program (RRRSDP) df Rural Infrastructure Engineer sf] ?kdf # jif{sf] cg'ejÙck/ tfdfsf]zL hnljB't cfof]hgf;Fu ;DalGwt

5}g

12

sfo{df OlGhlgo/ (Expert) sf] ?kdf ^ dlxgfsf] cg'ejÙdWo ef]6]sf]zL hnljB't sDkgLdf laut %=% jif{ b]lv of]hgf tyf s/f/ k|zf;g dxfzfvf k|d'vsf] ?kdf sfo{/t .

$= >L tf]dnfn ;'j]bL

sDkgL ;lrj/ ljQ dxfzfvf k|d'v

Master of Business Studies (MBS), Bachelors of Law (BL)

@)&!.!@.!% g]kfn ljB't k|flws/0fdf /xL hnljB't If]qsf] ljQLo Aoj:yfkgdf sl/a @& jif{ ;d]t u/L tyf cGo If]qdf $ jif{ u/L s"n hDdf #! jif{sf] sfof{g'ej . -;f] dWo] s]xL d'Vo sfof{g'ejx?M n]vf clws[tsf] ?kdf s]G›Lo n]vf dxfzfvf Pj+ s]lG›o e'QmfgL zfvfdf ^ jif{sf] cg'ejÙ ;xfos lgb]{zssf] ?kdf s]G›Lo e'QmfgL zfvf, /Tgkfs{ ljt/0f s]G› Pj+ skf]{/]6 ljQ ljefudf $ jif{ ^ dlxgfsf] cg'ejÙ s]G›Lo n]vf ljefudf pk–lgb]{zssf] ?kdf & lbgsf] cg'ejÙ dWo ef]6]sf]zL hnljB't sDkgL lnld6]8df ljut #=#$ jif{b]lv ljQ k|d'v÷sDkgL ;lrjsf] ?kdf cfa4 ._

5}g

gf]6 M pk/f]Qm adf]lhdsf sd{rf/Lx? cGo s'g} ;+ul7t ;+:yfsf] cfwf/e"t z]o/wgL g/x]sf] .

v_ sDkgLåf/f lgdf{0ffwLg dWo ef]6]sf]zL hnljB't cfof]hgf tkm{ M

qm= ;+=

sd{rf/Lsf] gfd

kb of]Uotf lgo'lQm ldlt sfof{g'ej z]o/ ;+Vof

!= 8f=>L ;'lgn s'df/ nfdf

cfof]hgf k|d'v

PhD (Environment & Resource Engineering) MSc (Hydraulilc Building of River Structure)

@)&).)(.!% Asian Development Bank sf] ljQLo ;xof]udf ;+rflnt Annapurna Conservation Area Project (ACAP) sf] Eco-tourism Development Project df Project Engineer sf] ?kdf ! jif{ ^ dlxgfsf] cg'ejÙ RWSS Fund Board (Rural Water Supply and Sanitation, World Bank) sf] u|fld0f vfg]kfgL cfof]hgfx?df Freelance Consultant sf] ?kdf ( dlxgfsf] cg'ejÙ UNV/UNDP program (Community Mobilization and Support Program for Remote Mountain Village GLO/96/V05) cGtu{t g]kfnsf u|fld0f efux?df xfO8«f]kfj/ ljsf;sf] nflu United Nations Volunteer (Engineer for Remote Area Development Committee (RADC)/Ministry of Local Development) sf] ?kdf ! aif{ ( dlxgfsf] cg'ejÙ lqe'jg ljZjljBfno cGtu{tsf] O{lGhlgol/+u cWoog ;+:yfg, k'Nrf]sdf :gfts tyf :gfsf]Q/ txdf Fluid Mechanics, Open Channel Hydraulics tyf Hydropower Engineering h:tf ljifosf] pk–k|fWofkssf] ?kdf $ aif{ ^ dflxgfsf] cg'ejÙ Civil Groups Pvt. Ltd. cGtu{tsf k"jf{wf/ ljsf; (Housing Complex, Multistory Commercial Buildings, Roads, Water Supply and Sewage System) sf sfo{qmdx?df Senior Project Manager sf] ?kdf ! aif{ ( dlxgfsf] cg'ejÙ d}n'+u hnljB't cfof]hgf, /;'jfdf cfof]hgf k|d'vsf] ?kdf ! jif{ # dlxgfsf] cg'ejÙ dWo ef]6]sf]zL hnljB't cfof]hgfdf laut $=% jif{ b]lv sfo{/t .

5}g

@= >L ;"o{gfy e'Tof{n

lgdf{0f k|jGws

Masters in Water Resources Engineering BE (Civil Engineering)

@)&$.)^.#) dWo d;{\ofªbL hnljB't cfof]hgf -&) d]=jf=_ lgdf{0fsf] qmddf ljb]zL k/fdz{bftfdf O{lGhlgo/sf] ?kdf lgdf{0f ;'kl/j]If0fdf ;ft jif{ -@)^!–@)^*_sf] cg'ej, a'9L u08sL -^)) d]=jf=_ / b'wsf]zL -#)) d]=jf=_ hnfzoo'Qm cfof]hgfdf rf/ jif{ -@)^(–@)&@_sf] cg'ej, dflyNnf] lqz'nL #–P hnljB't cfof]hgf -^) d]=jf=_ df sG6«ofS6 zfvf k|d'v eO{ !* dlxgfsf] sfof{g'ej, xfn dWo ef]6]sf]zL hnljB't cfof]hgfsf] lgdf{0f k|d'v eO{ ljut !) dlxgf b]lv sfo{/t ;d]t u/L g]kfn ljB't k|flws/0fdf /xL hnljB't ljsf;sf] If]qdf s'n !% jif{sf] sfo{ cg'ej .

5}g

gf]6 M pk/f]Qm adf]lhdsf sd{rf/Lx? cGo s'g} ;+ul7t ;+:yfsf] cfwf/e"t z]o/wgL g/x]sf] .

-v_ ljj/0f kq af]8{df k|:t't ug{' eGbf ! aif{ cufl8sf] cjlwdf lgod cg';f/ cjsfz k|fKt ePsf] cj:yf afx]s ;+ul7t ;+:yfsf] pRr Aoa:yfksLo txdf /x]sf s'g} sd{rf/L kl/jt{g ePdf ;f] ;DaGwL ljj/0f pNn]v ug'{ kg]{ M lgdf{0f k|jGws >L ;"o{ gfy e'Tof{n g]kfn ljB't k|flws/0faf6 ldlt @)&$.)^.#) ut]af6 sfhdf cfO{ sfo{ ;DxfNg' ePsf] xf] .

-u_ sd{rf/Lsf] ;+Vof M :yfoL, c:yfoL, s/f/, Hofnfbf/L / cGo .

sDkgLdf xfn b]xfo adf]lhdsf sd{rf/Lx? sfo{/t 5g\ .

qm=;+ s'n sd{rf/L ;+Vof :yfoL c:yfoL s/f/ Hofnfbf/L cGo

! !^) # !%& – – –

13

u=&=v=;+rfns Pj+ pRr Aoa:yfksLo txsf clws[tnfO{ lbPsf] eQf tyf kfl/>lds ;DaGwL ljj/0f M

-s_ ;+rfns ;ldltsf] cWoIf nufot cGo ;b:ox?nfO{ k|bfg ul/g] jf ul/Psf] a}7s eQfsf] b/ tyf lghx?nfO{ k|bfg ul/g] jf ul/Psf] b}lgs tyf e|d0f eQf tyf cGo ;'ljwf M sDkgLsf] lgodfjnLdf ;~rfnssf] kfl/>lds, a}7s eQf, b}lgs eQf tyf ;'ljwf ;fwf/0f ;efn] tf]s] adf]lhd x'g]] Joj:yf /x]sf] . cf=a=@)&$.)&% df sDkgLsf ;~rfns tyf pRr kbflwsf/Lx?n] lgDgfg';f/ k|lt AolQm k|lt a}7s eQf tyf ;'ljwf k|fKt ug'{ ePsf] lyof] M

!= ;~rfns ;ldltsf ;b:o nufot cfdlGqt ;a} - ?= %,))).– @= ;~rfnsx?nfO{ oftfoft tyf ;~rf/ ;'ljwf -dfl;s_ - ?= @,%)).– #= ;~rfns ;ldltn] u7g u/]sf] ;ldlt - ?= #,))).– $= sfo{sf/L k|d'vn] u7g u/]sf] pk–;ldltsf] - ?= !,%)).–

-v_ ;+ul7t ;+:yfsf] pRr Aoa:yfklso txsf tLg hgf clws[tx?sf] gfd / kb / Ps cfly{s aif{sf] cjlw leq pgLx?nfO{ kfl/>ldssf] ?kdf e'Qmfg ul/Psf] /sd M

s_ dWo ef]6]sf]zL hnljB't sDkgL ln= tk{m M

l;= g+=

sd{rf/Lsf] gfd kb Ps aif{ leq cyf{t\ @)&$ >fj0f b]lv @)&% cfiff9 ;Dddf e'QmfgL u/]sf] kfl/>lds -?=_

!= >L dl0f s'df/ sfˆn] k|d'v sfo{sf/L clws[t @,$&*,!^*.–

@= >L ljho nfn >]i7 k|fljlws k|jGws @,)(!,*%(.%%

#= >L /fd k|;fb l;njfn of]hgf tyf s/f/ k|zf;g dxfzfvf k|d'v !,#(%,$().))

v_ sDkgLåf/f lgdf{0ffwLg dWo ef]6]sf]zL hnljB't cfof]hgf tkm{ M

l;= g+=

sd{rf/Lsf] gfd kb Ps aif{ leq cyf{t\ @)&$ >fj0f b]lv @)&% cfiff9 ;Dddf e'QmfgL u/]sf] kfl/>lds -?=_

!= 8f=>L ;'lgn s'df/ nfdf cfof]hgf k|d'v @,)%$,&&*.–

@= >L ;"o{ gfy e'Tof{n lgdf{0f k|jGws !,%@^,(^).%)

-u_ s'g} clws[t jf ;+rfnsnfO{ eljiosf] nflu s'g} /sd k|bfg ul/g] u/L s/f/ ul/Psf] eP ;f] ;DaGwL ljj/0f M ;f] gePsf] . u=*=cGt{lglxt hf]lvd tyf ;f] df Aoj:yfkgsf] nfuL Aoj:yfkgsf] wf/0ff M

;+ul7t ;+:yfn] axg u/]sf] jf ug]{ hf]lvd :ki6 ?kdf pNn]v ug'{ kg]{ . o; ;Gbe{df hf]lvdx?nfO{ ;+ul7t ;+:yfsf] cfGtl/s jf Aoj;fo÷cfof]hgf;Fu k|ToIf cyjf ;+ul7t ;+:yfsf] lgoGq0f eGbf aflx/sf] egL alu{s/0f u/L k|d'v ?kdf b]xfosf] hf]lvdsf] ljZn]if0f ug'{ kg]{ .

-s_ ljQLo ;fwgsf] cefjaf6 x'g] hf]lvd M cfof]hgf lgdf{0f r/0fdf g} ePsf]n] lgdf{0f nfut a9\g eO{ x'g] ljQLo hf]lvd /x]sf] . cfof]hgf nfut a9\g ePdf sDkgLn] yk ljQLo >f]tsf] Aoj:yf ug'{ kg]{ .

-v_ sRrf kbfy{sf] cefjaf6 x'g] hf]lvd M hn;|f]tsf] d'xfgsf] jftfj/0fdf ck|Tofl;t ?kdf kl/jt{g e} kfgLsf] ;|f]t 36\g uPdf pTkfbg Ifdtf 36\g ;Sg] ;Defjgf ePsf] eP tfklg

nfdf] cjlwsf] xfO{8«f]nf]hLsf] 8f6fsf] cWoog tyf ljZn]if0fsf cfwf/df kfgLsf] jxfj to ePsf] xF'bf pNn]lvt hf]lvdsf] ;Defjgf Go"g /x]sf] .

-u_ pTkfbg tyf ;]jfsf] ahf/ l:ylt / o;df cfpg] kl/jt{gaf6 x'g] hf]lvd M o; cfof]hgfaf6 pTkflbt ljB't g]kfn ljB't k|flws/0fn] vl/b ug]{ ;Demf}tf e} ;s]sf] x'gfn] o:tf] hf]lvd gx'g] . g]kfn ljB't k|lws/0f k"0f{tof g]kfn ;/sf/sf] :jfldTj ePsf] ;+:yf ePsf] x'Fbf ljB't laqmLjf6 k|fKt x'g] cfodf ;'lglZrttf /x]sf] 5 . xfnsf] cj:yfdf ljB'tsf] ahf/sf] hf]lvd g/x]sf] .

-3_ cfof]hgf ;DkGg x'g l9nfO{ x'g] ;Defjgf / To;af6 x'g] d"No clea[l4 (cost overrun) sf] hf]lvd M e'sDk, klx/f] tyf gfsfaGbL nufotsf sf/0fn] ubf{ cfof]hgf cjlw yk ul/Psf]n] ;f] sf] sf/0f j}b]lzs d'b|f lalgdo b/ tyf ahf/ d"Nodf x'g] kl/jt{gn] cfof]hgf nfut s]xL a[l4 x'g] ePtf klg lgdf{0ffwLg cfof]hgfsf] Estimated cost sf] t'ngfdf Contract cost sd /x]sf]n] d"No clea[lådf ;fdfGo k|efj kg]{ cg'dfg ul/Psf] .

-ª_ ljb]zL ljlgdosf] hf]lvd M cfof]hgfsf] cg'dflgt nfut tof/ kfl/Psf] ;doeGbf xfn ljb]zL d'b|fsf] t'ngfdf g]kfnL d'b|fsf] cjd"Nog ePsf] sf/0faf6 cfof]hgfsf] lgdf{0f nfut s]lx a9\g] b]lvPsf] .

-r_ sfg"gL k|s[ofx? tyf O{hfht k|fKt ug'{ kg]{ eP ;f] af6 kg{ ;Sg] cj/f]wx? M xfn sDkgLn] k"/f ug'{kg]{ ;Dk"0f{ sfg'gL k|lqmofx? k"/f ul/;s]sf] / k|fKt ug{'kg]{ ;Dk"0f{ Ohfhtkqx? k|fKt u/L ;s]sf]n] ;f] hf]lvd g/x]sf] .

-5_ If]qLos/0f / ljZjAofkLs/0f (Globalization) sf sf/0faf6 pTkGg x'g ;Sg] hf]lvd M cGt//fli6«o ahf/df x'g] cfly{s dGbLaf6 z]o/ ahf/df c;/ k/]df z]o/sf] d"Nodf c;/ kg{ ;Sg] . sd{rf/L ;~+rosf]ifsf ;~rostf{, C0f lbg] ;+:yfsf sd{rf/Lx?, ;+:yfks z]o/wgL ;+:yfsf sd{rf/Lx?nfO{ lgisf;g ug{ nfluPsf] k|:tfljt z]o/ ljt/0f kl5 ;j{;fwf/0fsf] nflu lgisfzg ul/g] z]o/ afF+8kmfF+6 ePsf] ldltn] tLg aif{ k'/f geP;Dd laqmL ljt/0f jf x:tfGt/0f ug{ gkfOg] Joj:yf /x]sf]n] ;f] tLg jif{sf] ns Og ;do (Lock in Period) cufj} cfof]hgf ;DkGg x'g] x'Fbf xfnsf] z]o/ ahf/df k|ToIf?kdf tTsfnnfO{ sd c;/ kg{ hfg] .

-h_ ;/sf/L gLlt tyf lgodx?df x'g] kl/jt{g tyf ljZjAofkL ?kdf x'g] gLltut kl/jt{gaf6 pTkGg x'g] hf]lvd M s/, eG;f/, ljB'lto pks/0fx? cfoftdf s'g} klg ;/sf/L gLltut kl/jt{g ePdf o:tf hf]lvd /xg] .

-em_ ;+rfng Oltxf;sf] cefj M ;+:yfks ;+ul7t ;+:yfx? ljut nfdf] ;dob]lv o; k|sf/sf cfof]hgf lgdf{0f tyf ljB't pTkfbgdf ;+nUg x'Fb} cfO{/x]sf]n] ;+rfng O{ltxf;sf] cefj gx'g] .

-`_ k|ljlwsf] kl/jt{gaf6 x'g] ;Sg] hf]lvd M kfgLaf6 pTkfbg x'g] hnlaB't gljs/0fLo phf{ xf], h;n] jftfj/0fdf gsf/fTds k|efj kfb}{g . phf{sf cGo >f]tx? eGbf kfgLaf6 pTkfbg x'g] phf{af6 jftfj/0fLo xfgL sd x'g] / o;sf] nfut cGo phf{sf] eGbf t'ngfTds?kdf sd x'g] x'Fbf cGo >f]taf6 pTkfbg x'g] laB't cfof]hgfeGbf kfgLaf6 pTkfbg x'g] ljB't cfof]hgfx?sf] hf]lvd sd /x]sf] 5 . tyflk eljiodf pRr k|ljlwsf] ljsf; eO{ cGo >f]taf6 ;:tf] b/df ljB't pTkfbg ePdf eg] s]xL xb;Dd o; Aoj;fodf c;/ kg]{ hf]lvd /x]sf] .

14

-6_ k'jf{wf/ lgdf{0fdf x'g] l9nfO{sf sf/0f x'g ;Sg] hf]lvd M cfof]hgfsf] Aofkfl/s pTkfbg ;'? x'g] ldlt @)&^ ;fn c;f/ !% ut] tf]lsPsf] ePtfklg xfn cfof]hgf lgdf{0fflwg cj:yfdf /x]sf] / s'g} sf/0fa; k"jf{wf/ lgdf{0fdf l9nfO{ x'g uPdf cfof]hgf lgdf{0f cjlw tyf nfutdf s]lx a[l4 x'g ;Sg] hf]lvd /x]sf] .

