Setikhola Hydropower appoints Kumari Capital as issue manager to float its 60 lakh unit ordinary shares; 20 MW project in Pokahra to go into Operation next year

Setikhola Hydropower has appointed Kumari Capital as the issue manager for the issuance of its 60 lakh unit ordinary shares to public investors.

The MoU was signed between the CEO of the merchant bank Mr. Puspa Sharma and the chairman of the hydropower Mr.  Anup Acharya amid a program, as per the media statement.

The power developer company expects to begin producing 20 MW power from this project from Shrawan 13, 2081, 55 % of the construction work is completed so far and a total estimated investment stands at Rs 505 crore, as per the media statement.