Upper Tamakoshi Hydropower to conduct its 7th AGM on Shrawan 24

ShareSansar July 19:

Upper Tamakoshi Hydropower Limited (UTKHPL) is going to conduct its 7th Annual General Meeting on Shrawan 24, 2072 (August 09, 2015).

The AGM will be held at its company office located at Gyaneshwor, Kathmandu, at 6:30 pm.
 
The agendas of the meeting include financial highlight of 2070/71 and appointment of an auditor in the company.
 

The majority share (51%) of UTKHPL is hold by four public entities, namely, Nepal Electricity Authority (NEA), Nepal Telecom (NTC), Citizen Investment Trust (CIT) and Rastriya Beema Sansthan (RBS). NEA has 41% stake, NTC has 6% and CIT & RBS each has 2% stake in the Company.

24 % of its shares have been allotted to the employees of its lending institutions. Out of which 18,299,520 units share have been allotted to 1,91,959 depositors of Employees Provident Fund (EPF). 4,066,560 units share have been allotted to 9,754 staffs of UTKHPL and its largest promoter Nepal Electricity Authority (NEA).9,14,976 units share have been allotted to the 5,550 staffs of Nepal Telecom Company Limited (NTC), whereas,  15,24,960 units have been allotted to 480 staffs of Employees Provident Fund(EPF).  Also, 3,04,992 units share have been allotted to 191 staffs of Rastriya Beema Sansthan and 3,04,992 units share have also been allotted to the 107 staffs of Citizens Investment Trust (CIT).

Upper Tamakoshi is yet to issue 10% of its shares to the locals of project affected areas and 15% of its shares to the general public.