Nyadi Hydropower Company issues IPO for local public from Today

Nyadi Hydropower Company Limited has issued the total of 15,00,000 unit IPO shares to local public of Lamjung District’s marshyangdi VDC Ward No. 03 (former Khudi VDC Ward No. 01, 02, 03 & 06) Ward No. 06, 07 & 08 (Former Bahundada VDC and Bhulbhule VDC all Wards) from today. Local investors can apply the Nyadi Hydropower Company IPO from 1st – 15th Bhadra, 2078. The IPO date will be extended up to Bhadra 30, 2078 If it unsubscribed by Bhadra 15, 2078. Applicants can apply for a minimum of 10 units and a maximum of 50,000 units for this IPO.

The company has planned to issue the 30% of paid up capital to public. In the first lot, it has issued for local public and in second lot, it will be issues for general public. The company’s total registered shares is 1,50,00,000 shares . Out of which 40,50,000 shares will be issued to the public. After the IPO is issued in two lots, the company’s paid-up capital will be reached Rs 1.5 Arba and the company’s promoter and public shareholding ratio will be 73 % and 27%.

The IPO issuance issue manager is the Global IME Capital Limited and NMB Captial Limited is the co-issue manager  which is the one of the best capital in Nepal. According to ICRA Nepal Limited, the IPO of Ngadi Group Power Limited got CARE-NP BBB – (Is) [Pronounced triple B Minus (Issuer Rating)] ICRA rating. Ngadi Group Power Limited is building 30 MW run-of-river, Nyadi Hydropower Project (NHP) in Marshyangdi Municipality, Lamjung district of Nepal.

Technical features of the project

Type of the projectRun-of-the River
Project locationBahundanda VDC, Lamjung District
Dam siteNaiche, Bahundanda VDC, Ward 2
Powerhouse siteBahundanda VDC, Ward No.7
Installed Capacity30 MW
Average annual energy168.5 GWh
Gross head333.9 m
Design flow11.02 m3/s
Catchment area at intake site154.7 km2
Design Flood Discharge        509 m3/s (100 Yrs Flood)
Settling basin               128 m (L), 8 m (W), 10 m (H)
Length of Headrace tunnel    3.937 km
Turbine type                        Horizontal Axis Pelton
Turbine Installation               3 nos. with 10 MW capacity
Transmission Line                 7 km long of 132 kV capacity
Construction period            4 years

In spite of the fact that Nepal’s hypothetical hydroelectric potential is gigantic, to date, Nepal has overseen to tackle as it were little division of such possibility coming about shortage of power in Nepal. Government’s endeavors are not as it were sufficient to fulfill the higher request for power within the nation. Realizing the reality, the government arrangement is presently to maximize private segment inclusion within the division of water asset improvement for the development of huge, medium as well as little hydropower ventures to continuously fulfill the power request of the nation conjointly to draw in the remote venture for the advancement of the water asset by creating the Hydropower ventures. Realizing the situation, Nyadi Hydropower Constrained was set up to create Nyadi Hydropower Extend within the consortium of the Butwal Control Company and the Lamjung Power Improvement Company Constrained as a major share holder. Nyadi Hydropower Extend (NHP) may be a run-of-river sort venture, found in Lamjung Area.

The whole extend region (i.e. admissions to powerhouse) is found inside the Bahundanda Town Improvement Committee (VDC) in Lamjung Area, Gandaki Zone. NHP is found on the correct bank of Nyadi Khola which is one of the tributaries of the Marsyangdi Waterway. The proposed admissions location of the venture is found roughly 2.50 km upstream of Naiche town of Bahundanda VDC and almost 9 km upstream of the juncture of the Nyadi and the Marsyangdi Streams. Additionally, the powerhouse has been proposed close Thulobeshi town of Bahundanda VDC approximately 3 km downstream from Naiche Town.

The extend has an introduced capacity of 30 MW and will produce 168.5 GWh of vitality annually. Water from the Nyadi Stream will be occupied to the settling bowl by developing a 14 m long and 10 m tall dam and after that to the powerhouse through the tunnel. The underground powerhouse will contain three Pelton turbines. The tailrace water from the powerhouse will be discharged back to the Nyadi Waterway through a 222 m long tailrace tunnel. The created control will be transmitted through a 7 km long 132 kV capacity transmission line to the Khudi Center to be built by the Nepal Power Specialist at Khudi VDC of Lamjung area. From there the Nyadi Hydropower Venture power will be connected to the national framework.

The closest town from venture location is Beshisahar, which is the head quarter of Lamjung locale and is almost 176 km west from Katmandu, capital of Nepal. The primary 130 km segment of the thruway in between Katmandu to Dumre could be a portion of Prithivi Rajmarg and the rest 46 km from Dumre to Beshisahar is connected by Bhanubhakta Interstate. The venture location is gotten to by a regular street of around 20 km from Beshisahar to Thakanbesi. Nyadi Hydropower Restricted has developed remaining convenient street upto proposed admissions location which is at Naiche Town of Bahundanda VDC. The street passes through powerhouse location at Thulobesi of Bahundanda VDC.

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