LS Capital's Laxmi Sustainable Energy Fund to Invest in Puwa Khola-One Hydropower Limited

LS (Laxmi Sunrise) Capital's Laxmi Sustainable Energy Fund (LSEF) has made a significant stride in sustainable energy by investing in Puwa Khola-One Hydropower Limited. The agreement, signed by LS Capital Chairman Mr. Rajiv Sapkota and Puwa Khola-One Hydropower Chairman Mr. Kiran Malla, marks the beginning of a dedicated long-term sustainability initiative. LS Capital is the first company to receive approval from the Fund Manager to operate a Private Equity and Venture Capital Fund, which boasts a fund size of Rs. 1 Arba.

Furthermore, LS Capital has secured approval as the first merchant bank to open a Private Equity Fund, focusing primarily on renewable energy investments, including hydro, solar, and wind energy. The completion of the Puwa Khola Hydropower Project by Puwa Khola-One Hydropower Limited in the Ilam district, generating 4 megawatts of electricity, bolsters LS Capital's portfolio in sustainable investments. Committed to responsible investing, LS Capital has signed the Impact Principles, enhancing market discipline, transparency, and credibility, with these principles initiated by the International Finance Corporation (IFC).