-7_ cGo M b}jL k|sf]k tyf sfa' aflx/sf] kl/l:ylt pTkGg eO cfof]hgf lgdf{0f sfo{df l9nfO{ ePdf cfof]hgfsf] nfut a9\g'sf ;fy} pTkfbg 36\g ;Sg] . hnljB't cfof]hgf lgdf{0f ubf{ x'g] hf]lvdx? dWo] e'sDk, af9L, klx/f] h:tf sf/0fn] x'g] Iflt / o;jf6 ljB't pTkfbgdf kg]{ k|efjnfO{

Go"lgs/0fsf nflu cfof]hgfsf] ;Dk"0f{ ;DklQnfO{ vfDg] u/L aLdfsf] Joj:yf ul/Psf] . hnjfo' kl/j{tgjf6 vf]nfdf kfgLsf] jxfjdf yk 36 x'g uO{ tb\cg'?k ljB't pTkfbgdf 36a9 x'g ;Sg] .

;Defljt cfly{s hf]lvdx?nfO{ Go"gLs/0f ug{ Joj:yfkgn] lgDg pkfox? cjnDjg ub}{ hfg]5 M

g]kfndf phf{ zlQmsf] dfu w]/} eP tfklg cfk"lt{ Go"g /x]sf] / g]kfn hn>f]tsf] wgL b]z ePsf]n] cGo phf{sf] >f]teGbf e/kbf]{ >f]t kfgL xf] . t;y{ phf{sf nflu hnljB'tsf] cfjZostf / dxTj slxNo} sd gx'g] x'Fbf hnljB'tsf] nufgLdf Go"g hf]lvd /x]sf] Aoa:yfkgsf] wf/0ff /x]sf] 5 . ;fy} phf{ laleGg >f]taf6 k|fKt ug{ ;lsG5Ù h:t} M ;f}o{ zlQm, l8h]n, sf]Onf, hn>f]t cflb . o;dWo] kfgLaf6 pTkfbg x'g] hnlaB't gljs/0fLo phf{ ePsf]n] hnljB't cfof]hgfx?n] jftfj/0fdf xfgL sd ug]{ / o;sf] nfut cGo phf{eGbf t'ngfTds ?kdf sd /xg] x'Fbf cGo >f]taf6 pTkfbg x'g] laB'teGbf kfgLaf6 pTkfbg x'g] hnljB't cfof]hgfx?df sd hf]lvd /x]sf] wf/0ff Aoa:yfkgsf] /x]sf] 5 . ;Defljt hf]lvdx?nfO{ Go"lgs/0fsf nflu sDkgLn] u/]sf jLdfx? ;DjGwL ljj/0f tklzn adf]lhd /x]sf 5g\ . s_ cfof]hgfsf] n6 g+= !M l;len tyf xfO{8«f] d]sflgsn lgdf{0fsf] >L PgPnhL OG;'/]G; sDkgL ln= af6 Contract Value -g]=?=@,%&(,$)&,(&*.- / cd]/Lsg 8n/ ^@,)(!,^&$.!$_ a/fa/sf] aLdf ul/Psf] .

ladfn] axg ug]{ hf]lvd ;DaGwL ljj/0f lgDgfg';f/ /x]sf] 5 .

Cover No. 1 Personnel Insurance Policy Policy Number KTM/010G0751/GPA13/01911Covers Employees of the Employer, Contractor and the Consultant. Total Insured Amount NPR 491,000,000/-Cover No. 2 Contractor’s All Risk (CAR) Insurance Policy Policy No. KTM/10G0314/CAR12/00876 Covers The permanent and temporary works forming part of the Contract and all materials and

other things to be incorporated in into the said works. Total Insured Amount NPR 9,021,538,635/- Cover No. 3 Contractor’s Plant & Machinery Policy Policy No. KTM/010G0751/CPM13/00596 Covers Construction equipment of the Contractor.

v_ cfof]hgfsf] n6 g+= @M O{n]S6«f]d]sflgsn lgdf{0fsf] >L lk|ldo/ OG;'/]G; sDkgL ln= af6 Contract Value -g]=?=$)&,)$$,$!&.*& / cd]/Lsg 8n/ @),$^!,@%#.^&_ a/fa/sf] aLdf ul/Psf] .

ladfn] axg ug]{ hf]lvd ;DaGwL ljj/0f lgDgfg';f/ /x]sf] 5 .

Insurance type : Erection All Risks (EAR) Policy Covers a) Erection works with 10 % escalation,

b) Freight, Custom Duties and Dues, Cost of erection, c) Civil engineering works, and d) Clearance of Debris.

Policy Number 01051114-1500206Total Insured Amount USD 24,666,143.67 @ NRs 1= USD $ 0.01033

l;=g+= ljj/0f /sd s}lkmot ! Contract Value g]kfnL ?k}ofF ?= @,%&(,$)&,(&*.))

cd]l/sL 8n/ $ ^@,)(!,^&$.!$ g]= ?= ^,&^&,((@,$*!=@^ a/fa/ -$ !=?= !)(_ s'n Contract Value -g]kfnL ?k}ofFdf_ ?= (,#$&,$)),$%(.@^

@ ladf ul/Psf] Personnel Insurance Policy

?= $(!,))),))).))

Contractor’s All Risk (CAR) Insurance Policy

?= (,)@!,%#*,^#%.))

Equipment Insurance ?= @@#,#)$,$@%.%)

s'n ladf ul/Psf] /sd g]kfnL ?k}ofFdf ?= (,&#%,*$#,)^).%)

l;=g+= ljj/0f /sd s}lkmot ! Contract

Value g]kfnL ?k}ofF ?= $)&,)$$,$!&.*& cd]/Lsg 8n/ $,@)$,*().)) a/fa/ -?= != $).)!)##_cd]l/sL 8n/ $ @),$^!,@%#.^&

s'n Contract Value -cd]l/sL 8n/df_ $ @$,^^^,!$#.^&

@ ladf ul/Psf] Erection All Risk (EAR) Policy

$ @$,^^^,!$#.^&

s'n ladf ul/Psf] /sd cd]l/sL 8n/df $ @$,^^^,!$#.^&

15

e"sDk, af9L, klx/f], cfunfuL h:tf k|fs[lts k|sf]kaf6 x'g ;Sg] gf]S;fgLnfO{ Go"gLs/0f ug{ xfn cfof]hgf lgdf{0ffwLg cj:yfdf ;DalGwt ;+/rgfx?sf] lgdf{0fdf ;+nUg 7]s]bf/x? dfkm{t ladf ul/Psf] / cfof]hgf lgdf{0f sfo{ ;DkGg ePkl5 sDkgLåf/f ladf ul/g] k|fjwfg /x]sf] 5 .

lwtf]kq d"No kl/jt{g ;DalGw hf]lvd M

?=!))÷—k|lt z]o/sf b/n] lgisf;g ul/Psf] z]o/ d"Non] ;"rLs/0f kZrft\ g]kfn :6s PS;r]Gh lnld6]8df x'g] sf/f]jf/ d"No ghgfpg] ePsf]n] z]o/ d"Nodf x'g ;Sg] kl/jt{gsf] hf]lvd /x]sf] 5 .

u=(= ljQLo ljj/0f u=(=s= ljQLo ljj/0f / tT;DaGwdf Aoj:yfkgsf] wf/0ff / ljZn]if0f M -s_ ;+ul7t ;+:yfsf] n]vfk/LIf0f ePsf] kl5Nnf] cfly{s jif{sf] jf;nft, gfkmf-gf]S;fg lx;fa afF8kmfF8, gub k|jfx ljj/0fM o; sDkgLsf]

cf=a=@)&#÷)&$ sf] n]vfkl/If0f ePsf] jf;nft, gfkmf—gf]S;fg lx;fa tyf gfkmf—gf]S;fg afF8kmfF8 lx;fa vftfsf] oyfy{ ¿k/]vf o; k|sf/ 5 M

jf;nft ->fj0f !, @)&# b]lv cfiff9 #!, @)&$_ -?=xhf/_

k"FhL / bfloTj /sd k"FhL / bfloTj z]o/ k'FhL @,*&),%))hu]8f sf]if / ;+lrt gfkmf -bL3{sflng C0f !,(*),)@)

hDdf $,*%),%@)u}/ rfn" ;DklQ v'b l:y/ ;DklQ $@$,!$#rfn" k"FhLut sfo{ -cfof]hgf sfo{ k|ult #,))),*@@

hDdf u}/ rfn' ;DklQ #,$@$,(^%rfn" ;DklQ lhG;L df}Hbft !^!a}+s df}Hbft @(^,&*@clu|d e'QmfgL, k]ZsL, ;fk6L tyf w/f}6L !,!@$,^^)

hDdf rfn" ;Dklt !,$@!,^)$Go"gM rfn" bfloTj / Joj:yf Jofkfl/s tyf cGo e'QmfgL ug'{ kg]{ /sd ((,@@*Joj:yfx? ($(

hDdf rfn" bfloTj !)),!&*v'b rfn" ;DklQ !,#@!,$@^k"j{ ;+rfng vr{ !)$,!@*

hDdf $,*%),%@)

cfo ljj/0f ->fj0f !, @)&# b]lv cfiff9 #!, @)&$_ -?=xhf/df_

ljj/0f /sd

cGo cfDbfgL -Aofh cfDbfgL ^,()*6]08/ kmd{ laqmL @&ljljw cfDbfgL !#@;+rfng ;+ef/ vr{ -@^,#$#_cfos/ cl3sf] gfkmf/-gf]S;fg_ -!(,@&^_cfos/ Joj:yf -cfos/ kl5sf] gfkmf/-gf]S;fg_ -!(,@&^_ut jif{ ;Ddsf] k"j{ ;+rfng vr{ -*$,*%@_s"n ;l~rt gfkmf/-gf]S;fg_ -!)$,!@*_

gub k|jfx ljj/0f ->fj0f !, @)&# b]lv cfiff9 #!, @)&$_ -?=xhf/df_

qm=;= ljj/0f /sd

s= ;+rfng ultljlwaf6 v'b gub k|jfxM != cfos/ tyf c;fwf/0f cfDbfgL vr{ cufl8sf] v'b gfkmf/gf]S;fgL -!(,@&^_ ;dfof]hg hf]8\g] != x|f; s§L !!,@*( @= Jofh vr{ ((,#*^ 36fpg] != Aofh k|fKt -^,()*_

16

@= sfo{zLn k+"hLsf] kl/jt{g cl3sf] ;+rfng gub k|jfx -*$,$(!_ sfo{zLn k"FhLdf ePsf] kl/jt{g != rfn' ;DklQdf ePsf] sdL / -j[lå_ ^,!#$ @ rfn' bfloTjdf ePsf] j[l4 / -sdL_ &),%@*

sfo{zLn k"FhL kl/jt{g kl5sf] ;~rfng gub k|jfx &^,^^@ Aofh e'QmfgL - ;~rfng ultljlwaf6 v'b gub k|jfx !^!,!%$v= nufgL ultlalwsf] gub k|jfxM - != Aofh k|fKt ^,()* @= l:y/ ;DklQ / cfof]hgf nufgL -yk_/36 -!,*^%,^^@_

nufgL ultljlwaf6 v'b gub k|jfx -!,*%*,&%$_u= ljQLo ultljlwsf] gub k|jfxM != z]o/ kF'hLsf] lgisf;g $#(,@^! @= C0f !,@@!,)*)

ljlQo ultljlwaf6 v'b gub k|jfx !,^^),#$! gubdf ePsf] s'n j[l4 ÷ sdL - s±v±u_ -#&,@^)_ jiff{/Dedf gub tyf j}+s df}Hbft ##$,)$@ c;f/ d;fGt ;Ddsf] gub tyf j}+s df}Hbft @(^,&*@

-v_ ;~rfng cjlw tLg jif{ JotLt e};s]sf] cj:yfdf ljut tLg jif{sf] / tLg jif{ JotLt e}g;s]sf] cj:yfdf ;+rfng cjlwe/sf] n]vfk/LIf0f

ePsf] gfkmf gf]S;fg, jf;nft ;lxtsf] ;+lIfKt ljQLo ljj/0f -;xfos sDkgL eP ;dli6s[t ?kdf_ M

jf;nft ->fj0f !, @)&! b]lv cfiff9 #!, @)&$_ -?=xhf/df_

k"FhL / bfloTj cf=j= @)&!.)&@ cf=j= @)&@.)&# cf=j= @)&#.)&$ ckl/is[t* cf=j= @)&$.)&%

k"FhL / bfloTj z]o/ k'FhL !,&^!,^#( @,$#!,@$) @,*&),%)) #,)^),)))hu]8f sf]if / ;+lrt gfkmf - . - - -bL3{sflng C0f %(&,%@# ^%(,%%# !,(*),)@) #,#$&,()%

hDdf @,#%(,!^@ #,)(),&(# $,*%),%@) ^,$)&,()%u}/ rfn" ;DklQ v'b l:y/ ;DklQ #^@,@$* $!%,%^^ $@$,!$# %)!,*$*rfn" k"FhLut sfo{ - - - -cfof]hgf sfo{ k|ult &@!,*%@ !,!%%,)@^ #,))),*@@ $,&)@,&^@

hDdf u}/ rfn' ;DklQ !,)*$,!)) !,%&),%(@ #,$@$,(^% %,@)$,^!)rfn" ;DklQ lhG;L df}Hbft - @)( !^! @@)a}+s df}Hbft %&,#** ##$,)$@ @(^,&*@ @&^,)*$clu|d e'QmfgL, k]ZsL, ;fk6L tyf w/f}6L

!,!^$,(!# !,!#),&$& !,!@$,^^) ((@,!&#

hDdf rfn" ;Dklt !,@@@,#)! !,$^$,((* !,$@!,^)$ !,@^*,$&&Go"gM rfn" bfloTj / Joj:yf Jofkfl/s tyf cGo e'QmfgL ug'{ kg]{ /sd

!*,@^^ @(,)%* ((,@@* !&%,&%&

Joj:yfx? @^% %(! ($( (!*hDdf rfn" bfloTj !*,%#) @(,^$( !)),!&* !&^,^&%

v'b rfn" ;DklQ !,@)#,&&! !,$#%,#$( !,#@!,$@^ !,)(!,*)@k"j{ ;+rfng vr{ &!,@(@ *$,*%@ !)$,!@* !!!,$(#

hDdf @,#%(,!^@ #,)(),&(# $,*%),%@) ^,$)&,()% gf]6*: cfGtl/s n]vfkl/Ifsaf6 k|dflf0ft ul/Psf] ckl/is[t ljQLo ljj/0f .

cfo ljj/0f ->fj0f !, @)&! b]lv cfiff9 #!, @)&$_ -?=xhf/df_

ljj/0f cf=j=@)&!.)&@ cf=j=@)&@.)&# cf=j=@)&#.)&$ ckl/is[t* cf=j=@)&$.)&%

cGo cfDbfgL Aofh cfDbfgL !,*$! !,!&@ ^,()* !#,%%$6]08/ kmd{ laqmL %) - @& @(%ljljw cfDbfgL !,#@^ &,(@& !#@ $,*&%;+rfng ;+ef/ vr{ -@^,^^)_ -@@,^%*_ -@^,#$#_ -@^,)*(_

17

cfos/ cl3sf] gfkmf/-gf]S;fg_ -@#,$$#_ -!#,%^)_ -!(,@&^_ -&,#^%_

cfos/ Joj:yf - - - -cfos/ kl5sf] gfkmf/-gf]S;fg_ -@#,$$#_ -!#,%^)_ -!(,@&^_ -&,#^%_ut jif{ ;Ddsf] k"j{ ;+rfng vr{ -$&,*$(_ -&!,@(@_ -*$,*%@_ -!)$,!@*_s"n ;l~rt gfkmf/-gf]S;fg_ -&!,@(@_ -*$,*%@_ -!)$,!@*_ -!!!,$(#_

gf]6*: cfGtl/s n]vfkl/Ifsaf6 k|dflf0ft ul/Psf] ckl/is[t ljQLo ljj/0f . -u_ cfly{s aif{ ;dfKt ePsf] ^ dlxgf kZrft ljj/0fkq :jLs[tLsf] nfuL k]z u/]df pQm cGtl/d cjlwsf] nflu n]vfkl/Ifsaf6 k|dfl0ft u/]sf]

ckl/is[t ljlQo ljj/0f M cfGtl/s n]vfkl/If0faf6 k|dfl0ft cf=j= @)&$.&% sf] ckl/os[t ljQLo ljj/0fx? b]xfo adf]lhd /x]sf] 5 M @)&$ >fj0f ! ut] b]lv @)&% cfiff9 d;fGt;Ddsf] jf;nft

