Ridge Line Energy Limited is planning to establish a fully-owned subsidiary company for the development of the 12.504 MW Maiwa Khola Hydropower Project.
Establishing a New Subsidiary
During the 121st meeting of the board of directors held on Ashoj 13, the company made a decision to create a new subsidiary firm. This proposed company will be named Ridge Power Limited and it take the responsibility for the survey, study, and building of the Maiwa Khola hydropower project.
Project Progress
The company already hold a survey license for power production for this project. They announced that all the work related to developing and building the project will be move forward through this new subsidiary company instead of the main company doing it alone.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
