Barun Hydro to go

KATHMANDU, MAR 24: 

Barun Hydropower — which constructed the Hewakhola hydropower project in Jaljala VDC of Sankhuwasabha — will be the fifth hydropower company to be listed at the share market. The 4.5 MW hydel project with an authorised capital of Rs 35 million started commercial production on August 6, 2011. It has an issued capital of Rs 24.30 million, of which 30 per cent will be floated to the public, said the company that has appointed Civil Capital as its issue and sales manager for its primary shares. Civil Capital’s chief executive Bhisma Raj Chalise and Barun Hydropower’s managing director Dedh Raj Khadka signed an agreement on behalf of their respective companies. “Of the 30 per cent public shares, the company will distribute 10 per cent shares to locals of Sankhuwasabha. 

Source: THT