NIBL, Ankhu Khola hydro sign agreement

KATHMANDU, July 27: An agreement has been signed between Nabil Investment Banking Limited and Ankhu Khola Hydropower Company Limited to appoint Nabil Investment Banking Limited as the share registrar, and sales manager for the issue of rights to be allocated to its shareholders in the ratio of 1:1.5 in the near future.

Ankhu Khola is one of the major tributaries of the Budhigandaki River, located in Dhading district, about 132 km from Kathmandu. The catchment area of ​​Ankhu Khola is about 633 km. The average annual flow is estimated at 58.38 cumecs. The discharge of 34.5 cumec is considered to be more than 40 percent probable. The electricity generation capacity of the company is 8.4 megawatts and the generated electricity has been connected to the national transmission system. The agreement was signed between officials of both companies.