KATHMANDU, Nov 19: Himalayan Power Partner Limited, the developer of Dordi Khola Hydropower Project (27 MW), has appointed Global IME Capital Limited issue manager for upcoming initial public offering (IPO) of the hydropower project.
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An agreement to this effect was signed between HPPL and Global IME Capital amid a function on Wednesday. A total 3,196,251 units of shares with face value of Rs 100 will be floated to general public, a press release issued by Global IME Capital said. According to the release, access road and bridges to reach to the project site are under construction.
"Procurement contracts for civil works and electrical and hydro mechanical works have already been signed. Similarly, work at project site has already begun," the release added. The project is being built in Dordi Khola of Lamjung district.
