Sajha Power Development Approves Financials and Project Plans at 3rd AGM
Summary
Sajha Power Development held its 3rd AGM in Kathmandu, approving financials and authorizing loans for the Lower Balephi Hydropower Project with a target completion in 24 months.
Key Points
- Sajha Power Development Private Limited conducted its 3rd Annual General Meeting at Hotel Crystal Pashupati, Kathmandu.
- The AGM approved the FY 2081/82 board report, audited financial statements, and cash flow statements, and appointed an external auditor for FY 2082/83.
- Shareholders authorized Rs. 305.98 Crores in loans for the Lower Balephi Hydropower Project and approved key contracts related to the project.
- Chairperson Kubermani Nepal highlighted the project's rapid progress and 55% investment from Ridi Power Company, aiming for completion in 24 months.
