NIMB Ace Capital to manage Sasha Engineering Hydropower’s IPO

KATHMANDU: NIMB Ace Capital has taken on the role of managing the initial public offering (IPO) of 2.5 million ordinary shares by Sasha Engineering Hydropower. These allocated shares constitute 20% of the company’s total issued capital.

Established in 2007, Sasha Engineering Hydropower harnessed the waters of Khani Khola in the Dolakha district for its 30-megawatt (MW) Khani Khola (Dolakha) hydropower project. The company obtained a survey permit for electricity production under the Electricity Act, 2049, enabling them to generate and trade electricity. Furthermore, the hydropower has secured a power purchase agreement (PPA) with the Nepal Electricity Authority (NEA). As of now, 95% of the project’s construction has been successfully completed.

The formal agreement solidifying this arrangement was signed by Pavitra Kumar Karki, Chairman of Shree Sasha Engineering Hydropower, and Shivant Bahadur Pande, Chief Executive Officer of NIMB Ace Capital. Dilip Kumar Chaudhary, Company Secretary of Sasha Engineering Hydropower, and Sachindra Dhungana, General Manager of NIMB Ace Capital, were also present during the signing ceremony.