May 23, 2024

LS Capital's Laxmi Sustainable Energy Fund to Invest in Puwa Khola-One Hydropower

LS Capital's Laxmi Sustainable Energy Fund to Invest in Puwa Khola-One Hydropower

KATHMANDU:Laxmi Sustainable Energy Fund (LSEF), managed by Laxmi Sunrise (LS) Capital, has begun making strategic investments in Puwa Khola-One Hydropower Limited.

Chairman Mr Rajib Sapkota signed the agreement letter on behalf of LS (Laxmi Sunrise) Capital, while Chairman Mr Kiran Malla signed on behalf of Puwa Khola-One Hydropower.

LS (Laxmi Sunrise) Capital is one of the first few organizations to be granted a fund manager's license to operate private equity and venture capital funds under the Specialized Investment Funds Regulations 2075. LS (Laxmi Sunrise) is Capital's first private equity fund. The fund's size is Rs 1 billion. It is a fund launched with the goal of making a difference in society by giving higher returns than the market. LS (Laxmi Sunrise) Capital Merchant Bank was one of the first merchant banks to be approved to establish and engage in a private equity fund. 

This fund will primarily invest in renewable energy industries such as hydroelectric, solar, and wind energy. Puwa Khola-One Hydropower Limited built the Puwa Khola hydroelectric project. This project has already begun generating electricity. This project is located in the Ilam district and has a production capacity of 4 MW.

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