Kathmandu, December 19 : Liberty Energy Company has appointed NIBL Ace Capital Limited as its issue-cum- sales manager for the IPO issuance. Managing Director of Liberty Energy Company Aatma Ram Ghimire and the Deputy General Manager of NIBL Ace Capital Limited Kabindra Dhoj Joshi signed the agreement on behalf of their respective organisations
Liberty Energy will be issuing 37.50 lakh ordinary shares at Rs.100 per share as its initial public offering, out of which 10% i.e. 15 lakhs units to be issued to locals and 15% i.e 22.50 lakh units to general public.
The company is building hydro project with capacity of 25 MW in Upper Dordi A located at Lamjung district. The project, 85% of the work of which is completed, is expected to complete the remaining works by the end of Chaitra, 2075. The hydropower is being funded from a loan consortium of 9 banks led by Nepal Investment Bank.
The company has acquired generation license for the construction of Upper Dordi A hydropower project (25 MW) from the Ministry of Energy. This project is planned to be complete before Bhadra 14, 2076.