-?=xhf/df_ ljj/0f /sd

k"FhL / bfloTj z]o/ k'FhL #,)^),)))hu]8f sf]if / ;+lrt gfkmf -bL3{sflng C0f #,#$&,()%

hDdf ^,$)&,()%u}/ rfn" ;DklQ v'b l:y/ ;DklQ %)!,*$*rfn" k"FhLut sfo{ -cfof]hgf sfo{ k|ult $,&)@,&^@

hDdf u}/ rfn' ;DklQ %,@)$,^!)rfn" ;DklQ lhG;L df}Hbft @@)a}+s df}Hbft @&^,)*$clu|d e'QmfgL, k]ZsL, ;fk6L tyf w/f}6L ((@,!&#

hDdf rfn" ;Dklt !,@^*,$&&Go"gM rfn" bfloTj / Joj:yf Jofkfl/s tyf cGo e'QmfgL ug'{ kg]{ /sd !&%,&%&Joj:yfx? (!*

hDdf rfn" bfloTj !&^,^&%v'b rfn" ;DklQ !,)(!,*)@k"j{ ;+rfng vr{ !!!,$(#

hDdf ^,$)&,()%

@)&$ >fj0f ! ut] b]lv @)&% cfiff9 d;fGt ;Ddsf] gfkmf–gf]S;fg lx;fa -?=xhf/df_

ljj/0f /sd cGo cfDbfgL Aofh cfDbfgL !#,%%$6]08/ kmd{ laqmL @(%ljljw cfDbfgL $,*&%;+rfng ;+ef/ vr{ -@^,)*(_cfos/ cl3sf] gfkmf/-gf]S;fg_ -&,#^%_

cfos/ Joj:yf -cfos/ kl5sf] gfkmf/-gf]S;fg_ -&,#^%_ut jif{ ;Ddsf] k"j{ ;+rfng vr{ -!)$,!@*_s"n ;l~rt gfkmf/-gf]S;fg_ -!!!,$(#_

-3_ cfDbfgL / vr{ lx;fjsf] s'g} zLif{sdf 7'nf] dfqfdf kl/jt{g ePdf To;sf] ljZn]if0ffTds sf/0f M ;f] gePsf] . -ª_ kl5Nnf] ljQLo ljj/0fsf] n]vfk/LIf0f eP kZrft ;+ul7t ;+:yfsf] sf/f]af/, gfkmf gf]S;fg, ;DklQsf] d'No jf cfufdL !@ dlxgfsf] bfloTj

e'QmfgLdf c;/ kg]{ u/L s'g} cj:yf l;h{gf ePsf] 5÷5}g ;f] ;DaGwdf ;~rfnsx?sf] wf/0ff M ;f] gePsf] . -r cfly{s jif{ ;dfKt ePkl5 ljj/0fkq k]z u/]df, ljj/0fkq k]z u/]sf] ldltaf6 :jLs[lt x'g]] ldlt;Dddf jf;nftsf] ldlt kl5sf] 36gfsf]

jf/]df 5'§} hfgsf/L ljj/0fkqdf ;dfj]z ug'{kg]{ M ;f] gePsf] . -5_ ljut % jif{df ;DklQsf] k'gd"{Nof+sg ul/Psf] 5÷5}g, olb ul/Psf] eP -c_ ;DklQsf] ljj/0f -cf_ ;DklQsf] k'gd"{Nof+sg cl3 / kl5sf]

lstfjL d"No -O{_ k'gd"{Nof+sgsf] cf}lrTo M ;f] gePsf] . -h_ cfufdL tLg jif{sf] k|If]lkt jf;nft, gfkmf gf]S;fg lx;fasf ;fy} To;sf u0fgfsf] cfwf/x? M sDkgLsf] cfufdL $ cfly{s jif{sf] nflu

k|If]lkt ljQLo l:ylt b]xfo adf]lhd /x]sf] 5 .

18

jf;nft -?=xhf/df_

k"FhL / bfloTj cf=j=

@)&%.)&^ cf=j=

@)&^.)&& cf=j=

@)&&.)&* cf=j=

@)&*.)&( z]o/ k'FhL ^,))),))) ^,))),))) ^,))),))) ^,))),)))hu]8f sf]if / ;+lrt gfkmf !),@@^ *%%,*)^ !,()(,*#@ @,&&$,*^)lb3{sfnLg C0f (,^*$,**$ *,&!^,#(^ &,&$&,()& ^,&&(,$!(

hDdf !%,^(%,!!) !%,%&@,@)@ !%,^%&,&#( !%,%%$,@&(;DklQ

nufgL v'b l:y/ ;DklQ !^,@((,%)) !%,&^!,&&^ !%,@$#,$#@ !$,&$%,)@$rfn" k'FhLut sfo{ - - - -cGo nufgL - - - $%),)))

hDdf l:y/ ;DklQ !^,@((,%)) !%,&^!,&&^ !%,@$#,$#@ !%,!(%,)@$rfn" ;DklQ lhG;L df}Hbft !(% !),))) !!,))) !@,!))gub / cGo df}Hbft &%,$)( !)*,!@! $@*,@*$ %#,$(@clu|d e'QmfgL /sd / k]ZsL, ;fk6L, w/f}6L $),))) $),))) $),))) $),)))Jofkl/s tyf cGo k|fKt /sd !&%,*^$ ^$!,&** ^^!,)$@ ^*),*&#

hDdf rfn" ;DklQ @(!,$^* &((,()( !,!$),#@^ &*^,$^%Go"g rfn" bfloTj / Joj:yf

;'/lIft w/f}l6 Aofkfl/s tyf cGo e'QmfgL ug'{ kg]{ /sd *($,&)( (**,@!( &@$,^@( %,^*!Aoj:yfx? !,!$( !,@^$ !,#() $@!,%@(

hDdf rfn" bfloTj *(%,*%* (*(,$*# &@^,)!( $@&,@!)v'b rfn" ;DklQ -^)$,#*(_ -!*(,%&$_ $!$,#)& #%(,@%%

;+rfng vr{ - - - hDdf !%,^(%,!!) !%,%&@,@)@ !%,^%&,&#( !%,%%$,@&(

gfkmf– gf]S;fg lx;fa -?=xhf/df_

ljj/0f cf=j=

@)&%.)&^ cf=j=

@)&^.)&& cf=j=

@)&&.)&* cf=j=

@)&*.)&( ljqmL cfDbfgL !&%,*^$ @,()$,#!@ @,((!,$$! #,)*!,!*%ljs|Lsf] nfut -*^,($#_ -@%*,@@#_ -@&@,(*%_ -@^*,*$(_df]6fdf]6L gfkmf **,(@! @,^$^,)*( @,&!*,$%& @,*!@,#@%cGo cfDbfgL ^,*$! ^,*$! ^,*$! !),!@%k|zf;sLo vr{ -@)%_ -!^,(!@_ -@!,)*!_ -@%,&)!_ladf vr{ -%,%!!_ -!#$,!!)_ -!@(,$^@_ -!@%,!$&_;+rfngaf6 gfkmf (),)$^ @,%)!,()* @,%&$,&%% @,^&!,^)#Jofh vr{ -$&,&^!_ -!,!!*,^)$_ -!,))@,#*^_ -**^,!^&_x|f; vr{ -#@,)%(_ -%#&,&@$_ -%!*,#$$_ -%)),$)*_cfos/ s§Lug{' cl3sf] gfkmf !),@@^ *$%,%*) !,)%$,)@^ !,@*%,)@(

cfos/ - - - -cfos/ s§Lu/] kl5sf] v'b gfkmf !),@@^ *$%,%*) !,)%$,)@^ !,@*%,)@(

ljQLo k|If]k0fsf cfwf/ tyf tl/sf M

ljj/0f cf=j

@)&%.)&^ cf=j

@)&^.)&& cf=j

@)&&.)&* cf=j

@)&*.)&( s'n cfodf cf}ift a[l4b/ - !,%%!=$%% #% #%s'n vr{df cf}ift a[l4b/ -Aofh / x|f;_ afx]s

@&$=$#% #$!=^&% #=$(% -)=()_

;+rfng vr{ tyf s'n cfDbfgL cg'kft %@+=^(% !$=)(% !$=!^% !#=^@%

v'b d'gfkmfdf cf}ift a[l4b/ - *,!^*=*$% @$=^%% @!=(@%

cfos/ Aoj:yf -k|ltztdf_ - - - -k|lt z]o/ cfDbfgL )=!& !$=)( !&=%& @!=$@cGo ;+rfng vr{df j[l4b/ -Aofh / x|f;_ %*$&=*% % !,(&%=)*% -*=!(%_ -*=*@%_

z]o/df k|ltkmn )=!&% !#=!% % !%=!^% !&=#(%

;DklQdf k|ltkmn )=)^% @+=^$% #=$)% $=@(%

19

k|If]lkt ul/Psf] ljQLo ljj/0fx?sf] u0fgfsf] cfwf/x? b]xfo jdf]lhd /x]sf] 5 M– ! lgdf{0fflwg cfof]hgf !)@ d]=jf= Ifdtfsf] dWo ef]6]sf]zL hnlaB't cfof]hgfsf] :jLs[t Aofkfl/s pTkfbg ;'? x'g] ldlt @)&^.)#.!% /x]sf] . @= laqmLsf] nfut (Royalty jfx]s) cf=j= @)&%.&^ b]lv k|To]s jif{ %% n] a[l4 x'g] cg'dfg ul/Psf] 5 . #= ljB't P]g, @)$( cg';f/ gfkmfaf6 @% af]gz Aoj:yf ul/Psf] 5 . $= sDkgLn] cfof]hgf lgdf{0fsf] lgldQ lqklIfo C0f ;Demf}tf adf]lhd sd{rf/L ;~ro sf]if;+u ?=^ cj{ C0f lnO{ cfof]hgf ;Dkg ug]{ nIo lnPsf] 5 . sd{rf/L

;~ro sf]if;Fu ePsf] C0f ;Demf}tfdf pNn]v ul/P cg';f/ cfof]hgf lgdf{0fsf] qmddf x'g ;Sg] gk'u /sdsf] Aoj:yf o; sdkgLsf] d'Vo k|a4{s lrlnd] hnljB't sDkgL lnld6]8af6 x'g] Joj:yf /x]sf] 5 .

%= sDkgLn] ;j{;fwf/0fsf nflu 5'§fPsf] z]o/ lgisf;g ug]{ sfo{ cf=j= @)&%.)&^ ;Dddf ;DkGg ug]{5 . ^= cfof]hgfsf] nfut k|lt d]ufjf6 -lgd{f0f cjlwsf] Aofh ;lxt_ ?=!^,)*,@&,))).- -cIf/]kL ;f]x| s/f]8 cf7 nfv ;QfO; xhf/_ k|If]lkt ul/Psf] 5 . &= g]=la=k|f=;+u ePsf] PPA ;+emf}tf cg';f/ Aofkl/s pTkfbg ;'? eP kZrft laB't laqmLaf6 k|fKt x'g] /sddf jif{sf] clGtd b'O{ dlxgfsf] Billing /sd

aSof}tfsf] ?kdf /xg] u/L k|If]k0f ul/Psf] 5 . *= Aofkfl/s pTkfbg z'? ePsf] !% aif{;Dd /f]oN6Lsf] b/ k|lt KW ?=@)).– / ljB't ljlqmaf6 x'g] cfDbfgLsf] @Ü x'g] u/L ljQLo ljj/0fdf k|If]k0f ul/Psf] 5 . (= Aofkfl/s pTkfbg z'? ePsf] !% jif{ kZrft g]kfn ;/sf/nfO{ ltg'{ kg]{ /f]oN6L ljB't ljlqmaf6 x'g] cfDbfgLsf] @% af6 a[l4 eO{ !)% tyf k|lt KW

?=@)).– af6 a[l4 eO{ k|lt KW ?=!%))।– x'g]5 . !)= s"n cfof]hgf nfutsf]] )=*%% n] x'g]] /sd cfof]hgfsf] ;+/rgfx?sf] aLdfsf] nflu vr{ x'g] cg'dfg ul/Psf]] 5 . !!= Aofkfl/s pTkfbg z'? x'g'eGbf cufl8sf] s]Gb|Lo sfof{nosf] vr{ /sd ?. 125,398,000.00 nfO{ Pre-operating vr{ dflg ;f] /sdnfO{ cfof]hgfdf

kF"hLs/0f ul/g] ePsf]n] jf;nftsf] ;DklQdf hf]8L b]vfpg] ul/Psf] . !@= Aofkfl/s pTkfbg kZrft CWIP nfO{ Capitalize ubf{ ;DalGwt cfof]hgfdf ePsf] v'b nufgL /sdsf ;fy} Total Head Office Expenses i.e Pre-

operating Expenses, Total Administrative expenses and Consultancy expenses nfO{ d'Vo ;+/rgfTds vr{ (Civil & Hydro Mechanical Works, Electro Mechanical Works, Transmission Line Works) sf] cg'kftdf afF8kmfF8 u/L k"FhLs/0f ul/Psf] 5 .

!#= cfof]hgfsf] k/fdz{bftf, Employer / Civil and Hydro Mechanical sfo{sf 7]s]bf/ sDkgL >L CEEC GHCB aLr ldlt @)&#.!).@% (February 07, 2017) df ;xdlt eP adf]lhd ;~rfns ;ldltsf] ldlt @)&$.)@.)# sf] !^)cf}+ a}7ssf] lg0f{o cg';f/ cfof]hgfsf] / Civil & Hydro Mechanical sfo{sf 7]s]bf/ sDkgLn] ldlt @)&^.)#.!% (June 30, 2019) ;Dddf cfof]hgfsf] lgdf{0f sfo{ ;DkGg ug]{ u/L ;dofjlw yk eP cg'?k ldlt @)&^.)#.!% (June 30, 2019) df cfof]hgf ;DkGg x'g] dfgL ;f]xL cg';f/ cfof]hgfsf] nfut ?=!^ ca{ $) s/f]8 $# nfv $* xhf/ x'g] cg'dfg ul/Psf] 5 .

!$= ;DklQx?sf] Xf; s§L ug]{ ;DaGwdf sDkgLsf] :jLs[t n]vf gLlt adf]lhd cfof]hgf lgdf{0f ;+/rgfx? – l;len tyf xfO8«f] d]sflgsn lgdf{0f sfo{sf] ;+/rgf, On]S6«f] d]sflgsn lgdf{0f sfo{sf] ;+/rgf tyf 6«fG;ldzg nfOg lgdf{0f sfo{sf] ;+/rgfsf] xsdf cfof]hgf cjlw #) aif{nfO{ cfwf/ dflg aflif{s #=##% sf b/n] Xf; s§f ul/g] / cGo ;DklQx?sf] xsdf eg] cfos/ P]g, @)%* adf]lhd Xf; s§f ul/g]]5 . dfly pNn]v ul/P adf]lhd sDkgLaf6 tof/ ul/Psf] ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? xfnsf] ljQLo ahf/sf] l:ylt, lgisf;g sDkgLsf]] xfnsf] bIftf / lgisf;g sDkgLn]] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf] cfwf/df k'g/fjnf]sg u/L ljj/0f 7Ls 5 egL k|dfl0ft ug]{ >L cf/.lk.la. P08 Pzf]l;o6\;, rf6{8{ PsfpG6]06\;, l8NnLahf/, sf7df08f}+sf rf6{8 PsfpG6]G6 >L lji0f' k|;fb e08f/L /xg' ePsf] 5 .

u=(=v=ljQLo cg'kft ;DaGwL ljj/0f M -s_ ;~rfng cjlw tLg aif{ AotLt e};s]sf] cj:yfdf ljut tLg aif{sf] / tLg aif{ AotLt e}g;s]sf] cj:yfdf ;~rfng cjlwsf] tyf

cfufdL tLg aif{sf] k|If]lkt k|lt z]o/ cfDbfgL (EPS) tyf k|lt z]o/ g]6jy{ M

sDkgLsf] g]6jy{ tyf k|lt z]o/ cfDbfgLdf ePsf] jf:tljs tyf k|If]lkt cf};t k|ltkmn b]xfo adf]lhd /x]sf]5 M

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k|lt z]o/ g]6jy{ -?=_ !)) !)) !)) !)) !!$ !#@ !$^

k|lt z]o/ cfDbfgL -?=_ -)=%^_ -)=^&_ -)=@$_ )=!& !$=)( !&=%& @!=$@

gf]6*: cfGtl/s n]vfkl/Ifsaf6 k|dflf0ft ul/Psf] ckl/is[t ljQLo ljj/0f . sDkgLsf] n]vfgLlt cg';f/ cfof]hgf vr{ -ljß't pTkfbgsf] ;j]{If0f cg'dltkq k|fKt u/]sf] cfof]hgfsf] vr{ /sd tyf sDkgLsf] s]lGb|o sfof{nodf ePsf] Åf; vr{ ;lxtsf] k|zf;lgs vr{ ;d]t_sf] n]vfÍg cfof]hgf ;kmn ePkl5 k'FhLs[t ug]{ u/L cfof]hgf nufgL sfo{ k|ult vftf (Capital Work in Progress) df / dWo ef]6]sf]zL hnljß't cfof]hgfdf ePsf] k|zf;lgs vr{ tyf k'FhLut vr{nfO{ kl5 k'FhLs/0f ug]{ u/L cfof]hgf nufgL cGtu{t cnUu} k|:t't u/LPsf]n] k|lt z]o/ g]6jy{ ?=!)) jf clws x'g]5 .

