Daramkhola Hydro Energy Limited has submitted an IPO proposal to SEBON (Securities Board of Nepal). The proposal outlines the issuance of 3,950,000 shares, with the aim of raising Rs. 39.5 crores for the company. This application was submitted on Bhadra 05, 2080.
For the public offering, Laxmi Capital has been appointed as the issue manager.
Daram Khola Hydroelectric Project, situated in Galkot-11 of Baglung district, is a run-of-river project that harnesses the water from Daram Khola. It boasts an installed capacity of 9.6 MW and includes various components like a diversion weir, intake structures, headrace pressure pipe, surge tank, penstock pipe, powerhouse, tailrace canal, and switchyards. The electricity generated by the project will be connected to the 33 kV Harichaur Substation. To facilitate this, the company plans to construct a 14 km long 33 kV transmission line from the powerhouse to the Harichaur substation in Baglung district.