Directory Tag: Singati Hydropower IPO Result
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 it’s result from here: Singati Hydropower IPO Result Chick 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.