-v_ ljut # aif{sf] g]6jy{df ePsf] cf};t k|ltkmn M -?= xhf/df_

ljj/0f

jf:tljs k|If]lkt

cf=a= )&@÷)&#

cf=a= )&#÷)&$

ckl/is[t* cf=a=

)&$÷)&%

cf=a= )&%÷)&^

cf=a= )&^÷)&&

cf=a= )&&÷)&*

cf=a= )&*÷)&(

r'Qmf k'+hL @,$#!,@$) @,*&),%)) #,)^),))) ^,))),))) ^,))),))) ^,))),))) ^,))),)))

hu]8f tyf sf]ifx? - - - !),@@^ *%%,*)^ !,()(,*#@ @,&&$,*^)s'n @,$#!,@$) @,*&),%)) #,)^),))) ^,)!),@@^ ^,*%%,*)^ &,()(,*#@ *,&&$,*^)36fpg] Mckn]vg ug{ afFsL vr{ - - - - - - -s'n g]6jy{ @,$#!,@$) @,*&),%)) #,)^),))) ^,)!),@@^ ^,*%%,*)^ &,()(,*#@ *,&&$,*^)z]o/ ;+Vof -xhf/df_ @$,#!@ @*,&)% #),^)) ^),))) ^),))) ^),))) ^),)))k|lt z]o/ g]6jy{ -?=_ !)) !)) !)) !)) !!$ !#@ !$^k|lt z]o/ r'Qmf k'+hL -?=_ !)) !)) !)) !)) !)) !)) !))g]6jy{df cf};t k|ltkmn - - - )=!& % !@=## % !#=## % !$=^$ %

gf]6*: cfGtl/s n]vfkl/Ifsaf6 k|dflf0ft ul/Psf] ckl/is[t ljQLo ljj/0f .

sDkgLsf] ljQLo ljj/0f k|If]k0f ljut aif{sf] sf/f]af/sf] cfwf/df lgisf;g sDkgLn] tof/ u/]sf] xf] . pQm ljQLo k|If]k0fsf] cfwf/x? tyf tl/sf k'g/fjnf]sg u/L l7s 5 elg >L cf/.lk.la. P08 Pzf]l;o6\;, rf6{8{ PsfpG6]06\;, l8NnLahf/, sf7df08f}+sf rf6{8 PsfpG6]G6 >L lji0f' k|;fb e08f/Ln] ug'{ ePsf] xf] .

20

u=!)= lwtf]kq lgisf;g ;DaGwL ljj/0f M u=!)=s=lwtf]kq hf/L ug'{sf] p2]Zo M

sDkgLsf] k|aGwkq tyf lgodfjnLdf ePsf] Joj:yf cg';f/ sDkgLn] cfkm\gf] hf/L k"FhL ?=^,))),))),))).— -cIf/]kL 5 cj{ dfq_ sf] k|yd r/0fdf @$% cyf{t ? !,$$),))),))).—-cIf]/]kL Ps cj{ rf}jfnL; s/f]8 dfq_ /sd a/fa/sf] ?=!)) c+lst b/sf] !$,$)),))) lsQf z]o/ tklzn adf]lhdsf ;d"xx?df lgisf;g u/L k'FhL ;+sng u/] kZrft dWo ef]6]sf]zL hnljB't cfof]hgfxsf] k"jf{wf/ lgdf0f{ tyf ljsf;sf] nflu vr{ h'6fpg' g} lwtf]kq lgisf;gsf] d'Vo p2]Zo /x]sf] 5 .

;d"x s"n hf/L

k'FhLsf] k|ltzt 5'§fOPsf] z]o/ ;Vof

k'FhL /sd -?=_

sd{rf/L ;~rosf]ifdf ;~ro ug]{ ;~rostf{ sd{rf/Lx? cyf{t ldlt @)^*.)*.@@ df sfod /x]sf / ;f] kZrft\ of] ljj/0fkq :jLs[t ePsf] ldlt @)&%/)^/@( ut];Dddf sd{rf/L ;+ro sf]ifdf ;+rostf{sf] ?kdf sfod /x]sf ;+rostf{ sd{rf/L

!(=%% !!,&)),))) !,!&),))),))).–

;+:yfks z]o/wgL ;+:yfsf sd{rf/Lx? -lrlnd] hnljB't sDkgL ln=, g]kfn ljB't k|flws/0f, l;Gw'kfNrf]s xfO8«f]kfj/ sDkgL ln=, l;Gw' OGe]i6d]G6 sDkgL k|f=ln=, g]kfn c/lgsf] xfO8«f]kfj/ sDkgL k|f=ln=, tyf l;Gw' ef]6]sf]zL xfO8«f]kfj/ ln=_

#=%% @,!)),))) @!),))),))).–

C0fbftf ;+:yfsf sd{rf/L M–=sd{rf/L ;+ro sf]ifsf sd{rf/Lx? !% ^)),))) ^),))),))).–s"n hDdf @$% !$,$)),))) !,$$),))),))).–

u=!)=v= lwtf]kq lgisf;gaf6 k|fKt k'FhLsf] pkof]u M

-s_ lgisf;gaf6 k|fKt x'g] s"n /sdnfO{ s;/L / s'g If]qdf k|of]u ul/g]5 tt\ ;DaGwL ljj/0f M

lgisflzt /sd tklzn adf]lhd ljj/0fx?df k|of]u ul/g]5 . l;=g+= ljj/0f /sd ?= ! l;len tyf xfO8«f] d]sfgLsn sfo{ *)),))),))).–@ On]S6«f] d]sflnsn sfo{ $$),))),))).–# @@) s]le 6«fG;ld;g nfOgsf] lgdf{0f sfo{ &%,))),))).–$ k/fdz{bftfsf] vr{ *%,))),))).–% sDkgLsf] skf]{/]6 sfof{nosf] vr{ (,))),))).–^ cfof]hgf ;+rfng vr{ #!,))),))).– hDdf !,$$),))),))).—

-v_ ;fj{hlgs lgisf;g ul/g] lwtf]kq k"0f{ ?kdf ljqmL gePdf ;fj{hlgs lgisf;gsf] nflu p2]Zo k|fKtL ug{sf] nflu ckgfOg] a}slNks Joj:yfM ;f] ;fwf/0f z]o/x? k"0f{ ?kdf ljqmL gePdf ;j{;fwf/0fnfO{ ljqmL ljt/0f ul/g]5 .

-u_ cfof]hgfsf] ;+rfng :yfg, cfof]hgf r/0fa4 ?ksf sfof{Gjog ul/g] eP k|To]s r/0fdf nfUg] vr{, s'g} r/0f ;dfKt e};s]sf] eP ;f] ;DaGwL ljj/0f M o; sDkgLn] lgdf{0f ul//x]sf]] dWo ef]6]sf]zL hnljB't cfof]hgf afUdtL c~rnsf] l;Gw'kfNrf]s lhNnfdf /x]sf] 5 . of] hnljB't cfof]hgfsf] lgdf{0f sfo{sf nflu k/fdz{ ;]jf sfo{, n6 g+= ! l;len tyf xfO8«f] d]sfgLsn sfo{ / n6 g+= @ On]S6«f] d]sflnsn lgdf{0f sfo{sf nflu k/fdz{bftf tyf 7]s]bf/x?sf] 5gf}6 eO{ xfn ;Demf}tf adf]lhdsf] sfo{x? ul//x]sf 5g\ . g]kfn ljB't k|flws/0f;Fu ePsf] ljB't vl/b ljqmL ;Demf}tf adf]lhd pTkfbg x'g] ljB't zlQm /fli6«o k|zf/0f nfOgdf hf]8\gsf] nflu cfof]hgf :ynb]lv g]kfn ljB't k|flws/0fsf] k|:tfljt afXlj;]] xj;Ddsf] rf/ ls=ld= nfdf] Transmission Line lgdf{0f ug]{ sfo{sf ldlt @)&%.)$.!! -h'nfO{ @&, @)!*_ df 7]sbf/ sDkgL >L Urja-AC JV, Lalitpur, Nepal ;Fu 7]Ssf ;+emf}tf ePsf] 5 .

cfof]hgfsf] lgdf{0fsf] k|To]s n6sf] cg'dflgt nfut, @)&% >fj0f d;fGt;Dd ;DkGg ePsf] sfdsf] ljj/0f / afFsL /x]sf] sfdsf] /sd;lxtsf] ljj/0f tn tflnsfdf pNn]v ul/Psf] 5 .

l;=g+= sfo{

!= l;len tyf xfO8«f]d]sflgsn sfo{

hDdf nfut cg'dfg -?=_

(,%)@,$*!,))).–

xfn;Dd ePsf] sfdsf] ljj/0f

n6 g+= ! cGtu{tsf] l;len tyf xfO8«f]d]sflgsn sfo{nfO{ ^) j6f Milestones df ljefhg ul/Psf] 5 . o;sf] ;fy} Contract df Tunnel, Surge Tank tyf Penstock / Powerhouse Slope sf] support sf] nflu BOQ sf] klg 5'§} Joj:yf ul/Psf] 5 . xfn ;Dd l;len tyf xfO8«f]d]sflgsn sfo{ cGtu{t cfof]hgfsf] sfo{fGjogsf] cj:yf lgDgfg';f/ 5M - Headrace Tunnel 1 sf] sfo{ $&=!(Ü ;DkGgÙ - Headrace Tunnel 2 sf] sfo{ %&=&@Ü ;DkGgÙ - Tunnel 3 sf] sfo{ &$=&&Ü ;DkGgÙ - Vertical Penstock Shaft sf] Pilot Shaft sf] sfo{ ;DkGgÙ - Surge Tank sf] Pilot Shaft sf] sfo{ ;DkGgÙ - Diversion Tunnel sf] sfo{ ;DkGgÙ - Powerhouse sf] Slope Excavation tyf Support sf] sfo{ ;DkGgÙ Auxiliary

Powerhouse sf] Raft Concreting ;DkGg u/L slab sf] sfo{ eO/x]sf], - Headworks sf] Slope Excavation tyf Support sf] sfo{ ;DkGg eO{ Foundation

Excavation sfo{sf] tof/L . xfn;Dd ePsf] vr{ /sd -?=_

@ ,%)(,%$%,$!@ .!!

afFsL /x]sf] sfd Headrace Tunnel 1 sf] Excavation sfo{ %@=*!Ü afFsL / ;f] ;DkGg ePk5L ul/g] Invert

21

Concrete sfo{ afFsLÙ Headrace Tunnel 2 sf] Excavation sfo{ $@=@*Ü afFsL / ;f] ;DkGg ePk5L ul/g] Invert Concrete sfo{ afFsLÙ Tunnel 3 sf] Excavation sfo{ @%=@#Ü afFsL / ;f] ;DkGg ePk5L ul/g] Penstock Installation / Backfill Concrete sf] sfo{ afFsLÙ Vertical Shaft sf] Pilot Shaft sf] Excavation sfo{ ;DkGg kl5 Full Size df Excavation

sfo{ ug{ afFsL . afFsL /x]sf] /sd -?=_

^,((@,(#%,%*&.*(

@= On]S6«f]d]sflgsn

sfo{ hDdf nfut cg'dfg -?=_

@,$*!,%%$,))).–

xfn;Dd ePsf] sfdsf] ljj/0f

xfn n6 g+= @ cGtu{tsf] On]S6«f]d]sflgsn sfo{sf] Design, Drawing submission sf] ;fy} Approval ePsf] Design, Drawing x?sf] cfwf/df Electromechanical Equipment x? lgdf{0f eO{ cfof]hgf :yndf delivery ug{] sfo{ eO/x]sf] 5 . xfn ;Dd 7]Ssf ;Demf}tf ePsf Electomechanical ;DaGwL ljleGg Equipment x¿ dWo] Drafttube elbow / First stage embedment parts, Earthing Mat, Powerhouse EOT Crane, Generator Stator Frame, Generator Auxiliary parts, Spiral casing x¿ cfof]hgf :yndf k'lu;s]sf] cj:yf 5 . Oil Pressure Unit, Compressor Systemx? cfof]hgf :yndf df k'lu;s]sf] cj:yf 5 . ODC Consignment cGtu{tsf] dfn;fdfg h:t} Turbine Shaft, Intermediate Shaft, Generator Shaft, MIV, Stator x? cfof]hgf :yndf delivery eO;s]sf] 5 .

xfn;Dd ePsf] vr{ /sd -?=_

! , #!^ ,^(^ ,$^( .(%

afFsL /x]sf] sfd Turbine Runner sf] lgdf{0f eO{ inspection sf] stage df /x]sf] 5 . Generator Transformer, GIS (Gas Insulated Switchgear) sf] sfo{ afFsL .

afFsL /x]sf] /sd -?=_

!,!^$,*%&,%#).)%

#= @@) s]eL

l;+un ;ls{6 6«fG;ld;g nfOg sfo{ Pj+ ;a–:6]zg

hDdf nfut cg'dfg -?=_ @#&,!^),))).– xfn;Dd ePsf] sfdsf] ljj/0f o; cGtu{t dWo ef]6]sf]zL hnljB't cfof]hgfsf] kfj/ xfp;af6 g=lj=k|f sf]

k|:tfljt afx|lj;] xj;Ddsf] $ ls=ld= nfdf] @@) s]=eL= l;+un ;ls{6 6«fG;ld;g nfOg cWoog Pj+ ;e{]sf] sfo{ ;DkGg ePsf] 5 . k|;f/0f nfOgsf] IEE (Initial Environment Examination) sfo{ ug{sf] nflu tof/ ul/Psf] TOR ph{f dGqfnoaf6 :jLs[t eO;s]sf] / IEE k|ltj]bg;d]t :jLs[ltsf] k|lqmofdf /x]sf] 5 . k|;f/0f nfOg lgd{f0f sfo{sf] nflu ldlt @)&%.)$.!! -h'nfO{ @&, @)!*_ df 7]sbf/ sDkgL >L Urja-AC JV, Lalitpur, Nepal ;Fu 7]Ssf ;+emf}tf ePsf] 5 .

xfn;Dd ePsf] vr{ /sd -?=_ &$&,@)).– afFsL /x]sf] sfd 6«fG;ld;g nfOgsf] lgdf{0f sfo{ xfn ;'?jftL Stage df /x]sf] n] ;f] lgdf{0f;Fu

;DaGwL ;Dk"0f{ sfo{ afFsL /x]sf]Ù g]kfn ljB't k|flws/0fsf] afx|la;] ;a :6]zgdf ef]6]sf]zL xasf] lgdf{0f sfo{ g]kfn ljB't k|flws/0fnfO{ ;'lDkOPsf] .

afFsL /x]sf] /sd -?=_ @#^,$!@,*)).–

-3_ cfof]hgf ;DkGg x'g], kl/If0f pTkfbg z'? x'g] / k"0f{ Jofj;flos pTkfbg z'? x'g] cg'dflgt ldlt M of] cfof]hgfaf6 ldlt h'g #), @)!(-@)&^

c;f/ !% ut]_ ;Dddf ljB't pTkfbg ug]{ nIo /x]sf] 5 .

-ª_ ;+ul7t ;+:yfn] s'g} pks/0f vl/b u/]sf] jf ug{ nfu]sf] eP pQm pks/0fsf] d"No jf k|f:tfljt d"No ;Knfo;{sf] gfd / ;Knfo;{;Fu ;Demf}tf

ePsf] eP ;f] sf] d'Vo d'Vo a"Fbfx? M

sDkgLn] vl/b u/]sf] pks/0fsf] d"No M

sDkgLn] cfof]hgfsf] n6 @ On]S6«f]d]sflgsn sfo{ cGtu{t kg]{ Turbine Generator, Transformer, Gas Insulated Switchgear nufotsf d];Lg tyf pks/0fx?sf] Design, Manufacturer, Supply Installation, Testing and Commissioning sf nflu 7]s]bf/ sDkgL PlG8«h xfO8«f] k|fOe]6 lnld6]8, ef/t;Fu ldltM @)&!÷)#÷@^ df 7]Ssf ;Demf}tf u/]sf] / 7]Ssf ;Demf}tf cg';f/ o; sfo{sf] nfut ljb]zL d'b|f tkm{ o"=P;=8n/ @),$^!,@%#.̂ & / g]kfnL d'b|f tkm{ g]=?=$)&,)$$,$!&*& /x]sf] 5 .

-r_ s'g} kf6L{;Fu k|ltlnlk clwsf/ 6«]8dfs{ Ohfhtkq /f]oN6L ;xsfo{ ;DaGwdf jf ljQLo jf k|fljlws ;Demf}tf ul/Psf] eP ;f] sf] k|d'v zt{x? / kf6L{sf] gfd 7]ufgf ;DaGwL lj:t[t ljj/0f M ;f] gePsf] .

-5_ pTkfbg ;DaGwL cfof]hgf eP ;f] sf] k|s[lt k|of]ustf{ k|lt:kwf{ nlIft ;d"x, pTkfbg Ifdtf ljut jif{x?sf] Ifdtf pkef]u jf eljiodf ul/g] Ifdtf pkef]u ;DaGwL ljj/0f M sDkgLaf6 lgdf{0fflwg dWo ef]6]sf]zL hnljB't cfof]hgfsf] pTkfbg Ifdtf !)@ d]ufjf6 /xg] 5 .

-h_ cfof]hgfsf] nflu cfjZos sRrf kbfy{sf] pknJwtf / To;sf] >f]t M afudlt c~rnsf] l;Gw'kfNrf]s lhNnfsf] ef]6]sf]zL gbLsf] kfgL / ;f] ;|f]t pkof]usf nflu phf{ dGqfnoaf6 #% jif{sf nflu cg'dlt kq k|fKt ePsf] 5 .

-em_ cfof]hgfsf] nflu cfjZos x'g] ljB't, kfgL, Uof;sf] dfqf / To;sf] >f]t M afUdtL c~rnsf] l;Gw'kfNrf]s lhNnfsf] ef]6]sf]zL gbLsf] kfgL .

