CEDB Hydro Fund SGM today; to increase issued capital

CEDB Hydro Fund Limited is convening its Special General Meeting (SGM) today (Ashad 8 2073). The AGM is going to be held at Gulab Restaurant, Sundhara, Kathmandu at 11:30 AM. Main agenda of the SGM is to increase issued capital and amend the article of association accordingly. The register of their shareholders will remain close on Jestha 25, 2073 till Ashad 8, 2073 for the purpose of SGM. CEDB Hydro Fund was established in the year 2009 by Clean Energy Development Bank Limited to promote and develop hydropower projects in Nepal.  The aim of the company is to invest and construct hydropower projects. The company promoted 3 hydropower projects like Radhi Hydropower Projetc (4.4 MW), Syange Hydropower Project (183 KW) and Khudi Hydropower project (4 MW) are in operation at present. Dordi Khola Hydropower Project (10.3 MW) at Lamjung District, Rukum Gad Hydropower Project (5 MW) Rukum District and Lower Khare Hydropower Project (11 MW) Dolkha District are in the construction phase. Initial study is being carried out for 45 MW Kasuwa Khola Hydropower Project as well. The company has an authorized capital of Rs 1 arba.