K.L. Dugar Group invests in four hydroelectric projects; IPOs in near future

Editor’s Note: Following news is based on our conversation with Mr. Kumud Dugar, MD of K.L. Dugar Group. Exclusive interview with Mr. Dugar will be published on Sunday afternoon. K.L Dugar Group along with other promoters has investments in four hydropower projects in Nepal. The projects are Charanawati Hydroelectrical Project (3.5MW), Lower Modi Khola Hydroelectrical Project (20 MW), Lower Charanawati (6.4MW) and Ankhu Hydropower Projects (42.9 MW). Charanawati Hydroelectrical Project (CHP) has been generating electricity of 3.5 MW  since 2013. CHP is located in Bhimeshwor Municipality ward no 8, 9 & 11 and Magapauwa Village Development Committee of Dolakha District. Construction of Lower Charanawati Hydroelectrical Project (LCHP) will begin within two months and is scheduled to generate electricity from October 2017. It is a cascade project of existing CHP. The Lower Modi Hydroelectric Project (LMHEP) is located in Deopur, Bajung, Tilahar,Durlung and Chuwa Village Development Committee of Parbat District.70% of work has been completed in Lower Modi Khola which is scheduled to produce electricity from December 2016. Hydro Solutions Group, K. L. Dugar Group, Murarka Group, Shanker Group and Debenara Group are key shareholders in LMHEP. K.L. Dugar Group is in final stages of acquiring license of Ankhu Hydropower Projects (42.9 MW) from Hydro Solutions group. The Ankhu project is expected to generate electricity four years from now. Ankhu Hydropower Project is a run of river type project located at Ree, Darkha and Jharlang VDCs of Dhading. Furthermore, K.L. Dugar group along with other promoters aims to build hydroelectricity projects with capacity of 100 MW, 250 MW and so on. Mr. Dugar said “Initial Public Offering of Nepal Hydropower Development Pvt. Ltd. is in pipeline." All of our hydropower will come up with public issue eventually, added Mr. Dugar. Big projects like Ankhu Hydropower Projects (42.9 MW) will be offering IPO sooner than aforementioned projects. When it comes to bigger projects company needs higher amount of capital to complete the project. Thus, IPO of such companies are expected to come sooner.