22

-`_ ;fj{hlgs lgisf;gsf] nflu ul/g] vr{ k|d'v ?kdf b]xfodf pNn]lvt kIfx?nfO{ lbg] z'Nsx? 5'§f5'§} ?kdf k|:t't ug'{ kg]{ . -c_ lgisf;g tyf laqmL k|aGws — ?=!,@)),))).– -cf_ 6«i6L -l8j]Gr/ lgisfzgsf] xsdf_ — lgisf;g ul/g] l8j]Gr/ geO{ ;fwf/0f z]o/ ePsf] . -O_ lj1x?sf] kfl/>lds jf ;]jf z'Ns — ?=(),$)).– -p_ n]vfkl/Ifssf] z'Ns — ?=@@,^)).– -pm_ cGo -h:t} ;+sng s]Gb|, lgisf;g a}+s cflb_— ;+sng s]Gb|nfO{ cfj]bg kmf/d ;lxt /sd ;+sng u/] jfkt ;+slnt /sddf )=)@%Ü-z"Go

bzdna z"Go b'O{ kfFr k|ltzt_ jf &% nfv h'g sd x'G5 ;f] df, afF8kmfF6df gk/]sf] z]o/ jfktsf] /sd cfj]bsx?nfO{ lkmtf{ e'QmfgL lb+bf lkmtf{ e'Qmfg ePsf] /sddf )=)@%Ü -z"Go bzdna z"Go b'O{ kfFr k|ltzt_ jf %) nfv h'g sd x'G5 ;f] df ;]jf z'Nssf] ?kdf lbg] Aoj:yf ul/Psf] 5 .

u=!)=u= ;fj{hlgs lgisf;gaf6 k|fKt /sdnfO{ cfof]hgfdf k|of]u ug{ k"j{ cGo s'g} Joj:yf ug{ nfluPsf] 5 eg] tT;DaGwL ljj/0fM xfn ;Dd To:tf] s'g} Joj:yf ul/Psf] 5}g .

u=!)=3= lk|ldoddf lwtf]kq hf/L ug]{ ePdf M z]o/sf] d'Nodf lk|ldod yk ul/Psf] 5}g . u=!)=ª= lwtf]kqsf] afF8kmfF6, lkmtf{ e'QmfgL tyf ;"rLs/0f ;DaGwL ljj/0f M

-s_ cToflws dfu jf Go"g dfu ePsf] cj:yfdf afF8kmFf6sf] k|s[of M - ;+:yfks z]o/wgL ;:Yffsf sd{rf/Lx?nfO{ 5'6\ofO{Psf] #=% k|ltztn] x'g] @! nfv lsQf z]o/nfO{ g]kfn lwtf]kq af]8{sf] af+F8kmfF+6 lgb]{lzsf,

@)&$ sf] clwgdf /xL nufgLstf{x?nfO{ ;dfg cj;/ k|bfg ug]{ u/L afF+8kmfF+6 ul/g] 5 . - C0f lbg] ;+:yfsf sd{rf/Lx?sf] nflu ! k|ltztn] x'g] ^ nfv lsQf z]o/nfO{ lwtf]kq lgisf;g tyf afF+8kmfF+6 lgb]{lzsf, @)&$ sf] clwgdf

/xL ;DalGwt ;+:yfn] lgwf{/0f u/] jdf]lhd z]o/ afF8kmfF6 ul/g] 5 . - sd{rf/L ;~ro sf]ifsf] ;+rostf{ sd{rf/Lx?sf] nflu !(=% k|ltztn] x'g] ! s/f]8 !& nfv lsQf z]o/nfO{ g]kfn lwtf]kq af]8{sf] af+F8kmfF+6

lgb]{lzsf, @)&$ sf] clwgdf /xL ;DalGwt ;+:yfn] lgwf{/0f u/] adf]lhd x'g] u/L ;Dk"0f{ nufgLstf{x?nfO{ ;dfg cj;/ k|bfg ug]{ u/L afF+8kmfF+6 ul/g] 5 .

- z]o/ afF8kmfF6 ;km\6j]o/ tyf afF8kmfF6 tflnsf ;DaGwdf af]8{sf] ;xdlt lnO{g]5 . - z]o/ afF8kmfF6sf] hfgsf/L afF8kmfF6 u/]sf] ef]nL kN6;Dddf af]8{, lwtf]kq ahf/ tyf ;j{;fwf/0fnfO{ hfgsf/L u/fOg]5 .

-v_ cToflws dfu ePsf] jf afF8kmfF6 gePsf] cj:yfdf lkmtf{ e'QmfgL ;DjGwL Joj:yfM o; ljj/0f kq cg';f/ hf/L ul/g] ;fwf/0f z]o/ cToflws dfu ePdf lwtf]kq lgisf;g tyf afF8kmfF6 lgb]{lzsf, @)&$ adf]lhd sDtLdf !) lsQf kg]{ u/L uf]nfk|yfaf6 afF8kmfF6 ul/g] 5 / afF8kmfF6df gk/]sf nufgLstf{x?nfO{ ;DalGwt a}+s vftf km's'jf x'g] u/L cf:jf ;b:o a}+s tyf ljQLo ;+:yfnfO{ lgb]{zg ul/g]5 .

-u_ lgj]bg ;fy k|fKt /sdsf] lkmtf{ e'QmfgLdf l9nfO{ ePdf lbOg] Aofhb/ M ælwtf]kq lgisf;g tyf afF8kmfF6 lgb]{lzsf, @)&$Æ n] lgwf{l/t u/]sf] ;doleq z]o/sf] afF8kmfF6kq tyf /sd lkmtf{ e'QmfgL lbg g;lsPdf z]o/sf] ljqmL aGb ePsf] ldltb]lv /sd lkmtf{ e'QmfgL lbg z'? u/]sf] cl3Nnf] lbg;Ddsf] ;/sf/L C0fkqsf] k|rlnt clGtd Aofhb/sf] cfwf/df x'g cfpg] Aofh ;lxt lx;fj u/L /sd lkmtf{ e'QmfgL ul/g]5 . o; lgisf;gdf lwtf]kq v/Lb -;fj{hlgs lgisf;g_ ;DalGw lgb]{lzsf, @)&# -cf:af_ n] u/]sf] Aoj:yf adf]lhd cfj]bg dfu ug'{kg]{ ePsf], h; cg';f/ cfj]bss} a}+s vftfdf /sd /f]Ssf x'g] Joj:yf /x]sf] .

-3_ lwtf]kqsf] afF8kmfF6 tyf k|df0fkq hf/L ;DjGwL k|s[of / ;dofjwL M o; ljj/0f dfkm{t hf/L ul/g] ;fwf/0f z]o/x? lwtf]kq btf{ tyf lgisf;g lgodfjnL, @)&# tyf g]kfn lwtf]kq af]8{sf] k|rlnt Joj:yf cg';f/ lgwf{/Lt ;doleq af+F8kmfF+6 u/L k"0f{ jf cf+lzs ?kdf :jLs[t÷c:jLs[t ePsf] Joxf]/f hgfO{ k|rlnt Joj:yf cg';f/ tf]lsPsf] ;doleq af+F8kmfF+6af6 sfod ePsf z]o/wgLx?nfO{ l8Dof6 vftfdf hDdf ul/g]5 . lwtf]kq lgisf;g tyf afF8kmfF6 lgb]{lzsf, @)&$ tyf k|rlnt z]o/ afF8kmfF6 ;DaGwL Aoj:yf cg';f/ ;j{;fwf/0fx?df lgisf;g u/L af+F8kmfF+6 u/] kZrft g]kfn :6s PS;r]Gh lnld6]8df Ps};fy ;"rLs/0f tyf l;l8P;l;df btf{ u/fO{ z]o/ vl/b laqmLsf] Aoj:yf ldnfOg] 5 .

-ª_ lwtf]kq ;"lrs/0f e};s]sf] eP To:tf] lwtf]kq ;"lrs/0f ul/Psf] lwtf]kq ahf/sf] gfd lwtf]kq sf/f]jf/ z'? x'gsf] nflu ;+ul7t :f+:yfn] k"/f ug'{kg]{ zt{x? ;DalGw ljj/0f M lgisf;g ug]{ ;fwf/0f z]o/ ;"rLs/0f eO;s]sf] 5}g . ;j{;fwf/0fnfO{ z]o/ lgisf;g u/L af+F8kmfF+6 u/] kZrft Ps};fy g]kfn :6s PS;r]Gh lnld6]8;Fu z]o/ ;'lrs/0fsf] ;Demf}tf u/L pQm ;Demf}tf cg';f/ sf/f]af/ ug]{ Aoj:yf ldnfOg] 5 . o; ljj/0f kq cg';f/ lgisf;g ug{ nfluPsf] ljleGg ;d"xx?sf nufgLstf{x?nfO{ ljt/0f ul/g] z]o/ ;j{;fwf/0fnfO{ lgisfzg u/]sf] z]o/ afF+8kmfF+6 ePsf] ldltn] tLg -#_ jif{ k"/f geP;Dd laqmL ljt/0f jf x:tfGt/0f ug{ kfOg] 5}g .

-r_ lwtf]kq ;"lrs/0f e}g;s]sf] eP, ;+ul7t ;+:yfn] lgisfzg tyf ljqmL ul/g] lwtf]kqx? k|rlnt P]g, lgod cg';f/ ;xh v/Lb/laqmL jf ljlgdo x'g ;Sg] u/fpgsf] nflu ul/g] Joj:yf ;DaGwL ljj/0f M ælwtf]kq lgisf;g tyf afF8kmfF6 lgb]{lzsf, @)&$Æ adf]lhd xfn k|:tfljt lwtf]kq afF8kmfF6 u/] kZrft\ :yfgLo afl;Gbf / ;j{;fwf/0f -sDkgLsf sd{rf/L ;d]t_ sf nflu ;fwf/0f z]o/ lgisf;g u/L afF8kmF+f6 ul/g]5 . o; ljj/0f kq dfkm{t sd{rf/L ;~rosf]ifdf /sd ;+lrt ug]{ ;+rostf{ sd{rf/L, ;+:yfks ;+ul7t ;+:yfsf sd{rf/L / C0fbftf ;+:yfsf sd{rf/Lsf lgldQ lgisf;g ug{ nfluPsf] lwtf]kq / tt\ kZrft cfof]hgf k|efljt If]qsf :yfgLo jfl;Gbf tyf ;j{;fwf/0fnfO{ lgisf;g ul/g] lwtf]kq Ps} k6s g]kfn :6s PS;r]~h lnld6]8df k|rlnt ;"lrs/0f ;DaGwL Joj:yf tyf l;l8P;;L P08 lSnol/Ë ln=df btf{ u/L z]o/ vl/b laqmLsf] Joj:yf ldnfOg]5 .

5_ ljlgdo x'g ;Sg] u/fpgsf] nflu ul/g] Aoj:yf ;DaGwL ljj/0f M lwtf]kq lgisf;g tyf afF8kmfF6 lgb]{lzsf, @)&$ tyf k|rlnt lwtf]kq afF8kmfF6 ;DaGwL Aoj:yf cg';f/ ;j{;fwf/0fx?df lgisf;g u/L af+F8kmfF+6 u/] kZrft g]kfn :6s PS;r]Gh lnld6]8df ;"rLs/0f tyf l;l8P;;L P08 lSnol/Ë ln=df btf{ u/L Ps};fy vl/b laqmLsf] Aoj:yf ldnfOg] 5 .

h_ lgisf;g ul/g] ;fwf/0f z]o/ ælwtf]kq lgisf;g tyf aFf8kmFf6 lgb]{lzsf, @)&$Æ df ePsf] Joj:yf cg';f/ ;fwf/0f z]o/sf] afF8kmfF6 u/L ;"lrs/0f eP kZrft ælwtf]kq s]lGb|o lgIf]k ;]jf lgodfjnL, @)^&Æ sf] lgod @$ sf] pklgod & adf]lhd ;DalGwt z]o/wgLsf] lxtu|fxL vftfdf cef}lts ?kdf z]o/ hDdf ul/g]5 .

u=!)=r= k|Tofe"lt ;DaGwL ljj/0f M o; ljj/0f kq cg';f/ ljt/0f ul/g] ;fwf/0f z]o/x? lglZrt ;d"xx?nfO{ tf]s]/ ljqmL ul/g] ePsf] / ljqmL gePsf z]o/x? o;kl5 ;j{;fwf/0fx?sf] nflu ljqmL ljt/0f ul/g] ;fwf/0f z]o/df yk u/L ljqmL ul/g] ePsf]n] k|Tofe'tL ug'{ gkg]{ .

u=!)=5= cfj]bg lb+bf Wofg lbg' kg]{ s'/fx? M -s_ ;efdf efu lng] / dtbfg ug{ kfpg] M o; ljj/0f kq adf]lhd lwtf]kq afF8kmfF6 eP kZrft x'g cfpg] z]o/wgLx?n] z]o/ afktsf] /sd r'Qmf gu/L sDkgLsf] s'g} klg ;fwf/0f

;efdf efu lng / dtbfg ug{ kfpg] 5}gg\ .

23

-v_ sDkgLsf] k|aGwkq, lgodfjnL tyf ljj/0f kq k|fKt ug{ jf x]g{ ;Sg] 7fpF M sfof{no ;doleq lgDglnlvt :yfgx? tyf tf]lsPsf] :yfgx?af6 sDkgLsf] k|aGwkq, lgodfjnL / ljj/0f kq lg/LIf0f ug{ ;lsg]5 .

!= o; sDkgLsf] /lhi68{ sfof{no jfUdtL c~rn, sf7df08f}+ lhNnf, dxf/fhu~h, sf7df08f} . @= z]o/ lgisf;g tyf laqmL k|aGws Unf]an cfO{PdO{ SofkL6n ln=, hdn, sf7df08f}+ . #= ;x—lgisf;g tyf laqmL k|aGwsx? qmdzM k|e' Soflk6n lnld6]8, sdnfbL, sf7df8f}+, l;len Soflk6n dfs]{6 lnld6]8, ;'Gwf/f,

sf7df8f}+, nIdL Soflk6n dfs{]6 lnld6]8, gofF afg]Zj/, sf7df8f}+, l;ljcfO{Pn Soflk6n lnld6]8, l8NnLahf/, sf7df8f}+, ;flgdf Soflk6n lnld6]8, gS;fn, sf7df8f}+, PgcfO{ljPn P; Soflk6n lnld6]8, nflhDkf6, sf7df8f}+++ -;Demf}tf x'Fbf P; Soflk6n ln=/x]sf]_ df ;Dks{ /fvL x]g{ jf k|fKt ug{ ;lsg]5 .

-u_ cfj]bg lb+bf kfngf ug'{kg]{ zt{ aGb]hx? M cfj]bg lb+bf kfngf ug'{kg]{ zt{ aGb]hx? h:t} Ps eGbf a9L b/vf:t lbg gkfOg], nufgLstf{sf] klxrfgsf] nflu gful/stf÷hGdbtf{sf]

k|dfl0ft k|df0fkqsf] k|ltlnlk k]z ug'{kg]{ jf lwtf]kq bnfn Aoj;foLn] lbPsf] u|fxssf] kl/ro gDa/ / ;DalGwt Aoj;foLsf] gfd v'nfpg'kg]{ / a}+s vftf dfkm{t sf/f]af/ ul/g'kg]{ h:tf kIfx? M

C0fbftf ;+:yfsf sd{rf/L / ;+:yfks z]o/wgL ;+:yfsf sd{rf/Lx?, sd{rf/L ;~rosf]ifdf /sd hDdf u/]sf ;~rostf{ sd{rf/Lx?sf] xsdf C0f ;Demf}tfdf x:tfIf/ x'Fbfsf avt cyf{t ldlt @)^*.)*.@@ df jxfn /x]sf / of] ljj/0f kq :jLs[t ePsf] ldlt @)&%/)^/@( ut];Dd sfod ePsf C0fbftf ;+:yfsf sd{rf/Lx?n] Go'gtd %) lsQf / ;f] eGbf a9L !) c+sn] efu hfg] ;+Vofdf clwstd !,@)) lsQf, ;+:yfks z]o/wgL ;+:yfsf sd{rf/Lx?n] Go'gtd %) lsQf / ;f] eGbf a9L !) c+sn] efu hfg] ;+Vofdf clwstd %)) lsQf tyf sd{rf/L ;+ro sf]ifdf /sd hDdf u/]sf ;+rostf{ sd{rf/Lx?n] Go'gtd %) lsQf / ;f] eGbf a9L !) c+sn] efu hfg] ;+Vofdf clwstd %)) lsQf ;Dd b/vf:t lbg ;Sg] .

sd{rf/L ;~rosf]ifdf /sd ;+lrt ug]{ ;+rostf{, ;+:yfks ;+ul7t ;+:yfsf sd{rf/L / C0fbftf ;+:yfsf sd{rf/Lsf nflu o; ljj/0f kq dfkm{t lgisf;g ul/g] ;fwf/0f z]o/ lgDg adf]lhd k|s[of k'/f ePsf] cj:yfdf z]o/ vl/b ug{ cfj]bg lbg ;Sg]5g\ . != cfj]bsn] b/vf:t kmf/ddf tf]lsP adf]lhd ;Dk"0f{ ljj/0f e/L cfkm}n] b:tvt u/L sd{rf/L ;~rosf]ifdf /sd ;+lrt ug]{ ;+rostf{ jf

;+:yfks ;+ul7t ;+:yfsf sd{rf/L jf C0fbftf ;+:yfsf sd{rf/L k|dfl0ft ug]{ ;DjlGwt lgsfoaf6 hf/L sfuhft ;lxt b/vf:t kmf/d a'emfpg' kg]{5 .

@= ldlt @)^*.)*.@@ df jxfn /x]sf / ;f] ldltb]lv of] ljj/0f kq :jLs[t ePsf] ldlt @)&%/)^/@( ut];Dddf sfod ePsf sd{rf/L ;~ro sf]ifdf /sd ;+lrt ug]{ ;+rostf{, ;+:yfks ;+:yfsf sd{rf/L tyf C0fbftf ;+:yfsf sd{rf/Lx?n]] dfq z]o/ vl/bsf nflu cfj]bg lbg kfpg]5g\ . o; lgisf;gdf cfj]bg lbg]n] o;} sDkgLsf] bf]>f] / t]>f] r/0fdf x'g] ;fj{hlgs lgisf;gdf cfj]bg lbg kfpg] 5}gg\ .

