Ngadi Group Power To Purchase Majority Share In Super Mai ‘A’ Hydroelectric Project & Mai Khola Cascade Project
August 31, 2021 | Investopaper
Ngadi Group Power Limited is going to purchase the shares in Super Mai ‘A’ Hydroelectric Project and Mai Khola Cascade Project. A meeting of the company’s board of directors held on Bhadra 15, 2078 BS decided to purchase shares in both the projects.
As per the BOD’s decision, the company will buy 76.58 percent share in the Super Mai ‘A’ Hydroelectric Project currently operated by Sagarmatha Hydropower Company Limited. Super Mai ‘A’ Hydroelectric Project is a run-of-river type of project with an installed capacity of 9.6 MW and is located in Illam District.
Similarly, Ngadi Group Power will also purchase 100 percent share of Mai Khola Cascade Project currently operated by Mai Khola Hydropower Limited. Mai Khola Cascade Project is a 3 MW project located in Illam District.
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