Check The Result Of Sahas Urja IPO

Check the result of Sahas Urja IPO.

Sahas Urja Limited has opened the IPO issue for 7,000,000 units of ordinary shares to the general public from today. NIBL Ace Capital is the issue manager. SEBON approved the proposal on Shrawan 14. Sahas Urja Ltd.(SUL) was established on Magh 2070 B.S. It was converted to the public limited company on Bhadra 2071 B.S.

At the time of this article, IPO is oversubscribed today itself, it will conclude on Ashwin 10, 2078.

Hydro Venture Pvt. Ltd. (HVPL), which is 100% subsidiary of Sahas Urja Ltd started to develop the Solu Khola (Dudh Koshi) Hydroelectric Project. They obtained Generation License from Department of Energy Development (DoED) and finally concluded a Power Purchase Agreement (PPA) with Nepal Electricity Authority on 25th February 2015. Licenses transferring process from HVPL to SUL was completed on 2074/1/29 B.S.

Solu Khola (Dudhkoshi) Hydroelectric Project (SKDKHEP) is an 86 MW Run Of River (RoR) type of project located at Solududhkunda Municipality & Thulung Dudh Koshi Gaupalika (Former Tingla, Kangel & Panchan VDCs) of Solukhumbu District, Sagarmatha Zone, Nepal. The project area is about 130 km (aerial) east of Kathmandu and is situated within longitude 86°37’35” to 86°41’15” East and latitude 27°21’53” to 27°25’15” North. The project utilizes a design discharge of 17.05m³/s from Solu Khola and the elevation difference between the proposed intake at Solu Khola and the powerhouse at Dudhkoshi River for power generation.

The proposed headworks is located at Gairigaun village of Solududhkunda Municipality, about 600 m downstream of the suspension bridge over Solu Khola (River) at Sanghutar. Surface settling basin, headrace tunnel, pressure shaft tunnel passes along different places of Thulung Dudh Koshi Gaupalika. The proposed powerhouse, switchyard and tailrace canal all are located near Maikubesi of Thulung Dudh Koshi Gaupalika, on the right bank of Dudh Koshi River, about 1 km upstream of the suspension bridge over Dudh Koshi River at Jaleshwor Mahadev. and 3.5km upstream of the confluence of Solu Khola and Dudh Koshi River.

The project consists of a simple weir with under sluice, side intake, gravel trap, approach channel, a desalting basin, headrace tunnel, surge shaft, inclined pressure shaft and horizontal penstock tunnel, surface powerhouse, and a tailrace canal.