Peoples Hydropower Company Approves Equity Investments in Two Companies
Summary
Peoples Hydropower Company has approved equity investments in Nyadi Phidi Hydropower Ltd. and Janata Agro & Forestry Ltd., utilizing surplus funds.
Key Points
- Peoples Hydropower Company approved investing in Nyadi Phidi Hydropower Ltd. acquiring 500,000 shares.
- Nyadi Phidi Hydropower Project is 21.4 MW and under construction in Lamjung, targeting commercial operation by November 2027.
- The company also invested in Janata Agro & Forestry Ltd., acquiring 200,000 shares at Rs 125 each.
- Janata Agro & Forestry operates in multiple districts and is planning an IPO soon.
