API power to issue 200% right share,SGM on Chaitra 27; Paid up to reach Rs 3 arba

Api Power Company Limited has decided to call on a Special General Meeting on Chaitra 27, 2072 to issue 1:2 right shares. After issuing right share, the paid up capital of the company will reach to Rs 300 crore.

The company has decided to buy major shares of the  75 MW Siddhkali Power Company Limited .API has acquired license to study possibility of generating 8 MW from upper Naugad and  to construct upper Chameliya to generate 40 MW electricity.

API Power Company Limited has got the permission from the Ministry of Energy for survey license for generation of 40 MW Upper Chameliya Project.

The company has recently connected 8.5 MW electricity generated in the Naugad gadh river to the national transmission line. The company also aims complete Power Purchase Agreement for  the 8MW upper Naugadh gadh within this year to start the construction of the project.

Furthermore, it has invested in various hydro power projects along with its investment in API Hydro Mechanical Pvt. Ltd. This company manufactures the equipment needed in construction of hydropower projects.The company will be initiating its hydro power projects from Baisakh 2073.