KATHMANDU, Dec 24: Super Hewa Power Company has announced plans to issue an Initial Public Offering (IPO) and has called its Annual General Meeting (AGM) to seek approval for the proposal.
The company has scheduled the AGM for January 9, where it will present three ordinary and four special agenda items. Following approval from the AGM, the company’s board of directors will proceed with the necessary steps for the IPO issuance.
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Super Hewa Power operates a 6-megawatt hydropower project built on the Hewa River in Sankhuwasabha. The project has been generating electricity since last April.
