Phedikhola Hydropower Company Announces IPO Launch! Invest in Hydropower
Are you looking for investment opportunities in Nepal? Phedikhola Hydropower Company Limited is set to launch an Initial Public Offering (IPO), offering a significant chance for investors to participate in the burgeoning hydropower sector! This is a great chance for Nepalese investors and anyone interested in renewable energy investment.
The hydropower company has decided to issue an IPO worth 175 million Nepalese Rupees (approximately $1.3 million USD as of today). This move comes after the company’s general assembly decided to increase capital and open shares to the public. If you’re interested in how to invest in IPOs in Nepal, keep reading!
Phedikhola Hydropower Company is currently constructing a 4.3-megawatt hydropower project located in the Salpasillichho Rural Municipality-6 of Bhojpur district. The project, named Phedikhola Hydropower (Thumlung), is aiming for completion by the end of Poush (mid-January) of the current fiscal year. While the initial estimated cost was 940 million Rupees, the recent floods in August 2024 have increased the project’s estimated cost to 980 million Rupees. This presents a dynamic situation for investment analysis.
The project’s financing structure includes 480 million Rupees (49%) coming from the company’s own capital, demonstrating a strong commitment to the hydropower venture. The remaining 500 million Rupees have been secured through a loan from Rastriya Banijya Bank. The company has also decided to increase its authorized capital by 100 million Rupees, bringing it up to a total of 700 million Rupees. A portion of that is now going to be available to the public through the IPO release. This is a fantastic opportunity for both experienced investors and first-time IPO applicants.
Investing in Hydroelectric Power is becoming an increasingly attractive option, and Phedikhola Hydropower Company is also expanding its portfolio through strategic investments. They have decided to invest 50 million Rupees in Wonders Energy’s 9-megawatt Khimti Ghwangkhola project and 150 million Rupees in the 15-megawatt Irkhuwa Khola project. With a long-term vision, the company aims to develop projects totaling at least 100 megawatts by the year 2090. Learn how to apply for an IPO in Nepal today.
Stay tuned for more updates on the Phedikhola Hydropower IPO! This is a valuable opportunity to invest in the future of Nepal’s hydropower. This article contains investment advice, so consult a financial advisor before investing. Learn how to trade stocks in Nepal and expand your financial portfolio.
