Darchula Power Appoints Muktinath Capital as Issue and Sales Manager for Public Share Offering

Darchula Power Pvt. Ltd. has appointed Muktinath Capital Limited as the issue and sales manager for offering 30,00,000 ordinary shares at Rs. 100 each, representing 20% of the company, to the general public. Signed by Chairman Satish Neupane and CEO Kabindra Dhoj Joshi, the agreement supports the company’s hydropower development goals.

Darchula Power is constructing the 28.304 MW Chamelia Run-of-River Hydropower Project in Marma Rural Municipality, Darchula, aiming to connect it to the National Grid within the next 18 months. The project is primarily promoted and funded by API Power Company Limited, a leading player in Nepal’s electricity sector.