Ingwa Hydropower Company Limited is established to build and operate a 9.7 MW hydropower project in Ingwa river in Panchthar & Taplejung district. The project is under construction and is expected to be completed in 2079 Kartik. The project shall generate power from Magh 2079 BS. The power generated from this project shall be connected to the national grid at Amarpur substation of Mechi Corridor transmission line. This will help in increasing power supply and improve the voltage in East Nepal. The total investment cost of this project is NRs. 2000 Million. Of this total Rs. 1400 million shall be raised as loan from Bank of Kathmandu and the remaining Rs. 600 million shall be raised from the shareholders.
Ingwa Hydropower Company Limited has issued its shares to the local people and general shareholders. The shares of this company shall be listed in Nepal stock exchange and traded in the stock market.
The company follows the project model of Api Power company which is to provide investment opportunities to many shareholders through the public share issue model. I would like to thank the Government of Nepal Ministry of Energy, Department of Electricity Development (DOED) and Nepal Electricity Authority (NEA) for their support.
This is a growing company and we are working to develop a few more hydropower projects in different parts of the country. Also we are working to develop a cascade project after this project is completed. Peaking run-of the river and storage projects are also under study.
I thank the investors of this company.