#= lwtf]kq vl/b ug{sf nflu b/vf:t lbg rfxg]n] g]kfn lwtf]kq af]8{af6 cg'dlt lnO{ lwtf]kqsf] ;fj{hlgs lgisf;gsf] s]lGb|s[t ljB'tLo ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ adf]lhd ;fj{hlgs lgisf;gdf Centralized Application for ASBA Based Issuance (C-ASBA) k|0ffnL dfkm{t cfj]bg ;+sng ug{ cfj4 cf:jf (ASBA) ;]jfdf ;xefuL a}+s tyf ljQLo ;+:yf / ltgsf zfvf sfof{nox?af6 cfj]bg lbg ;Sg]5g\ .

cfj]bg lb+bf sd{rf/L ;~ro sf]if ;+rostf{sf] xsdf cfkm"n] sfo{ ug]{ sfof{nosf] sfof{no k|d'vaf6 k|dfl0ft ul/Psf] ;~rostf{ kl/rokqsf] k|ltlnlk k]z ug'{kg]{5 tyf ;+:yfks ;+ul7t ;+:yfsf sd{rf/L / C0fbftf ;+:yfsf sd{rf/Ln] cfj]bg ubf{ cfkm\gf] sd{rf/L kl/ro kqsf] k|ltlnlk k]z ug'{ kg]{5 . tf]lsPsf] cjlwdf sfod /xL o; lgisf;gdf cfj]bg ug{ kfpg] t/ cjsfz k|fKt eO{ kl/ro kq gePsf cfj]bssf] xsdf cfj]bgsf ;fy ;DalGwt ;+:yfsf] l;kmfl/; kq ;dfj]z ug{' kg]{5 .

C-ASBA ;]jfdf ;xefuL a}s tyf ljQLo ;+:yfx?n] cfj]bg kmf/d a'lemln+bf pNn]lvt sfuhft ;+nUg u/] gu/]sf] olsg u/L ;Ssn sfuhft;Fu ?h' u/]/ dfq a'lemlng' kg]{5 / o;/L a'lem lnPsf] kmf/d o; lgisf;gsf nflu g]kfn lwtf]kq af]8{sf] ;dGjodf CDS and Clearing Limited af6 o; lgisf;gsf nflu C-ASBA cGtu{t ljsf; ul/Psf]] ljz]if cfj]bg ;+sng k|0ffnLdf k|ljli6 ug{' kg]{5 .

o; ljj/0f kq dfkm{t lgisf;g ul/g] z]o/ tf]lsPsf JolQmx?sf nflu dfq lgisf;g ul/Psf] x'Fbf cGo cfj]bsx?n] cfj]bg u/]sf] cj:yfdf pQm cfj]bg /2 x'g]5 .

$= ASBA ;]jfdf ;xefuL a}+s tyf ljQLo ;+:yfn] C-ASBA cGtu{t lng] cfj]bgsf] 9fFrf lwtf]kqsf] ;fj{hlgs lgisf;gsf] s]lGb|s[t ljB'tLo ;]jf ;DaGwL sfo{ ;~rfng lgb]{lzsf, @)&$ sf] cg';'rL % adf]lhd x'g' kg]{5 .

%= cfj]bg kmf/d a'emfpFbf b/vf:t kmf/fddf Go"gtd ?kdf v'Ng'kg]{ egL tf]lsPsf ljj/0fx? ;a} :ki6 ?kdf e/]sf] b/vf:t kmf/d a'emfpg' kg]{5 .

^= Ps JolQmn] cfkm'n] lng rfx]sf] ;Dk"0f{ z]o/sf] nflu Psj6f dfq cfj]bg u/]sf] x'g' kg]{5 . olb Ps} JolQmn] Ps eGbf a9L cfj]bg lbPsf] e]l6Pdf lghn] lbPsf] ;a} cfj]bgx?nfO{ /2 ul/g]5 .

&= sd{rf/L ;~rosf]ifdf /sd ;+lrt ug]{ ;+rostf{, ;+:yfks ;+ul7t ;+:yfsf sd{rf/L tyf C0fbftf ;+:yfsf sd{rf/Ln] o; ljj/0f kq dfkm{t lgisf;g ul/Psf] z]o/ vl/bsf nflu cfj]bg lbO{ afF8kmfF6 ePsf z]o/wgLx?n] ;j{;fwf/0f tyf cfof]hgf k|efljt If]qsf jfl;Gbfsf nflu ;fj{hlgs lgisf;g ul/g] ;fwf/0f z]o/sf] nflu k'gM cfj]bg lbg kfpg] 5}gg\ .

*= cfj]bsn] :j]lR5s ?kdf Kofg (PAN No.) gDa/ b/vf:t kmf/ddf v'nfpg ;Sg]5g\ .

u=!!= ;DalGwt kIf aLrsf] sf/f]af/ ;DaGwL ljj/0f M

lgisf;gstf{ ;+ul7t ;+:yf / lgDg lnlvt kIf aLr ljut @ aif{sf] cjlwdf s'g} k|sf/sf] a:t'ut sf/f]jf/ ePsf] jf s'g} sf/f]jf/ ug{ k|:tfj ul/Psf] eP sf/f]jf/df ;+nUg AolQmx?sf] gfd, ltgLx?sf] ;+ul7t ;+:yf ;Fusf] ;DaGw, sf/f]af/sf] k|s[lt / /sd M -s_ ;+ul7t ;+:yfsf] sfo{sf/L clws[t jf ;~rfnssf] ?kdf /x]sf] AolQm M sf/f]af/ gePsf] . -v_ cfwf/e"t z]o/wgL M sf/f]af/ gePsf] . -u_ v08 -s_ / -v_ df pNn]lvt s'g} AolQmsf] Psf3/ kl/jf/sf] ;b:o M sf/f]af/ gePsf] . -3_ ;+ul7t ;+:yfsf] sfo{sf/L clws[t jf ;~rfns jf cfwf/e"t z]o/wgLn] #) k|ltzt jf ;f] eGbf a9L dtflwsf/ x'g] u/L z]o/ :jfldTj u|x0f

u/]sf] sDkgL jf ;+ul7t ;+:yf M ;f] gePsf] . -ª_ ;+ul7t ;+:yf jf To;sf] ;xfos sDkgLn] xfnsf] ;~rfns jf lghsf] Psf3/sf] kl/jf/sf] ;b:osf nflu s'g} sf/f]jf/ jf ;Demf}tf u/]sf] 5 eg]

;f] jf ljj/0f kq k|sfzg ug'{ eGbf # aif{ cufl8sf] cjlwdf ;+:yfsf] ;+rfns jf ;~rfnssf] Psf3/ kl/jf/sf] ;b:osf nflu s'g} sf/f]jf/ jf ;Demf}tf u/]sf] eP ;f] s'/f M s'g} sf/f]jf/ jf ;Demf}tf u/]sf] 5}g .

24

-r_ s'g} ;~rfns jf ;~rfnssf] Psf3/ kl/jf/sf] ;b:onfO{ s'g} C0f lbPsf] jf lgh;Fu lnPsf] eP pQm C0f ;DaGwL lj:t[t ljj/0f h:t} C0f afkt lnPsf] /sd, C0fsf] Aofhb/, C0f lnPsf] ldlt, C0f e'QmfgL cjlw cflb s'/f ljj/0f kqdf v'nfpg' kg]{ M C0f sf/f]af/ u/]sf] 5}g .

u=!@= ljb]zL nufgL / Aoa:yfkg ;DaGwL ljj/0f M ljb]zL nufgL / Aoa:yfkgdf ;+ul7t ;+:yf ;+rfng x'g] eP ;f] sf] ljj/0fsf ;fy} ;DalGwt ;Demf}tfsf] d'Vo tyf tflTjs a'Fbfx? M sDkgLdf ljb]zL nufgL / ljb]zL Aoa:yfkgdf g/x]sf] .

u=!#= ;"rLs[t ;+ul7t ;+:yfn] ;fj{hlgs lgisf;g ug]{ ePdf b]xfosf] ljj/0f pNn]v ug'{ kg]{ M -s_ ;+ul7t ;+:yfsf] ljut # cfly{s aif{sf] k|To]s q}dfl;s cjlwsf] pRrtd, Go"gtd, clGtd ahf/ d"Nosf ;fy} sf/f]jf/ ePsf] z]o/ ;+VofM

lgisf;gstf{ sDkgL ;"rLs[t ;+ul7t ;+:yf gePsf] . -v_ af]8{df ljj/0fkq btf{sf] nflu k|:t't ug'{ eGbf ^ dlxgf cufl8sf] cjlwsf] dfl;s ?kdf pRr, Go"g / clGtd d"Nosf ;fy} k|To]s dlxgfdf

sf/f]jf/ ePsf] s'n lbg / s'n sf/f]af/ ePsf] lwtf]kqsf] ;+Vof M lgisf;gstf{ sDkgL ;"lrs[t ;+ul7t ;+:yf gePsf] .

u=!$= kl5Nnf] ;fj{hlgs lgisf;gsf] cg'dfg tyf pknAwL ;DaGwL ljj/0f M ;f] gePsf] . ;+ul7t ;+:yfn] o; eGbf cuf8L lwtf]kq lgisfzg ubf{ tof/ u/]sf] ljj/0fkq jf cGo ljj/0fx?df pNn]vLt ul/Psf nIo tyf sfo{qmdx? tyf v'b d'gfkmf xfl;n ug{ ;s]÷g;s]sf], g;s]sf] cj:yfdf nIo tyf sfo{qmdsf ;fy} ljj/0fkq jf cGo ljj/0fx?df k|If]lkt v'b d'gfkmf eGbf aL; k|ltzt jf ;f] eGbf a9Ln] Go"g x'g uPsf] eP o;/L km/s kgf{sf] sf/0f M xfn ;Dd s'g} ;fj{hlgs lgisf;g gul/Psf] .

u=!%= k/fdz{bftf÷ laz]if1 ;DaGwL ljj/0f M -s_ n]vfkl/Ifs, k|d'v a}+s, lgisf;g sfo{;Fu ;+nUg a}+s, k|If]lkt ljQLo ljj/0f 7Ls 5 egL k|dfl0ft ug]{ lj1 cflbsf] gfd tyf 7]ufgfM

c_ sDkgLsf] cf= j= @)&#÷&$ sf] cfDbfgL vr{ lx;fa tyf jf;nftsf] n]vfk/LIf0f h]= Pg= pkfWofo P08 sDkgLsf rf6{8 Psfp06]06\;, sf]6]Zj/, sf7df08f}+sf rf6{8 Psfp06]G6, >L huGgfy pkfWofoHo"n] ug'{ePsf] 5 .

cf_ o; sDkgLsf] cf=j= @)&$.&% sf] ckl/is[t ljQLo ljj/0fnfO{ dbg lg/f}nf P08 sDkgL, rf6{8 Psfp06]06\;, cgfdgu/, sf7df08f}+sf tkm{af6 cfGtl/s n]vf k/LIfs rf6{8 Psfp06]06, >L dbg s'df/ lg/f}nfHo"n] k|dfl0ft ug'{ePsf] 5 .

O_ o; lgisf;gsf] nflu k|d'v a}+ssf] Aoa:yf ul/Psf] 5}g . O{_ o; lgisf;gsf] nflu b]xfosf a}+sx?nfO{ lgisf;g a}+s (Banker to the Issue) sf] ?kdf lgo'Qm ul/Psf] 5 .

l;=g+= lgisf;g a}+ssf] gfd, 7]ufgf vftf gDa/ != >L ;flgdf a}+s lnld6]8, gS;fn, sf7df08f}+ . ))!)))!)^%@)& @= >L s'df/L a}+s lnld6]8, k'tnL ;8s, sf7df08f}+ . ))!))!&!$^))))!^ #= >L d]uf a}+s lnld6]8, af}4, sf7df08f}+ . )@%))!))*#*(!

;fy} cfjZostf cg';f/ lgisf;g aGb x'g' cufj} jf]8{nfO{ hfgsf/L lbO{ cGo afl0fHo a}+sx?nfO{ ;d]t o; lwtf]kq lgisf;gsf] nflu lgisf;g a}+ssf] ?kdf lgo'Qm ug{ ;lsg]5 .

p_ o; ljj/0f kqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfg tyf cfwf/x? xfnsf] hnljB't ahf/sf] l:ylt, lgisf;gstf{sDkgLsf] xfnsf] bIftf / lgisf;gstf{ sDkgLn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf] cfwf/df k'g/fjnf]sg u/L ljj/0f 7Ls 5 egL k|dfl0ft ug]{ rf6{8{ Psfp06]06 ;+:yf >L cf/.lk.la. P08 Pzf]l;o6\;, rf6{8{ PsfpG6]06\;, l8NnLahf/, sf7df08f}+sf] tkm{af6 rf6{8{ Psfp06]06 >L lji0f' k|;fb e08f/Ln] k|dfl0ft ug'{ ePsf] 5 .

-v_ dfly v08 -s_ df pNn]lvt ;+:yf jf JolQm;Fu ePsf] ;xdltsf d'Vo d'Vo a'Fbf tyf zt{x? M

-!_ ;+sng s]Gb|x?sf] lgwf{/0f ug]{ . -@_ a}+s/ 6' lb O:o'sf] lgwf{/0f ug]{ . -#_ cfjZostf cg';f/ ;"rgf k|sfzgdf ;xof]u ug]{ . -$_ cfjZostf cg';f/ a}+s tyf ;+sng s]Gb|x?df kqfrf/ ug]{ . -%_ z]o/ lgisf;gsf qmddf ;+sng s]Gb|x?df kmd{ k7fpg], b}lgs ;+sngsf] ljj/0f lng], k7fpg] tyf ;+sng tYof+s g]kfn lwtf]kq

jf]8{df hfgsf/L u/fpg] . -^_ lgisf;gsf] qmddf k|fKt /sd a}+s/ 6' lb O:o'df /fVg, lemSg ;xof]u ug]{ / k|fKt /sdsf] lx;fa ldnfg ug]{ . -&_ z]o/ lgisf;g kZrft CASBA k|0ffnL cGtu{t hDdf ePsf] b/vf:t kmf/d tyf ;+sng s]Gb|x?jf6 kmd{x? ;+sng ug]{, k|f];]l;Ë ug]{,

afF8kmfF6 df]8]n agfpg ;3fpg] ;fy} afF8kmfF6df ;xof]u ug]{ . -*_ afF8kmfF6 kZrft ;DalGwt AolQmx?sf] Demat vftfdf cef}lts z]o/ hDdf u/L z]o/ ;"rLs/0f tyf l;l8P; P08 lSnol/Ë lnld6]8df

btf{sf nflu sDkgLnfO{ cfjZos ;xof]u ug]{ . -(_ z]o/ lgisf;gsf qmddf cfOkg]{ cGo ;Dk"0f{ sfo{x? ug{ u/fpg]df ;xof]u ug]{ .

u=!^= cfof]hgf ;DkGg ug{sf] nflu ;fj{hlgs lgisf;g afx]s cGo ljQLo >f]tx? k|of]u ul/Psf] 5÷5}g, tT;DaGwL ljj/0f M o; dWo ef]6]sf]zL hnljB't cfof]hgf lgdf{0f ug{ ;+:yfks z]o/wgLx?af6 r'Qmf ePsf] k'FhL tyf sd{rf/L ;~rosf]ifaf6 k|fKt C0f /sd ;d]t cfof]hgfsf] lgdf{0fsf nflu Aoj:yf ul/Psf] 5 . sd{rf/L ;+rosf]if;Fu ePsf] C0f ;Demf}tfdf pNn]v ePsf shf{ ;DaGwL s]xL d'Vo ljj/0fx¿M l;=g+= a'Fbf ljj/0fx? ! z'? shf{ /sd shf{ lng ;lsg] hDdf /sdM

^,!$!,^%),))).–-5 ca{ rf}w s/f]8 ;f]x| nfv krf; xhf/_xfn;Dd lnOPsf] shf{ /sdM@,&#!,)*),))).–-b'O{ ca{ lqxQ/ s/f]8 bz nfv c;L xhf/_

@ shf{sf] e'QmfgL cjlw

!% -kG„_ jif{

# shf{ e'QmfgLsf] tl/sf

Aofh e'QmfgL != cfof]hgfsf] Jofkfl/s pTkfbg kZrft C0fL sDkgLn] sf]ifnfO shf{sf] Aofh q}dfl;s ?kdf cflZjg, kf}if, r}q /

25

cfiff9 d;fGtdf e'QmfgL ug]{5 . @= C0fL sDkgLn] sf]ifnfO{ lgoldt ?kdf Aofh e'QmfgL gu/]df pQm e'QmfgL gePsf] Aofhdf e'QmfgL gePsf] cjlwsf]

nflu lgwf{l/t Aofhb/df yk @ k|ltzt xhf{gf Aofh ltg]{5 . #= q}dfl;s Aofhb/ a'emfpg] efvf gf3]sf] # -tLg_ dlxgfleq klg C0fL sDkgLn] Aofh ga'emfPdf To:tf] Aofh a'emfpg

sf]ifn] lrlnd] hnljB't sDkgLnfO{ hfgsf/L lbg]5 . lrlnd] hnljB't sDkgLn] hfgsf/L k|fKt ePsf] ldltn] ;ft lbg leq sf]ifnfO{ C0fL sDkgLn] a'emfpg' kg]{ Aofh e'QmfgL ug]{÷u/fpg]5 .

;fFjf e'QmfgL != sf]ifn] C0fL sDkgLnfO{ pknAw u/fPsf] shf{sf] Psd'i6 ;fFjf -k"lhs[t Aofh ;lxt_ osLg u/L k|To]s aif{sf] cflZjg,

kf}if, r}q / cfiff9 d;fGtdf ltg{'kg]{ $) ls:tfsf] !) aif]{ e'QmfgL tflnsf agfpg]5 . ;f] e'QmfgL tflnsf cg'?k C0fL sDkgLn] sf]ifnfO{ ;fFjf /sd e'QmfgL ug]{5 .

