Note: Applications for more than 50 units should be divisible by 10 and when applied for more than Rs.50,000 the payment should be made through account payee cheque.
Company Profile
Ngadi Group Ltd. was incorporated as a private limited company on 2062/11/09 B.S. and was later converted into a public company as Ngadi Group Power Ltd. on 2071/02/25.
The company has its registered headquarters in Hanumanthan, Anamnagar, Kathmandu. The company has 92 promoters and has invested Rs.32.94 million in other hydroelectricity projects and plans to increase that investment to Rs.40 million.
The company does not plan to distribute dividends for at least the next three years.
Operations
The company has completed constructing Siuri Khola Small Hydropower Project (5 MW) located in Bhulbhule VDC of Lamjung district. The power generated by the project is being evacuated through a 33kV transmission line to a switching station at Nyadi, Lamjung 8 km away.
A Power Purchase Agreement (PPA) with an installed capacity of 990 kW with Nepal Electricity Authority (NEA) was completed in 2006. However, this was later changed to accommodate the upgraded size of the project from 990 kW to 5000 kW on February 2008. The project began commercial operations from 2069/6/30.
According to the PPA signed with NEA, the project’s annual electricity production is 32,100,409 kWh. The project’s electricity production in the rainy season is 25,421,686 kWh and in the dry season is 6,678,723 kWh. Further, any excess energy produced by the company shall be purchased by the NEA.
NEA will purchase electricity in the rainy season at Rs.4.80 per kWh and in the dry season at Rs.8.40 per kWh. This purchase rate will increase by 3% annually for five years from the commercial date of operation. The company obtained power generation licence from GoN Ministry of Energy on 2066/5/30 and the license will expire on 2101/5/29.
Capital Structure
The company has an authorized capital of Rs.667 million. Its issued capital is Rs.486.87 million. The company’s promoters have already invested Rs.340.81 million and the remaining Rs.48.69 million is to be collected from the project affected locals and Rs.97.37 million from the general public through IPO.
*the capital structure details have been calculated as would be after the IPO.
Board of Directors
The company has 4 members in its Board.
1.Bhogendra Kumar Guragain, Executive Chairperson (Representing Highland Holdings Pvt. Ltd.)
Academic Qualifications: M.B.B.S/ M.Sc
Work Experience: Dr. Guragain is a founding director at Sunrise Bank Ltd. He has had 8 years of experience in the banking industry. He is also a director in Barun Hydropower Company Ltd. and Executive Chairaman at SN Power Pvt. Ltd.
2.Sailendra Guragain, Managing Director (Representing Riverfalls Hydropower Pvt. Ltd.
Academic Qualifications: M.Sc. in Engineering/ M.B.A.
Work Experience: Mr. Guragain was chairman at Arun Valley Hydropower Development Company Ltd. from 2000 to 2010. He is also director a SN Power Pvt. Ltd. and Riverfalls Hydropower Development Pvt. Ltd. He is also the vice precident of Independent Power Producers’ Association Nepal (IPPN) and member at FNCCI, Nepal Engineers’ Association and Nepal Engineering Council.
3.Dinesh Gurung, Director
Academic Qualifications: Bachelors Degree
Work Experience: Mr. Gurung has 10 years of experience in real estate and banking sector of Nepal.
4.Rabin Subedi, Director
Academic Qualifications: Bachelors Degree
Work Experience: Mr. Subedi has 7 years of experience in management related activities.
Managing Director
Mr. Sailesh Guragain, Managing Director
Mr. Shailendra Guragain, 48 has graduated
M.Sc. In Engineering from Ivanovo State University of Chemical Technology, Russia and graduated in MBA from Pokhara University, Nepal. Mr. Guaragain has also worked on soil and ground water quality in OMEHAM Amsterdam and Chemilinco Engineering in The Netherlands -1993.
Mr. Guragain is a leading hydropower developer and financial expert who has managed various Hydropower companies for the last 20 years.
- Chairman - Barun Hydropower Company Ltd. (Hewa Khola Hydropower project 4.5 MW)
- Chairman - Arun Valley Hydropower Development Company Limited (Piluwa HP Project 3 MW) - from 2000 to 2010.
- Chief Executive Officer – Nyadi Group Limited (Siuri Khola Small Hydropower Project 5.0 MW)
- Director - SN Power Pvt. Ltd.(Super Nyadi Hydropower Project 40.27 MW)
- Directors- Riverfalls Hydropower Development Pvt. Ltd.
Also, Mr. Guragain has a lot of experience of social work as the member of the following associations.
- Vice President –Independent Power Producers’ Association Nepal (IPPAN)
- Executive Member of Small Hydro Power Association Nepal
- Member: FNCCI, Energy Committee
- Member: Chamber of Commerce, Energy Committee
- Member: Nepal Engineers’ Association
- Member: Nepal Engineering Council
- Life Member: Mitra Khunja
Financial Highlights
All the financial data in this section have been derived directly from the IPO Announcement Notice published by the company. The presented data and real life performance of the company may vary.
Share Capital and Reserve & Surplus:
Operating and Net Profits:
Income and Expenditure:
Key Ratios:
