Samling Power Company IPO for Local -Apply Now

Samling Power Company IPO for Local: Samling Power Company Limited has issued the 5,00,000 unit IPO shares to the project-affected locals of Ilam District on Bhadra 18, 2078. The issue date is fixed for Shrawan 22, 2078 but it was postponed due to the pandemic and restrictions of movement.

The issue manager of this IPO is Nepal SBI Mechant Banking Limited. The project-affected locals can apply to the Samling Power Company Limited IPO from Bhadra 18 to Ashwin 01. If it will be unsubscribed till that date, the issue will be extended up to Ashwin 17, 2078. The interested locals applicants can apply in this IPO a minimum of 10 units and a maximum of 20,000 units from Mero Share and local banks.

Samling Power Company Limited has a plan to issue a total of 12.3 Lakh unit shares to public in two phase. The first phase is for local public and the second phase will be for general public.After the issuance of shares to locals and general public its capital will be reached Rs 50 crore. Nepal gave this IPO rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer rating double B minus).

Samling Power Company IPO for Local –About Company

Located in the middle reach of Mai River in the Ilam district of the eastern part of Nepal, Mai Beni Hydropower Project is a Run-of-River type hydropower project with an installed capacity of 9.51 MW. The Project is the pilot project of Urja Developers Pvt. Ltd., which embarked on construction in May 2018. The components of the project lie between an elevation of 490m and 645m above mean sea level. All the major components of the project are within a 5km distance from the Mechi highway. The construction of all project components and installation of overall Hydromechanical components and Electromechanical equipment have been completed. Likewise, the testing and commissioning of overall project components have been completed. The trial operation of the power plant is expected to commence by September 2021.

Salient Features

  • Installed capacity: 9.51 MW
  • Project Location: Maijogmai Rural Municipality & Ilam Municipality, Ilam district, Province – 1
  • Type of Scheme: Run-of-River (RoR)
  • Gross Head: 147.5 m
  • Net Rated Head: 134 m
  • Design Discharge: 8.4 m3/s
  • Net Annual Energy: 53.28 GWh
  • Headrace tunnel: 2565 m
  • Headrace pipe: 1789 m
  • Power Evacuation to: Godak Substation ( 4 km from Powerhouse)

Progress Updates

  • Financial Closure was concluded in December 2018 with Nepal SBI Bank Ltd. as a lead bank and Siddhartha Bank Ltd. as a member bank.
  • Construction and upgradation of all infrastructures required for the project are completed.
  • Construction of entire project components including Diversion Weir, Undersluice, Intake, Gravel Trap, Approach Canal, Settling basin, Headrace pipe, Headrace Tunnel, Surge pipe, Penstock pipe, Powerhouse, Switchyard, Tailrace, and River Protection works is completed.
  • Installation, Testing, and Commissioning of all Hydromechanical Component and Electromechanical Equipment are completed.
  • Construction of Transmission line is completed including its Testing and Commissioning.
  • Construction of Permanent camp for the accommodation of Project Operation Team is completed and the respective team has mobilized to site.
  • Landscaping works in the Powerhouse and Permanent Camp area are in progress.

Key Milestones

  • Power Purchase Agreement (PPA) – November 2016
  • Generation License – April 2018
  • Construction Start – May 2018
  • Financial Closure – December 2018
  • Required Commercial Operation Date (RCOD) – November 2021
Kaamkura © 2019 About Us | Kaam