Chilime Hyrdo Power Project to go Public

June 20, 2001
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Kathmandu, June 20: Shares valued at Rs.230 million of the 20 megawatt Chileme hydro power project will be floated for the general public in the last week of August this year, an announcement said.

The Nepal Electricity Authority has been allotted shares worth Rs. 240 million. Sixty percent of the project construction has been completed. Promoters expect the Rs.1.2 billlion power plant to begin making profit eight years after launch.