NIBL Ace Capital appointed as the issue manager for the issuance of 9 lakh unit shares of Sayapatri Hydropower

NIBL Ace Capital has been appointed as the issue manager by Sayapatri Hydropower Limited. The hydropower company will be issuing 10% and 20% shares from its issued capital to the local people of project affected area (Baglung District) and general public respectively. Dr. Badri K.C, Chairman of Sayapatri Hydropower and Mr Mekh Bahadur Thapa, General Manager of NIBL Ace Capital had signed on the agreement. Sayapatri Hydropower is going to issue 3 lakh unit shares for the project affected locals and 6 lakh unit shares for the general public. Currently, the company’s authorized capital is Rs 50 crore and has the issued capital of Rs 30 crore. Sayapatri Hydropower Limited has invested in the construction and operation of 2.5 MW Daram Khola ‘A’ hydropower project in Baglung district. The project has started its commercial electricity production since Asar 12, 2073.