5 hydropower companies in pipeline to issue IPO

Initial Public Offerings of a string of public limited companies are in the pipeline.   There are five hydropower companies in pipeline to issue IPO.

Crowdfunding

The liquidity surplus situation with a very limited investment opportunity has made IPO a popular choice among investors.  Now it seems like it doesn’t matter what sector you throw in. Every IPO seems to be overwhelmingly oversubscribed.

Development partners vow to extend Rs 200 billion

The Asian Development Bank (ADB), along with other development partners, has promised to extend assistance of over Rs 200 billion for implementation of the action plan, ‘National Energy Crisis Prevention and Electricity Development Decade’, which was unveiled by the Ministry of Energy envisaging developing 10,000 megawatts of hydroelectricity within the next 10 years.