Kathmandu. Greenedi Energy Limited is going to issue initial public offering (IPO).

Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance.

Greenadi Energy Chairman Yuresh Man Kayastha and Managing Director of Prabhu Capital Ashish Gauchan signed the agreement on behalf of their respective organisations.

The company will issue 30% of the issued capital to the locals and general public of the project-affected area.

The company has been constructing the Idi Khola Hydropower Project at Idi Khola in Kaski district and has been producing commercial products since April 22, 2082.