Ghalemdi Hydropower Project in final stage; IPO worth Rs 15.50 crore to be issued soon

The construction works of Ghalemdikhola Hydropower Project have progressed around 90 per cent of the total physical infrastructure. The project of 5.5 megawatt capacity is likely to come into operation within four months, the officials said. 
Secretary of Ghalemdi Hydro Limited Bimal Rijal said that development of intake, tunnel, penstock, pipe installation and powerhouse has reached in the final stage adding that test transmission would be done most probably by April 2019. 
The project was initiated some four years ago from the industrialists and business leaders of Myagdi district but the project was delayed due to Gorkha Earthquake, India’s economic blockade on Nepal, geographical remoteness and Baisari landslides in the Kaligandaki River. 
Total cost of the project is estimated around Rs 1.15 arba. 
Likewise, the company is preparing to issue initial public offering (IPO) of 15.50 lakh units of share.