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<p style="text-align: justify;">In that respect, the company is assessing investment options such as increase promoters’ investment or re-floating IPO in future for the Rairang Project or IwaKhola Project. Currently, Rairang, a subsidiary company of Ridi Hydropower, has already invested Rs 850 million in the project. The electricity generated from the project has been price Rs 8.4 per unit in dry season and Rs 4.8 in rainy season. As per the Power Purchase Agreement (PPA), the rate will increased by 3 percent annually for five years. The project has aimed to connect and sell electricity from Kabeli sub-station in which transmission line in some parts are still under- construction.</p>
<p style="text-align: justify;">The group of companies under Ridi Hydropower has total electricity capacity of 14.4MW. The company has collected Rs 574.7 million from selling electricity and has earned Rs 457.2 million net profit till July 2015. The company has distributed dividends averaging 10 percent to its investors. According to the statistics of July 2015, the company owes Rs 124 million for consortium banks’ finance. </p>
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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May 15: Ridi Hydropower Development Company is issuing 35 percent (1.15 million units) right shares. The company is issuing right shares in order to invest in 9.9MW IwaKhola Hydropower Project that is targeted to operate commercially from 2018 July. However, the issuance will fetch only Rs 110 million in the total of Rs 1.60 billion project. The project is being constructed from 65 percent loan and 35 percent share investment. Among the share investment, the company is still short of Rs 420 million.
In that respect, the company is assessing investment options such as increase promoters’ investment or re-floating IPO in future for the Rairang Project or IwaKhola Project. Currently, Rairang, a subsidiary company of Ridi Hydropower, has already invested Rs 850 million in the project. The electricity generated from the project has been price Rs 8.4 per unit in dry season and Rs 4.8 in rainy season. As per the Power Purchase Agreement (PPA), the rate will increased by 3 percent annually for five years. The project has aimed to connect and sell electricity from Kabeli sub-station in which transmission line in some parts are still under- construction.
The group of companies under Ridi Hydropower has total electricity capacity of 14.4MW. The company has collected Rs 574.7 million from selling electricity and has earned Rs 457.2 million net profit till July 2015. The company has distributed dividends averaging 10 percent to its investors. According to the statistics of July 2015, the company owes Rs 124 million for consortium banks’ finance.
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include - APP/View/Elements/side_bar.ctp, line 60
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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[main] - APP/webroot/index.php, line 117
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'content' => '<p style="text-align: justify;">May 15: Ridi Hydropower Development Company is issuing 35 percent (1.15 million units) right shares. The company is issuing right shares in order to invest in 9.9MW IwaKhola Hydropower Project that is targeted to operate commercially from 2018 July. However, the issuance will fetch only Rs 110 million in the total of Rs 1.60 billion project. The project is being constructed from 65 percent loan and 35 percent share investment. Among the share investment, the company is still short of Rs 420 million.</p>
<p style="text-align: justify;">In that respect, the company is assessing investment options such as increase promoters’ investment or re-floating IPO in future for the Rairang Project or IwaKhola Project. Currently, Rairang, a subsidiary company of Ridi Hydropower, has already invested Rs 850 million in the project. The electricity generated from the project has been price Rs 8.4 per unit in dry season and Rs 4.8 in rainy season. As per the Power Purchase Agreement (PPA), the rate will increased by 3 percent annually for five years. The project has aimed to connect and sell electricity from Kabeli sub-station in which transmission line in some parts are still under- construction.</p>
<p style="text-align: justify;">The group of companies under Ridi Hydropower has total electricity capacity of 14.4MW. The company has collected Rs 574.7 million from selling electricity and has earned Rs 457.2 million net profit till July 2015. The company has distributed dividends averaging 10 percent to its investors. According to the statistics of July 2015, the company owes Rs 124 million for consortium banks’ finance. </p>
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'content' => '<p style="text-align: justify;">May 15: Ridi Hydropower Development Company is issuing 35 percent (1.15 million units) right shares. The company is issuing right shares in order to invest in 9.9MW IwaKhola Hydropower Project that is targeted to operate commercially from 2018 July. However, the issuance will fetch only Rs 110 million in the total of Rs 1.60 billion project. The project is being constructed from 65 percent loan and 35 percent share investment. Among the share investment, the company is still short of Rs 420 million.</p>
<p style="text-align: justify;">In that respect, the company is assessing investment options such as increase promoters’ investment or re-floating IPO in future for the Rairang Project or IwaKhola Project. Currently, Rairang, a subsidiary company of Ridi Hydropower, has already invested Rs 850 million in the project. The electricity generated from the project has been price Rs 8.4 per unit in dry season and Rs 4.8 in rainy season. As per the Power Purchase Agreement (PPA), the rate will increased by 3 percent annually for five years. The project has aimed to connect and sell electricity from Kabeli sub-station in which transmission line in some parts are still under- construction.</p>
<p style="text-align: justify;">The group of companies under Ridi Hydropower has total electricity capacity of 14.4MW. The company has collected Rs 574.7 million from selling electricity and has earned Rs 457.2 million net profit till July 2015. The company has distributed dividends averaging 10 percent to its investors. According to the statistics of July 2015, the company owes Rs 124 million for consortium banks’ finance. </p>
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include - APP/View/Elements/side_bar.ctp, line 133
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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'summary' => 'May 15: Ridhi Hydropower Development Company is issuing 35 percent (1,155,000 units) right shares. The company is issuing 35 percent right shares in order to invest in 9.9MW IwaKhola Hydropower project that will operate commercially from 2018 July. However, the issuance will fetch only Rs 110 million in the total of Rs 1.60 billion project. The project is being constructed from 65 percent loan and 35 percent share investment. Among the share investment, the company is still short of Rs 420 million.',
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<p style="text-align: justify;">In that respect, the company is assessing investment options such as increase promoters’ investment or re-floating IPO in future for the Rairang Project or IwaKhola Project. Currently, Rairang, a subsidiary company of Ridi Hydropower, has already invested Rs 850 million in the project. The electricity generated from the project has been price Rs 8.4 per unit in dry season and Rs 4.8 in rainy season. As per the Power Purchase Agreement (PPA), the rate will increased by 3 percent annually for five years. The project has aimed to connect and sell electricity from Kabeli sub-station in which transmission line in some parts are still under- construction.</p>
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<p style="text-align: justify;">In that respect, the company is assessing investment options such as increase promoters’ investment or re-floating IPO in future for the Rairang Project or IwaKhola Project. Currently, Rairang, a subsidiary company of Ridi Hydropower, has already invested Rs 850 million in the project. The electricity generated from the project has been price Rs 8.4 per unit in dry season and Rs 4.8 in rainy season. As per the Power Purchase Agreement (PPA), the rate will increased by 3 percent annually for five years. The project has aimed to connect and sell electricity from Kabeli sub-station in which transmission line in some parts are still under- construction.</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