@= C0fL sDkgLn] C0f ;Demf}tfdf pNn]lvt shf{ lkmtf{ e'QmfgL tflnsfdf ;dfj]z ePsf] eGbf a9L /sd clu|d e'QmfgL -Pre-Payment_ u/]df o;/L clu|d e'QmfgL u/]sf] /sddf !% aif{ k'Ug afFsL cjlwsf] nflu aflif{s @ -b'O{_ k|ltztsf b/n] clu|d e'QmfgL z'Ns a'emfpg] 5 . t/ Jofkfl/s pTkfbg z'? ePsf] % aif{ cl3 C0fL sDkgLn] sf]ifsf] :jLs[lt glnO{ clu|d e'QmfgL ug{ kfpg] 5}g .

#= e'QmfgL tflnsf cg'?k tf]lsPsf] ldltaf6 !% lbg leq C0fL sDkgLn] ;fFjf ls:tf ga'emfPdf To:tf] ;fFjf a'emfpg sf]ifn] lrlnd] hnljB't sDkgLnfO{ hfgsf/L ug]{5 . lrlnd] hnljB't sDkgLn] hfgsf/L k|fKt ePsf] ;ft lbg leq To:tf] ;fFjf /sd sf]ifnfO{ e'QmfgL ug]{÷u/fpg]5 .

$= C0f sDkgLn] tf]lsPsf] ;dodf ;fFjf ls:tf e'QmfgL gu/]df e'QmfgL gePsf] cjlwsf] nflu efsf gf3]sf] ;fFjf ls:tfsf lgwf{l/t Aofhb/df yk @ k|ltzt xhf{gf Aofh a'emfpg' kg]{5 .

%= C0fL sDkgLn] a'em]sf] /sdaf6 sf]ifn] ;fFjf Aofh lx;faldnfg ubf{ k|fyldstfsf] cfwf/df k]gfn Aofh, ;fwf/0f Aofh, AofhdfyLsf] Aofh, / ;fFjf qmdzM 36fpg]5 .

$ ls:tf /sd cfof]hgf lgdf{0f cjlw ;DkGg eP kl5 dfq C0f e'QmfgLsf] nflu ls:tf lgwf{/0f u/L e'QmfgL ug]{ Joj:yf ePsf] .

% Aofh b/ shf{sf] aflif{s Aofhb/ !@=%) -afx| bzdna kfFr_ k|ltzt x'g]5 . ljQLo ahf/df k|rlnt shf{sf] Aofhb/nfO{ ;d]t b[li6ut u/L C0f ;Demf}tf ePsf] ldltnfO{ cfwf/dfgL aflif{s ?kdf Aofhb/ k'g/fjnf]sg ul/g]5 .

^ xfn;Dd e'Qmfg u/]sf] shf{ /sd

cfof]hgf lgdf{0f cjlw ePsf]n] xfn;Dd e'QmfgL gePsf] .

& afFsL /sd IDC ;lxt afFsL /sdM #,#$&,()%,$)(.%& -tLg ca{ rf}+tL; s/f]8 pgfgc;L nfv kfFr xhf/ rf/ ;o gf} ?k}ofF / k};f ;GtfpGg .

u=!&= d'2f tyf ljjfb ;DaGwL ljj/0f M

-s_ ;+ul7t ;+:yfsf] t/ntf, df}Hbft, sfo{ ;+rfngdf tflTjs c;/ kg]{ vfnsf] s'g} d'2fdfldnf jf ljjfb eP ;f] ;DaGwL ljj/0f tyf pk/f]Qm d'2f jf ljjfbsf] sf/0faf6 kg{ ;Sg] k|efj ;DaGwdf Aoj:yfkgsf] wf/0ff M gePsf] .

-v_ ;+ul7t ;+:yfnfO{ c;/ kg]{ u/L ;+:yfsf] ;+:yfks÷;+rfnsn] jf nfO{ bfo/ ul/Psf] d'2f ;DaGwL ljj/0f M gePsf] . -u_ ljut kfFr jif{df ;+ul7t ;+:yfsf] s'g} ;+:yfks÷;~rfns sfnf] ;"rLdf k/]sf] jf s'g} g}lts jf cfly{s sf/0faf6 s'g} lgodg lgsfo jf cbfntn]

;hfo u/fPsf] eP, To:tf] ;+:yfks÷;~rfnssf] gfd / ;hfo ug]{ lgodg lgsfo jf cbfntsf] gfd pNn]v ug'{kg]{ M gePsf] . -3_ ;+ul7t ;+:yf a}+s jf ljQLo ;+:yfdf C0f glt/L l8kmN6 ePsf], lgod cg';f/sf] z'Ns glt/]sf], lwtf]kqjfnfx?sf] s'g} /sd e'QmfgL gul/Psf] eP

tT;DaGwL ljj/0fx? M gePsf] . u=!*= u'gf;f] ;'Gg] / ;dfwfg ug]{ k|s[of M

lgisflzt lwtf]kq ;DalGw nufgLstf{x?sf] u'gf;f] tyf ;'emfj ;'Gg tyf ;f] sf] ;dfwfgsf nflu lgisf;g sDkgL tyf lwtf]kq lgisf;g tyf laqmL k|aGwssf] sfof{nodf Ps ljz]if sIfsf] Aoj:yf ul/Psf] 5 . nufgLstf{x?n] b]xfosf] dfWod dfkm{t cfˆgf] u'gf;f] tyf ;'emfjx? k|]lift ug{ ;Sg]5g\ .

!= lgisf;gstf{ sDkgLsf] tkm{af6 >L sdn k|;fb kl08t – kmf]g g+=$&@!^$!, $&@!^$@ tyf Od]nM kamalpa@mbjcl.com.np @= lgisf;g tyf ljqmL k|jGwssf] tkm{af6 >L k|ljgf yklnof – kmf]g g+= $@@@$^) tyf Od]nM info@globalimecapital.com #= sd{rf/L ;~rosf]ifsf tkm{af6 M-

-s_ ;~rostf{sf] nflu >L lbg]z s'df/ s]=;L=, kmf]g g+= (*%!@@*(^%, Od]nM dinesh.kc@epfnepal.com.np -v_ sf]ifsf sd{rf/Lsf] nflu >L bfdf]b/ ;'j]bL, kmf]g g+= %)!)!*#,(*$!@(%(@), Od]nM damodar.subedi@epfnepal.com.np $= g]kfn ljB't k|flws/0fsf] tkm{af6 >L 8f]ngfy vgfn, kmf]g g+= $!%#))!, (*%!#&#@%^, Od]nM admindiv@nea.org.np >L Oi6ldq df:s], kmf]g g+= $!%#))), (*%!)^^*!&, Od]nM istamitra@nea.org.np %= lrlnd] hnljB't sDkgL ln=sf] tkm{af6 >L >L/fh ah|frfo{,kmf]g g+=$#&)&&#÷&(#, Od]nM shreeraj.bajracharya@chilime.com.np

u=!(= gub glnO{ s;}nfO{ lwtf]kq lgisf;g ul/Psf] 5 eg] To:tf] AolQm jf ;d"xsf] gfd, v/Lb ul/Psf] ;DklQ jf ;]jf ;DaGwL ljj/0f, lgisf;g ul/Psf]

lwtf]kqsf] ;+Vof / b/ ;DaGwL ljj/0f M ;f] gePsf] . u=@)= C0fkq lgisf;g ;DaGwL ljj/0f M xfn;Dd sDkgLn] C0fkq hf/L u/]sf] 5}g . u=@!= cu|flwsf/ z]o/ lgisf;g ;DaGwL ljj/0f M ;f] gePsf] . u=@@= cGo ;fdfGo hfgsf/L M

-s_ ljz]if1sf] s'g} /fo ePdf, ;f] sf] ljj/0f M o; ljj/0f kqdf pNn]lvt ljQLo ljj/0f tyf k|If]k0fsf] cg'dfgx? tyf cfwf/x? ut cf=j=x?sf] n]vf kl/If0f eO{;s]sf ljQLo ljj/0fx?, ljB't ljqmL ;Demf}tf, cfof]hgf ;dflKtsf] cjlw tyf ;f]sf] nfutsf] cg'dfg, cfof]hgfsf nflu C0f lng] ;DaGwdf sd{rf/L ;+rosf]if, lrlnd] hnljB't sDkgL

26

tyf sDkgL aLr ePsf] lqklIfo ;Demf}tf, ljb]zL d'›f ljlgdo b/sf] k|If]k0f, /fHosf] cg'dflgt ljQLo tyf df}l›s gLlt Pj+ xfnsf] hnljB't ahf/sf] l:ylt, sDkgLsf] xfnsf] bIftf / sDkgLn] k|fKt u/]sf] xfn;Ddsf] sfo{ k|ultsf] cfwf/df k'g/fjf]nf]sg u/L ljj/0f 7Ls 5 egL k|dfl0ft ug]{ rf6{8{ Psfp06]06 ;+:yf >L cf/.lk.la. P08 Pzf]l;o6\;, rf6{8{ PsfpG6]06\;, l8NnLahf/, sf7df08f}+sf] tkm{af6 rf6{8{ Psfp06]06 >L lji0f' k|;fb e08f/Ln] k|dfl0ft ug'{ ePsf] 5 . cfof]hgfsf] lgdf{0f ;DkGgdf lanDa nufot cGo ljljw sf/0fn] sDkgLsf] Jofkfl/s pTkfbg ;'? x'g] ldlt l9nf x'g uPdf k|If]k0f ul/Psf cfDbfgL tyf vr{sf glthfx? s]xL km/s kg{ hfg] /fo /x]sf] 5 . -v_ ut tLg cfly{s jif{ leqdf s'g} ;+rfns, n]vfk/LIfs kl/jt{g ePsf] eP, ;f] sf] sf/0f M ;+:yfks sDkgL tyf C0fbftf sDkgLaf6 sd{rf/Lsf] lhDd]jf/L x]/km]/ x'g] sf/0fn] ;~rfns ;ldltdf x]/km]/ x'g] u/]sf] . xfn;Dd ;~rfns ;ldtLdf ePsf] kl/jt{g b]xfo adf]lhd /x]sf] 5 .

qm= ;+=

;~rfnsx?sf] gfd kb k|ltlglwTj ul/Psf] ;+:yf ;~rfnsdf axfn /x]sf] cjlw

b]lv ;Dd

!= >L s'ndfg l3l;ª cWoIf lrlnd] hnljB't sDkgL ln= @)^&.)(.!* @)&!.)$.)^

@= >L lxt]Gb| b]j zfSo cWoIf lrlnd] hnljB't sDkgL ln= @)&!.)$.)& @)&@.)*.@#

#= >L sGx}of s'df/ dfgGw/ cWoIf lrlnd] hnljB't sDkgL ln= @)&@.)*.@$ @)&#.)^.#)

$= >L uf]/] z]kf{ ;~rfns g]kfn c/lgsf] xfO8«f]kfj/ s+=k|f= ln= @)&@.)$.@^ @)&@.)^.@%

%= >L hoGb| >]i7 ;~rfns lrlnd] hnljB't sDkgL ln= @)^&.)(.!* @)&!.)&.!!

^= >L xl/ k|;fb e"t]{n ;~rfns sd{rf/L ;~rosf]if @)^(.)$.)( @)&@.)@.)*

&= >L t'n;L /fd 9sfn ;~rfns lrlnd] hnljB't sDkgL ln= @)^*.)%.@% @)&!.!!.#)

*= >L n]vgfy sf]O/fnf ;~rfns g]kfn ljB't k|flws/0f @)&).!@.)& @)&!.)^.!$

(= >L w|'a e§/fO{ ;~rfns sd{rf/L ;~ro sf]if @)&@.)@.)( @)&@.!!.#)

!)= >L g/]z nfn >]i7 ;~rfns l;Gw' OGe]i6d]G6 sDkgL k|f=ln= @)&).!!.@& @)&@.)#.#!

!!= >L s]bf/ vqL If]qL ;~rfns g]kfn c/lgsf] xfO8«f]kfj/ s+= k|f= ln= @)&@.)^.@^ @)&#.)&.#)

!@= >L jL/]Gb| df]xg e§/fO{ ;~rfns sd{rf/L ;~rosf]if @)&@.!@.)! @)&$.!).@(

!#= >L o'j/fh b'nfn ;~rfns l;Gw'kfNrf]s xfO8«f]kfj/ s+= ln= @)&#.)*.)! @)&$.)(.@(

!$= >L e/t /fh j:tL ;~rfns sd{rf/L ;~ro sf]if @)&$.!!.)@ @)&%.)!.@% n]vfk/LIfsdf ePsf] kl/jt{g M nuftf/ # jif{eGbf a9L Ps} JolQmn] n]vfkl/If0f ug{ gkfpg] lgodfg';f/ n]vfk/LIfsdf kl/jt{g x'g] u/]sf] . o; sDkgLsf xfn;Ddsf n]vf kl/Ifsx?sf] ljj/0f b]xfo adf]lhd /x]sf] 5 . qm= ;+=

n]vfk/LIfssf] gfd, 7]ufgf n]vfk/LIf0f u/]sf]

cf=a=

!= l;=P= >L w|'a clwsf/L, >L Pd=lh=P;= P08 Pzf]l;o6\;, rf6{8{ PsfpG6]06\;, cgfdgu/, sf7df08f}+ . cf=a=@)&$.)&%

@= l;=P=>L huGgfy pkfWofo,>L h]=Pg= pkfWofo P08 sDkgL, rf6{8{ PsfpG6]06\;, sf]6]Zj/, sf7df08f}+. cf=a=@)&#.)&$

#= l;=P=>L huGgfy pkfWofo, >L h]=Pg= pkfWofo P08 sDkgL, rf6{8{ PsfpG6]06\;, sf]6]Zj/, sf7df08f}+ . cf=a=@)&@.)&#

$= l;=P=>L huGgfy pkfWofo, >L h]=Pg= pkfWofo P08 sDkgL, rf6{8{ PsfpG6]06\;, sf]6]Zj/, sf7df08f}+ . cf=a=@)&!.)&@

-u_ sDkgL ;lrjsf] gfd, 7]ufgf / of]Uotf M afnsf]6, eQmk'/ lgjf;L afl0fHo zf:qdf :gftsf]Q/ tyf sfg'gdf :gfts z}lIfs of]Uotf xfl;n u/L hnljB't If]qsf] ljQLo Aoj:yfkgdf sl/j @& jif{ ;d]t u/L ljleGg If]qsf] Aoj:yfksLo lhDd]jf/Ldf s/Lj #! jif{eGbf al9sf] sfof{g'ej

ePsf >L tf]dnfn ;'j]bL o; sDkgLsf] sDkgL ;lrjsf] ?kdf sfo{/t /xg' ePsf] 5 . -3_ ;fj{hlgs lgisf;g uf{sf nflu ;~rfns ;ldltaf6 ePsf] lg0f{o ;DjGwL ljj/0f M

sDkgLn] cfˆgf] hf/L k'FhL ?=^,))),))),)))/- -cIf/]kL 5 cj{ dfq_ sf] k|yd r/0fdf !(=%% cyf{t ?=!,!&),))),))).– /sd a/fa/sf] ?=!)).– c+lst b/sf] !!,&)),))) lsQf z]o/ sd{rf/L ;~rosf]ifdf ;~ro ug]{ ;~rostf{ sd{rf/Lx?, #=%% cyf{t ?=@!),))),))).– /sd a/fa/sf] ?=!)).– c+lst b/sf] @,!)),))) lsQf z]o/ ;+:yfks z]o/wgL ;+:yfsf sd{rf/Lx? -lrlnd] hnljB't sDkgL ln=, g]kfn ljB't k|flws/0f, l;Gw'kfNrf]s xfO8«f]kfj/ sDkgL ln=, l;Gw' OGe]i6d]G6 sDkgL k|f=ln=, g]kfn c/lgsf] xfO8«f]kfj/ sDkgL k|f=ln=, tyf l;Gw' ef]6]sf]zL xfO8«f]kfj/ ln=_ / !% cyf{t

27

?=^),))),))).– /sd a/fa/sf] ?=!)).– c+lst b/sf] ^)),))) lsQf z]o/ C0fbftf ;+:yfsf sd{rf/L -sd{rf/L ;~rosf]ifsf sd{rf/Lx?_ sf nflu lgisf;g ug]{ ;DjGwdf sDkgLsf] ldlt @)&%.)#.!$ df a;]sf] !*! cf}+ ;+rfns ;ldltsf] a}7sn] k|s[of cuf8L a9fOg] lg0f{o u/]sf] 5 .

-ª_ ;+ul7t ;+:yf jf o;sf z]o/wgLnfO{ s'g} ljz]if s/ ;'ljwf lbOPsf] eP, ;f] ;DaGwL ljj/0f M of] cfof]hgfaf6 k|fKt x'g] cfodf !) jif{ cfos/ 5'6 tyf ;f] kZrft % aif{sf] nflu %) k|ltzt cfos/ 5'6 k|bfg ul/Psf] 5 .

