Sajha Power Development Approves Financials and Project Plans at 3rd AGM

Sajha Power Development Private Limited held its 3rd Annual General Meeting at Hotel Crystal Pashupati, Kathmandu, chaired by Director Chairperson Kubermani Nepal. 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 short- and long-term loans for the Lower Balephi Hydropower Project, approved contracts for explosives, civil works, tunnels, and electromechanical equipment, and granted the board authority to manage assets, regulatory approvals, and legal formalities. Chairperson Nepal thanked shareholders and stakeholders for their support, noting that the project, with 55% investment from Ridi Power Company, is progressing rapidly with a target completion of 24 months.