Barahi Hydropower (BHPL) Submits 1:1 Right Issue Proposal to Electricity Regulatory Commission

Barahi Hydropower Public Limited (BHPL) has decided to submit a proposal to the Electricity Regulatory Commission for pre-approval for the purpose of issuing the right shares in the ratio of 1:1 or 100%.

Recently, 25,00,000 unit IPO shares of Barahi Hydropower have been listed in NEPSE. The paid-up capital of the company is Rs. 25 Crores, so the revamped paid-up capital of the company will be Rs. 50 Crores.

The company is issuing right shares in order to construct Simkosh Khola Hydroelectric Project and Lower Theule Khola Hydropower Project owned by the company.