Upper Tamakoshi Hydropower Project and Its IPO; Fully Explained

Here is my speculation and the review of Upper Tamakoshi Hydro Electricity Project.

Unbundling of NEA starts

KATHMANDU, Feb 23: The government has started unbundling of the Nepal Electricity Authority (NEA) deeming that development of energy sector suffered while generation, transmission and distribution/sale of electricity were handled through a single body.

IndusLaw, Shearmans, Clifford Chance, Nepal firm on $140m hydropower financing

IndusLaw, Shearman & Sterling and Neupane Law Associates advised the Dutch development financing institution, FMO and a consortium of lenders on the $142.5m financing of the proposed 82 MW Nepalese Lower Solu hydropower project.

IFC to hold energy event on March 5

KATHMANDU, FEB 22 - The International Finance Corporation (IFC) will host a one-day event on Nepal’s energy sector on March 5 in the Capital.

Nepal IPB approves development of hydropower projects

The Nepal Industrial Promotion Board (IPB) has approved the development of hydropower projects in the county.

Overwhelming response by the residents of Darchula and Baitadi districts.

Api Power Company Limited floated 10 percent of its issued capital to the local residents of Darchula and Baitadi districts, a mandatory requirement by Government of Nepal. These two districts are located in far western region of Nepal. Api Power Company Limited offered one million shares at Rs 100 each.

Upper Khimti hydropower project completes financial closure

Himalaya Urja Bikash Company, developer of 12MW Upallo Khimti Hydropower Project, has completed financial closure of the project.

Financial closure of Iwa Khola hydropower project 9.9 MW on the way

A consortium of banks led by Bank of Kathmandu (BoK) is going to do the financial closure of 9.9 MW Iwakhola developed by Rairang Hydropower Development Company Limited very soon. Rairang Hydropower Development Company Limited is a subsidiary company of Ridi hydropower development company limited promoted by Mr. Guru Prasad Neupane, a renowned person in the field of Nepalese hydropower.

Sebon to allow infra cos to raise fund before IPO

KATHMANDU, FEB 04 - The Securities Board of Nepal (Sebon) has planned to allow infrastructure companies to conduct a pre-initial public offering so that they can raise funds for their projects before construction starts.