Singati Hydropower IPO Result will open in coming Friday, but not sure till now. Singati Hydropower IPO opened to the general public from 6th Chaitra to 10th Chaitra, 2077. Singati Hydropower IPO
With 29 lakh shares. A total of 2 % for employees, 5% for mutual funds and remaining 26,97,000 units were for public investors. Mega Capital Markets Limited was the issue manager for the IPO issuance.
Public investor can check Singati Hydropower IPO Result from here: Singati Hydropower IPO Result https://iporesult.cdsc.com.np Click Here
Water resources is the major nautral resources identified for the development of Nepal. Nepal has a large hydropower potential amounting to 83,000MW. So far less that 1% of total potential has been exploited at present in spite of higher demand resulting in severe load shedding.
To meet the increasing power demand much attention has been given to study different scale projects. The funding requirements for such projects have so far delayed the implementation and have created a critical situation in the power supply. It is therefore utmost important to be involved INPD into the system to expedite the hydro-power in Nepal. Recognizing this, Nepal government authorities started looking for other projects which could be implemented with in a short time frame. Singati Khola Hydropower project is one of the super six projects licensed to private sectors through national bidding process to be implemented immediately.
Singati Khola Hydropower Project is obtained through competitive bidding process by Singati Hydro Energy Ltd. and is called as one of the super six project. Singati Hydro Energy Ltd. (SHEL) has got license to develop 25 MW Singati Khola Hydropower Project in Dolakha District. The feasibility study, Supplementary Environmental impact assessment study has been completed and has already signed power evacuation agreement; power purchase agreement with Nepal Electricity Authority (NEA) also syndicated loan agreement from commercial Banks. SHEPL has already acquired the required land for different project structures and few areas are in process.
The proposed site of Singati Khola Hydropower Project lies within the longitudes from 86° 07 ’05” E to 86°09’55” E and latitudes from 27°44’00” N to 27°47’17” N.
The project is located in the north-eastern part of Dolakha District, Central Development Region of Nepal. It is located about 27 km (aerial distance) north-east of Charikot Bazaar, the headquarters of Dolakha District.
VISION
To be the Nepal’s largest and best power producer admired for developing affordable clean power, powering Nepal’s growth.
MISSION
o To adopt global best practices and become a leading power generating company.
o To carry out and operate project in a cost effective, environment friendly and socio-economically responsive manner.
o To improve the lives of local populations.
o To aim to make electricity as driving force of the economy.
o To maintain a culture of value, ethics and integrity in the organization.
OBJECTIVES
o To harness hydro power potential of the country for the benefit of the people at large by optimally utilizing the untapped resources with the private sector
o To ensure attractive and sustainable long term return to our shareholders through prudent and sound investment.
o To create a competitive working environment with long term career prospects to our employees whereby they will nurture a culture to learn, grow and put their best effort to the growth of the company.
o To identify the feasibility of hydro power project, EIA & prepare detail project report.
Hydroelectricity generation through optimal utilization of resources within the country.
o To develop, build,own and operate hydropower projects
o To conduct studies, research and training in power generation sector.
