May 6: CEDB hydro fund is issuing 1,761,000 units of general shares at Rs 100 per unit worth Rs 176.1 million. The fund has appointed NCM Merchant Banking as its Issue Manager.
Binay Kumar Bhandari, CEO of CEDB and Bijay Lal Shrestha, Operational manager of NCM Merchant signed the agreement paper amid a program organised on Thursday.
CEDB hydro fund has been founded in 2009 by Clean Energy Development Bank in order to promote and develop Hydro Power Projects in Nepal. Presently, Radhi Hydropower Project (4.4MW), Sange Hydropower Project (183KW) and Khudi Hydropower Project (4MW) are operating under the company.
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