Solu Khola hydro project to float 1.05 crore unit shares in IPO; biggest private sector-led project of Nepal with installed capacity of 86 MW completes 72% excavation work

Sahas Urja ltd, the developer of 86 MW Solu Khola Dudh Koshi hydro project will issue its 1.05 crore unit shares to project affected locals and to the general public in a near future.

the Solu Khola project is the biggest hydro project in nepal promoted by the private power producers and is being built with a total estimated cost of Rs 11.86 arba where NIBL led a consortium of nine banks have lend Rs 8.65 arba.

Out of its paid up capital of Rs 2.50 arba, the hydro project will be floating IPO worth Rs 1.05 arba. The project has so far achieved more than 72% Underground Exavation work, as per the media statement.