United Mewa Khola Hydropower and Citizens Capital agreement

KATHMANDU:Citizens Capital has been appointed as the IPO sales manager for United Mewa Khola Hydropower Company.

On Monday, United Mewakhola Hydropower and Citizens Capital signed an agreement in this regard. The deal was signed by Ashish Thapa, Executive Chairman of Hydropower Company, and Sabir Bade Shrestha, Chief Executive Officer of Citizens Capital.

According to the deal, Citizens Capital will act as the issue manager for United Mewakhola Hydropower's public offering, according to a news statement published on Monday.

The 50-MW "Mewa Khola Jalbidhyut Ayojana" by United Mewa Khola Hydropower Limited is being built in the Taplejung District.