-r_ ;+ul7t ;+:yfsf] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f ePsf] jf;nft, gfkmf gf]S;fg lx;fj / gub k|jfx ljj/0f k|fKt ug{ jf x]g{ ;Sg] 7fpF / ;do M sfof{no ;doleq lgDg lnlvt :yfgx?df sDkgLsf] kl5Nnf] cfly{s jif{sf] n]vfk/LIf0f ePsf] jf;nft, gfkmf–gf]S;fg lx;fj tyf gub k|jfxsf]

ljj/0f k|fKt ug{ jf lg/LIf0f ug{ ;lsg]5 . != sDkgLsf] /lhi68{ sfof{no, j8f g+= #, dxf/fhu+h, sf7df08f}+ . @= lwtf]kq lgisf;g tyf laqmL k|aGws >L Unf]an cfOPdO{ SofkL6n lnld6]8, hdn, sf7df08f} . #= ;x—lgisf;g tyf laqmL k|aGwsx? qmdzM k|e' Soflk6n lnld6]8, sdnfbL, sf7df8f}+, l;len Soflk6n dfs]{6 lnld6]8, ;'Gwf/f, sf7df8f}+,

nIdL Soflk6n dfs{]6 lnld6]8, gofF afg]Zj/, sf7df8f}+, l;ljcfO{Pn Soflk6n lnld6]8, l8NnLahf/, sf7df8f}+, ;flgdf Soflk6n lnld6]8,

gS;fn, sf7df8f}+, PgcfO{ljPn P; Soflk6n lnld6]8, nflhDkf6, sf7df8f}++ -;Demf}tf x'Fbf P; Soflk6n ln= /x]sf]_।

-5_ af]g; z]o/ ;DaGwL Joj:yf M xfn;Dd af]g; z]o/ hf/L ul/Psf] 5}g . eljiodf k|rlnt P]g / g]kfn lwtf]kq af]8{sf] k|rlnt af]g; z]o/ lgisf;g ;DaGwL Joj:yf cg';f/

af]g; z]o/ hf/L ug{ ;Sg]5 .

-h_ z]o/jfnf, sd{rf/L jf c? s;}sf] nflu z]o/ ;'/lIft ug]{ Joj:yf ul/Psf] ePdf ;f] s'/f M sDkgLsf] ;fwf/0f z]o/dWo] k|yd r/0fdf sd{rf/L ;+ro sf]ifdf /sd hDdf ug]{ ;+rostf{ sd{rf/Lx?nfO{ s'n z]o/sf] !(=% k|ltztn] x'g cfpg] !!,&)),))) lsQf z]o/, C0fbftf ;+:yf -sd{rf/L ;+ro sf]if_sf sd{rf/Lx?nfO{ ! k|ltztn] x'g cfpg] ^)),))) lsQf z]o/ / ;+:yfks z]o/wgL ;+:yfsf sd{rf/Lx?nfO{ #=% k|ltztn] x'g cfpg] @,!)),))) lsQf z]o/ u/L hDdf @$ k|ltztn] x'g], bf];|f] r/0fdf cfof]hgf k|efljt l;Gw'kfNrf]s lhNnfsf :yflgo afl;Gbfsf nflu !) k|ltztn] x'g cfpg] ^,))),))) lsQf z]o/ / ;j{;fwf/0f -sd{rf/Lx? ;d]t_ sf nflu !% k|ltztn] x'g cfpg] (,))),))) lsQf z]o/ / ;f] cGtu{t lgisf;g x'g] z]o/af6 lgodfg';f/ sDkgLsf kbflwsf/L, Aoj:yfkg tyf cGo sd{rf/LnfO{ afF8kmfF6 ul/g] .

-em_ sDkgLn] sDkgL P]gn] u/]sf] Joj:yfx?, cfˆgf] sf/f]af/;Fu ;DalGwt P]g, lgod tyf lgodg Joj:yf k"0f{ kfngf u/]sf] ;DaGwdf u/]sf] pb\3f]if0f M sDkgLn]] sDkgL P]g, @)^# n] u/]sf] Aoj:yfx¿ cfkm"n] ug]{ Aoj;fo;+u ;DalGwt P]g, lgod tyf lgodg Aoj:yf tyf lgodg

lgsfox?n] lbPsf] lgb]{zgx?sf] k"0f{ ?kdf kfngf u/]sf] 5 / ;f]xL lgb]{zgx¿sf] bfo/fleq /xL sfo{ ul//x]sf] / o; ljj/0f kqdf pNn]v ul/Psf] ljj/0fx¿ ;d]t ;f]xL cg'?k tof/ ul/Psf] xf] eGg] sDkgLsf] pb\3f]if0f /x]sf] 5 .

-`_ lwtf]kq laqmL ljt/0f ;DaGwL Joj:yf M o; ljj/0f kq dfkm{t lgisflzt ;fwf/0f z]o/sf] cfj]bg kmf/fd g]kfn lwtf]kq af]8{af6 :jLs[lt k|fKt u/]sf ;Dk"0f{ cf:jf (ASBA) ;b:o a}+s tyf ljQLo ;+:yfx? / ltgsf zfvf sfof{nox?df b/vf:t /sd a'emfpg ;lsg]5 .

-6_ qm]l86 /]l6Ë ;DaGwL Aoa:yf M o; ljj/0f kq cg';f/ ;fwf/0f z]o/sf] nflu æqm]l86 /]l6Ë lgodfjnL, @)^*Æ sf] lgod # df ePsf] Aoa:yf adf]lhd g]kfn lwtf]kq af]8{af6 cg'dlt k|fKt qm]l86 /]l6Ë ;+:yf s]o/ /]l6+u g]kfn ln=, hdn, sf7df08f}+af6 qm]l86 /]l6Ë u/fO{ æs]o/ Pglk cfO{lkcf] u|]8 $++Æ k|df0fkq k|fKt u/]sf] 5 . æs]o/ Pglk cfO{lkcf] u|]8 $++Æ n] Below Average Fundamentals eGg] a'lemG5 . s]o/ /]l6+u g]kfnn] ! b]lv % KjfOG6;Dddf u|]l8Ë k|bfg ub{5 . h;df u|]8 ! n] alnof cfwf/ hgfpF5 eg] u|]8 % n] sdhf]/ cfwf/x? hgfpF5 . qm]l86 /]l6Ë ;DaGwL ljj/0f o; ljj/0f kqsf] cg';"rLdf ;+nUg ul/Psf] 5 . s]o/ /]l6+u g]kfn ln= n] o; sDkgLnfO{ ldlt @)&%.)@.!* -h'g !, @)!*_ ut]sf] kqaf6 qm]l86 /]l6Ë u|]8 k|bfg u/]sf] xf] .

-7_ ljj/0f kq tof/ ug]{ JolQmsf] gfd, y/, z}lIfs of]Uotf / cg'ejsf] ljj/0f M o; ljj/0f kq tof/ kfg]{ Aoj;flos ;+:yfdf lwtf]kq lgisf;g tyf laqmL k|aGws Unf]an cfOPdO{ SofkL6n lnld6]8, hdn, sf7df08f}+ /x]sf] 5 .

-8_ ;sf/fTds kIfx? M !_ cfof]hgfaf6 k|fKt x'g] cfodf klxnf] !) jif{ cfos/ 5'6 tyf ;f] kZrft % aif{sf] nflu %) k|ltzt cfos/ 5'6 k|bfg ul/Psf] x'Fbf nfef+zsf]

b/ a9L /x]sf] . @_ sDkgL tyf cfof]hgf Aoj:yfkgdf bIf Pj+ cg'ejL hgzlQm /x]sf]n] of] sDkgL g]kfndf hnljB't cfof]hgfsf] ljsf; / lgdf{0fsf] sfo{

;dod} ;DkGg ug{ ;kmn x'g] ck]Iff ul/Psf] . #_ hnljB'tsf] If]qdf cWoog cg';Gwfg tyf ljsf; sfo{df of]hgfa4 9+un] ;dlk{t eP/ sfd ul//x]sf]n] o; sDkgLsf] eljio pHHjn /x]sf] .

-0f_ z]o/ /lhi6«f/ ;DaGwL Joj:yf M g]kfn :6s PS;r]Gh lnld6]8df ;"lrs/0f u/] kZrft\ z]o/sf] bflvn vf/]h, b:tvt ?h' cflb ;DaGwL sfo{ o; sDkgLsf] sfof{noaf6 jf sDkgLsf] ;~rfns ;ldltn] tf]s] adf]lhd z]o/ /lhi6«f/sf] sfof{noaf6 x'g] u/L Aoj:yf ul/g]5 .

-t_ lwtf]kq laqmL v'Nnf cjlw M o; ljj/0f kq dfkm{t lgisf;g ul/g] ;fwf/0f z]o/sf] nflu cfj]bg lbg] cjlw b'O{ r/0fdf ljefhg ul/g]5 . klxnf] r/0fdf sd{rf/L ;~rostf{

cfj]bsx?sf] nflu !% -kGw|_ sfo{ lbgsf] nflu cfj]bg v'Nnf ul/g]5 . bf];|f] r/0fdf ;~rostf{ cfj]bsx?af6 cfj]bg lng] sfo{ aGb ePsf] # -tLg_+ sfo{ lbg kZrft ;+:yfks ;+ul7t ;+:yfsf sd{rf/L tyf C0fbftf ;+:yfsf sd{rf/Lx?sf] nflu & sfo{ lbgsf] nflu cfj]bg v'Nnf ul/g]5 . kl5Nnf] k6s lgisf;g aGb ePsf] ldltn] lwtf]kq lgisf;g tyf afF8kmfF6 lgb]{lzsf, @)&$ df ePsf] Joj:yf cg';f/ lwtf]kq afF8kmfF6 ul/g]5 .

u=@#= -s_ a}+sLË laQLo jf aLdf ;DaGwL Aoj;fo ug]{ ;+ul7t ;+:yf afx]ssf cGo ;+ul7t ;+:yf lwtf]kq btf{ tyf lgisfzg lgodfjnL, @)&# sf] lgod ( pk-lgod # adf]lhd lwtf]kqsf] ;fj{hlgs lgisf;g ubf{ b]xfosf zt{x? k'/f u/]sf] x'g' kg]{ 5 M

s=;+= zt{x? kfngf eP/gePsf]

s= cfˆgf] p2]Zo cg';f/ sf/f]af/ ;~rfng ug{sf nflu cfjZos sfo{x? cufl8 a9fO{ Ps jif{sf] cjlw k"/f u/]sf] .

kfngf ePsf] .

28

v= k|rlnt sfg"g adf]lhd n]vfkl/If0f tyf ;fwf/0f ;ef ;DkGg u/]sf] .

o; sDkgLn] sDkgL P]g, @)^# adf]lhd ;fwf/0f ;ef ub}{ cfO/x]sf] / ldlt @)&$.)*.!* ut] ;DkGg 5+}7f}+ aflif{s ;fwf/0f ;efaf6 rf6{8{ Psfp06]06 ;+:yf Pd=lh=P;= P08 P;f]l;P6\;sf rf6{8{ Psfp06]06 >L w|'j clwsf/LnfO{ sDkgL cf=a= @)&#/&$ sf] nflu n]vfkl/Ifs lgo'Qm ul/Psf] .

u=

cfˆgf] p2]Zo cg';f/ sf/f]af/ ;~rfng ug{sf nflu k|rlnt sfg"g adf]lhd s'g} lgsfoaf6 Ohfht, cg'dlt jf :jLs[lt lng'kg]{ ePdf To:tf] Ohfht, cg'dlt jf :jLs[lt lnO;s]sf] .

dWo ef]6]sf]zL hnljB't sDkgL ln= n] ldlt @)^&.)&.!# df sDkgL /lhi6«f/sf] sfof{nodf btf{ eO{ ldlt @)&).)*.!* df !)@ d]=jf= Ifdtfsf] dWo ef]6]sf]zL hnljB't cfof]hgf lgdf{0f sfo{sf] nflu >L phf{ dGqfnoaf6 ljB't pTkfbg cg'dlt k|fKt u/]sf] .

3=

;+ul7t ;+:yfsf] nflu cfjZos kg]{ hUuf v/Lb jf cGo k|sf/n] Aoj:yf u/L sf/vfgf ejg, sfof{no ejg, uf]bfd3/ tyf cGo cfjZos ;'ljwfx?sf] lgdf{0f sfo{ z'? ul/;s]sf] .

pQm sfo{x? ;DkGg eO{ cfof]hgf lgdf{0f sfo{ eO{ /x]sf] .

ª=

pTkfbg k|ljlw 5gf}6 u/L pBf]usf] nflu cfjZos kg]{ oflGqs pks/0f tyf To;sf kf6{k"hf{ cflb vl/b ug{'kg]{ ePdf 6]08/ cflb u/L v/Lb k|s[of cufl8 a9fO{ ;s]sf] .

o; sDkgLsf] nflu cfjZos kg]{ oflGqs pks/0f tyf To;sf kf6k'hf{ cflb vl/b ug{ 7]Ssf ;Demf}tf eO{ ;f] cg';f/ sfo{ eO/x]sf] .

r= lwtf]kqsf] ;fj{hlgs lgisf;g ;DaGwdf lgisf;g tyf laqmL k|aGws;Fu ;Demf}tf e};s]sf] .

lgisf;g tyf ljqmL k|aGws >L Unf]an cfOPdO{ SofkL6n ln= tyf cGo ^ j6f ;x lgisf;g tyf ljlqmL k|aGws sDkgLx?;Fu ldlt @)&$.)!.@! df ;Demf}tf ePsf] .

5= cfof]hgfsf] lgdf{0f cjlwe/ sDkgLsf] C0f / kF"hLsf] cg'kft lwtf]kq lgisfzg lgb]{lzsfdf tf]lsPsf] cg'kftdf /fVg ;xdt ePsf] .

sDkgLn] cfof]hgf lgdf{0f cjlwe/ sDkgLsf] C0f / k'FhLsf] cg'kft lwtf]kq lgisf;g lgb]{lzsfdf tf]lsP adf]lhd /fVg ;xdt ePsf] .

h= ;+:yfksx?n] lng sa'n u/]sf] lwtf]kqsf] /sd zt k|ltzt r'Qmf e};s]sf] .

;+:yfksx?n] cfkm'n] lng sj'n u/]sf] /sd zt k||ltzt r'Qmf e};s]sf] .

em= kl/of]hgf lgdf{0fsf nflu kmfOgflG;on Snf]h/ (Financial Closure) e};s]sf] .

o; sDkgLn] lgdf{0f ub}{ cfO/x]sf] dWo ef]6]sf]zL hnljB't cfof]hgf lgdf{0fsf nflu dWo ef]6]sf]zL hnljB't sDkgL ln=, lrlnd] hnljB't sDkgL ln= / sd{rf/L ;~rosf]if aLr ldlt @)^* d+l;/ @@ ut] lqkIfLo C0f ;Demf}tf eO{ kmfOgflG;on Snf]h/ e};s]sf] .

~f= hnljB't pTkfbg ;+:yf ePdf, ljB't vl/b ;Demf}tf ul/;s]sf] / hnljB't u[x tyf cGo k"jf{wf/x? lgdf{0fsf] nflu 6]08/ cfJxfg ul/;s]sf .

o; sDkgLn] g]kfn ljB't k|flws/0f;Fu ldlt @)^*.)&.@* df ljB't vl/b ;Demf}tf ul/;s]sf] / hnljB't u[x tyf cGo k"jf{wf/ lgdf{0fsf nflu 7]s]bf/ 5gf}6 u/L sfo{x? ;Dkfbg ub}{ cfPsf] .

6= ;j{;fwf/0fsf nflu lgisfzg ug{ nfu]sf] z]o/x? lgb]{zgdf tf]lsP adf]lhd k|Tofe"lt u/fPsf] .

xfn ;j{;fwf/0fsf nflu z]o/ hf/L gx'g] ePsf]n] k|Tofe'tL ug{ cfjZos gePsf] .

-v_ o; ljj/0f kqdf k|sflzt tYo tyf ljj/0fx? 7Ls b'?:t 5g, ;f] df s'g} km/s k/]df xfdL ;~rfnsx? k"0f{ ?kdf lhDd]jf/ x'g]5f}+ egL ;xL 5fk ug]{ ;~rfns tyf lj1x?sf] gfd tyf b:tvt M

l;=g+= ;~rfnsx?sf] gfd kb b:tvt

!=

>L x//fh Gof}kfg] j8f g+= !*, e}+;]kf6L, nlntk'/ . -k|ltlglw M lrlnd] hnljB't sDkgL ln=_

cWoIf

@=

>L n]vgfy sf]O/fnf sf7df08f}+ d=g=kf= #@, l;gfd+un, k]K;Lsf]nf, sf7df08f}+ . -k|ltlglw Mlrlnd] hnljB't sDkgL ln=_

;~rfns

#=

>L t'n;L /fd 9sfn 6f]vf g=kf= j8f g+= %, sf7df08f}+ . -k|ltlglw Mlrlnd] hnljB't sDkgL ln=_

;~rfns

$= >L a|h e'if0f rf}w/L ;'o{ ljgfos g=kf= j8f g+= #, gofF a:tL, eQmk'/ . -k|ltlglw M g]kfn ljB't k|flws/0f_

;~rfns

%= >L bfdf]b/ eQm >]i7 ;fgf] e¥ofË, sf7df08f}+ . -k|ltlglw Mlrlnd] hnljB't sDkgL ln=_

;~rfns

^= >L g/]z nfn >]i7 sf=d=g=kf= #$, led;]guf]nf, k'/fgf] afg]Zj/, sf7df08f}+ . -k|ltlglw M l;Gw' OGe]i6d]G6 s+= k|f= ln=_

;~rfns

&= >L cf]d s[i0f >]i7 gdf]a'4 g=kf= (, sfe|]knf~rf]s . k|ltlglw M sd{rf/L ;+ro sf]if_

;~rfns

29

u=@$ lgisf;g tyf laqmL k|aGwssf] k|:t't u/]sf] k|lta4tf kq -8\o' 8]lnh]G;\ ;l6{lkms]6_ sf] k|lt M

30

u==@% ljj/0f kq, ljQLo ljj/0f tyf cGo s'g} s'/fdf lj1n] /fo lbPsf] eP ;f] ;DaGwL kq M