NRN Infrastructure and Development to Invest in 21 MW Hydropower Project

NRN Infrastructure and Development Limited (NRN) has decided to invest in 21 MW Aayu Molung Khola Hydropower Project which is located in Okhaldhunga's Molung Rural Municipality.

The decision was made during the board meeting held on Tuesday, Shrawan 19, 2083. Under the decision, the company plans to invest in 10 lakh units  promoter shares of Aayu Molung Hydropower Limited, at a face value of Rs. 100 per share amounting to a total proposed investment of Rs. 10 crores.

The company said the decision is subject to regulatory procedures and has informed the concerned authority accordingly.