A British company – listed in London
Stock Exchange (LSE) – is interested to invest $10 million in hydropower sector.
OPG Power and Infrastructure – that has
already taken up middle sized power projects in Chennai of India – said it is
keen to invest as equity partnership in Hydroelectric Investment and
Development Company Ltd (HIDCL)
The government has 50 per cent equity
in the investment company –HIDCL with Rs 50 billion authorised capital – and 30
per cent is owned by three public limited companies, whereas the remaining 20
per cent share is for private investors and the general public.
The OPG had sent a letter on first week of
August expressing its interest in investing in Nepal's hydropower sector, but the
national hydropower company will meet with the investor and decide.
This is the first time any foreign
investor has offered to to invest in equity partner with government-owned HIDCL
that was established aiming at developing storage type mega power projects that
is expected to help reduce scheduled load-shedding hours even during dry season.
The
largest public limited hydropower company has recently organised a hydropower
investment meeting inviting foreign power developers, including the OPG.
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