River Falls Power Limited To issue 34,30,000 shares: IPO Updates
River Falls Power Limited is going to issue 34,30,000 shares for the public and project-affected locals. SEBON has approved the proposal of River Falls Power Limited that was submitted on Shrawan 13. Prabhu Capital has been appointed the issue manager for the River Falls Power Limited IPO.
River Falls Power is developing the 10.3 MW Hydropower project at Piluwa river of Dhandevi Nagarpalika of Sankhuwasabha district. The company has signed an agreement with Citizens Bank to receive Rs 1.32 billion as loan investment. River Falls Power Limited was established on October 5, 2004.
The estimated cost of the 10.3 MW Hydropower project is around Rs 1.89 billion. The electricity generated from the 10.3 MW Hydropower project will be transmitted through a 3.5 Km long 33kV transmission Line to Baneshwor Substation.
![Balephi Hydropower IPO 2022/2021 [Details]](https://nepsestock.com/wp-content/uploads/2022/03/balephi-hydropower-limited.jpg)
