Radhi Hydropower Company Limited has received pre-approval from the Electricity Regulatory Commission (ERC) to issue 69.89% rights shares. The ERC granted this approval on Kartik 2.
Under the existing regulations, hydropower companies must obtain ERC pre-approval before applying to the Nepal Securities Board for rights share issuance.
Rights Issue Details
Based on the company’s current paid-up capital of Rs. 1 arba 83 crore 89 lakh 79 thousand, Radhi Hydropower has been authorized to issue rights shares at a ratio of 1:0.6989.
The company will now proceed with the formal issuance process at the Securities Board.
Project Investment Plan
Radhi Hydropower holds 70% ownership in Kasuwa Khola Hydropower Limited, which is developing the Kasuwa Khola Hydropower Project (45 MW).
52.48% of the paid-up capital will be invested in the Kasuwa Khola project.
17.41% of the capital will be used to repay bank loans.
The ERC’s pre-approval takes this investment plan and capital allocation into account.
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