Bhujung Hydropower To Issue IPO Of 5 Lakh Shares.

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Bhujung Hydropower, founded in 2015, is a company focused on hydropower development. They are currently working on the Upper Midim Hydropower Project (UMHPP) with a capacity of 7.5 MW. UMHPP is situated in the Lampung district of Nepal. The estimated project cost is NRS 1.46 billion. They have a Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA), targeting a commercial operation date (RCOD) of July 21, 2021. The company obtained a generation license on September 11, 2020, valid for 35 years.

About Bhujung Hydropower Company Limited’s IPO

Bhujung Hydropower Company Limited is currently in the process of going public (IPO).

The company submitted its application to the Securities Board of Nepal (SEBON) on Bhadra 21, 2080 BS. The sale of shares to the public can only proceed once SEBON grants approval.

If SEBON approves, the hydropower company will release 500,000 shares in the initial public offering, each with a par value of Rs. 100, totaling Rs. 5 crores.

Kumari Capital Limited has been appointed as the issue and sales manager for this process.

The agreement for the public offering was formally signed on Wednesday between Mr. Khemraj Joshi, Executive Director of Bhujung Hydropower Company, and Pushpa Sharma, CEO of Kumari Capital.

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Contact Details of BHCL

Their main office is in Old Baneswor, Kathmandu, Nepal. Contact information: Tokha-10, Kathmandu, Nepal; Old Number: 014480564, New Number: 01-4970176; Email: info@bhujunghydro.com.np.


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