Arun Valley Hydropower to develop 10MW Arun Valley Kabeli-C project soon

Arun Valley Hydropower Development Company Limited (AHPC) is 3 MW hydropower project. The projects under AHPC are Piluwakhola Hydropower Project (3MW), Ridikhola Hydropower (2.4 MW), Kabeli-B1 Hydropower (25MW) and Arun Kabeli Hydropower Project (25 MW). Ramesh Prasad Neupane, Executive Director of Arun Valley Hydropower said, ‘We are also planning to develop 10MW Arun Valley Kabeli C, a cascade project. AHPC will have 100% stake in this project. For this project, the company is seeking survey license from the government.’ Recently, 25 MW Arun Kabeli Power had issued 15, 00,000 unit shares worth Rs 15 crore as a part of its Initial Public Offering (IPO) for the locals of project affected people of Taplejung and Panchthar district on Jestha 3, 2073. AHPC has 51% stake in the company. So once the Kabeli project comes into operation and in revenue generation than AHPC revenue will increase massively too. Earlier, the company had distributed 11 percent cash dividend from the profit it made in 2071/72 FY to its shareholders. This year there is high chance the company may propose 10% bonus share to its shareholders. AHPC has earned net profit of Rs 4.94 crore in the third quarter of the current fiscal year 2072/73. Its last trading price (LTP) in NEPSE stood at Rs 415 as on June 23, 2016.