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Hydropower Companies Awaiting for Approval to Issue IPOs

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 June 29: Thirteen hydropower companies are going to issue their IPOs in the near future.

Out of 19 companies which are awaiting the approval for issuance of IPOs and FPOs from SEBON, 13 applicants are from hydropower sector.

Apart from banks and financial institutions (BFIs), applications from hydropower companies asking for approval to issue common shares for capital increment has also increased, claims Niranjaya Ghimire, deputy director of SEBON.

The mandatory provision imposed by the government for hydropower projects to include 10 percent shareholders from among the locals of the affected area has made the sector more attractive for investors.

The companies awaiting approval are Sanjen Jalavidhyut, Rasuwagadhi Hydropower, Ankhukhola Hydropower, Garjyang Upatyaka Hydropower Company, Joshi Hydropower Development, Subham Power, Panchakanya Mai Hydropower, Radhi Bidyut, Laughing Buddha Power, Unique Hydel, Panchakanya Jalabidyut, Nepal Hydro Developer and Nyadi Hydropower Ltd.

 

 

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