9th April 2024, Kathmandu
United Mewa Khola Hydropower, the driving force behind the Mewa Khola hydropower project, has reached a significant milestone with 75% of the construction completed.
With a capacity of 50 MW, this project is making strides towards its goal of harnessing sustainable energy. United Modi Hydropower Limited has played a pivotal role by investing 30% of the project’s funds, amounting to 67 crore rupees.
Mewa Khola IPO
Located in Ward No. 3, 4, and 5 of Meringden Village, Taplejung District, the Mewa Khola hydropower project has received support from Citizens Bank International Limited through loan investments. The total cost of the venture is estimated at 900 million rupees, reflecting a significant investment in Nepal’s energy infrastructure.
Er. Ashish Thapa, Executive Chairman of United Mewa Khola Hydropower, expressed confidence in the project’s timeline, aiming for completion by October of 2081 and subsequent connection to the national transmission line. As the project nears completion, attention is now turning towards its potential as an investment opportunity.
Preparations are underway for the IPO launch, with the company conducting thorough groundwork to attract investment from seasoned entrepreneurs in the energy sector. Citizens Capital has been appointed as the sales manager for the IPO, signaling the project’s readiness to enter the market.
Moreover, the Mewa Khola hydropower project is not just about generating electricity; it’s also contributing to the local economy by providing employment opportunities. More than 400 individuals have gained employment directly and indirectly through this initiative, further underscoring its positive impact on the community.
As the project moves closer to completion and the IPO launch, it marks a significant step forward in Nepal’s journey towards sustainable energy production and economic development.
About United Mewa Khola Hydropower Project
The United Mewa Khola Hydropower Project, boasting a capacity of 50 MW, is situated in the Taplejung district, Province No. 1, Nepal. Designed as a run-of-the-river (RoR) type scheme, it is set to discharge 33 m3/sec with a gross head of 191.8 m, harnessing the region’s natural water resources for sustainable energy generation.
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