Sunday, March 25, 2012

Barun Hydro to go

KATHMANDU, MAR 24-2012

Barun Hydropower — which constructed the Hewakhola hydro-power project in Jaljala VDC of Sankhuwasabha — will be the fifth hydropower company to be listed at the Nepal Stock Exchange . The 4.5 MW hydel project with an authorized capital of Rs 35 million started commercial production on August 6, 2011. It has an issued capital of Rs 24.30 million, of which 30 per cent will be floated to the public, said the company that has appointed Civil Capital as its issue and sales manager for its primary shares. Civil Capital’s chief executive Bhisma Raj Chalise and Barun Hydro-power managing director Dedh Raj Khadka signed an agreement on behalf of their respective companies. “Of the 30 per cent public shares, the company will distribute 10 per cent shares to locals of Sankhuwasabha.

Source: THT

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