Kathmandu. KATHMANDU: Himalayan Energy Limited and Citizens Capital Limited have signed an agreement for the IPO issuance. The agreement was signed by Laxmi Bhattarai, CEO of Himalayan Energy and Sabir Bade Shrestha, CEO of Citizen Capital.
As per the agreement, Citizens Capital Limited will now be the issue manager for the IPO of Himalayan Energy Limited.
The Kalinchowk Hydropower Project is located in Thami village of Kalinchowk Ward No. 1 of Dolakha district and has the capacity to generate 3 MW of electricity.
The AGM of the company held on September 26, 2081 approved the paid-up capital of the company at Rs 500,000 and decided to issue 20% of the total shares to the general public. Citizens Capital Limited has been assigned the responsibility of managing and executing the IPO process.
The Himalayan Energy Limited has adopted a long-term strategy to promote investment in potential energy projects and infrastructure sectors other than Kalinchowk Project. The company aims to play an active and strategic role in the sustainable expansion of the energy production and investment sector and contribute to the national energy development. The company aims to complete the project on time and contribute to the national electricity system.
