Pure Energy Limited IPO approved by SEBON

Pure Energy Limited IPO approved by SEBON

Pure Energy Limited IPO approved by Securities and Exchange Board of Nepal (SEBON). The Pure Energy Limited (PEL) is going to issue 16,00,009 equity shares at a par value of NPR 100 each. 

Nebil Investment Banking Limited is an issue manager of this IPO.

The CARE rating Nepal Limited provides the “CARE-NP BB+” rating for the Pure Energy Limited which means moderate risk of financial obligation.

	Headworks and Intake Structure Weir
	Project Name	Pure Energy Part I & Part II
	Project Capacity	10MW +10 MW
	Location	Raniyapur, Banke
	District	Banke
	Solar module type	Canadian Solar CS7N-650MB-AG 1500V
	Land	~22 bhigas

 

Pure Energy was established on June 19, 2018. It is invested by the Golyan group and REnergo Developers Pvt. Ltd. The company has built 20 MW grid-connected solar photovoltaic (PV) project in the Banke district, Nepal. Both solar project are currently operating now.

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