Rasuwagadhi Hydropower Plans to Raise Funds in IPO

Published: Sep 07 2017
Deal Summary

Rasuwagadhi Hydropower Co Ltd, a subsidiary of Chilime Hydropower Company Limited (CHPCL), intends to issue 10 million units of shares in an initial public offering (IPO).

Rasuwagadhi Hydropower is developing Rasuwagadhi hydroelectric project situated in Rasuwa district of Central Development Region, Nepal. The total installed capacity of the power plant will be 111 MW. Chilime Hydropower holds 33% stake, the Nepal Electricity Authority (NEA) holds 18% stake, Nepali citizens hold 15% stake, locals hold 10% stake, EPF hold 19.5% stake and others hold 4.5% stake in the project.

Siddhartha Capital Limited., NIBL Capital Markets Limited, Global IME Capital Limited. and NCM Merchant Banking Ltd are acting as financial advisors to the company for the offering.

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