Thu, Mar 14, 2019 12:47 PM
Securities Exchange Board of Nepal (SEBON) has added 37,05,000 unit initial public offering (IPO) of Trishuli Jal Vidhyut Company Limited in the IPO pipeline.
The company will be issuing 37.05 lakh unit shares of Rs 100 face value each for the general public. Global IME Capital Limited has been appointed as the issue manager for the IPO issuance.
Trishuli Jal Vidhyut Company Limited (TJVCL) is a public limited company established in 11th May 2011 to harness the hydropower potential of the country at a reasonable rate with the full utilization of the available national water resources.
The company is jointly formed by Nepal Electricity Authority (NEA) and Nepal Doorsanchar Company Limited (NDCL). The company is planning to develop Upper Trishuli 3B Hydropower Project (UT3BHEP) with installed capacity of 37 MW located in Nuwakot and Rashuwa District. UT3BHEP is a run-off-river (ROR) type cascade project of Upper Trishuli 3A HEP (60 MW) which lies in the Trishuli River.
The cost for the construction of the 37MW project is estimated to be Rs 8.22 arba. Out of which the consortium (NABIL, HIDCL and Nepal Bank) will provide 70% i.e. Rs 5.76 arba for the project.
Similarly, the project will have the ownership according to the ownership structure of Trishuli Hydropower Company which can be seen in the graph presented below: