People’s Hydropower to Sell 500,000 Shares of Upper Hewakhola Hydropower

People’s Hydropower Company Limited has announced its plan to sell 500,000 shares of Upper Hewakhola Hydropower Company Limited that it currently holds. The decision has been taken to meet the company’s financial requirements, according to an official notice issued by the company.

The notice stated that the shares will be sold in the secondary market after assessing the appropriateness and necessity of the sale. The information has been made public in accordance with Clause 11 of the “Guidelines on Prior Approval and Regulation Related to Public Issuance of Shares of Electricity-Related Companies, 2078” issued by the Electricity Regulatory Commission. The company said the disclosure aims to inform the general public and stakeholders about the proposed share sale, as required by prevailing regulatory provisions.