API Power Co. Ltd (API) convened its 12th AGM on Poush 30, 2072 at Trade Tower, Kathmandu.
Mr. Indra Mani Trital and Mr. Bharat Bahadur Khatri were elected uncontested for the post of director in BoD representing ordinary share holder.
The company has been generating 8.5 MW electricity from Naugad Khola of Darchula District. The generated electricity has been transmitted through 33 KV transmission line.
API has acquired license to study possibility of generating 8 MW from upper Naugad. The company has also applied license to construct upper Chameliya to generate 40 MW electricity. 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.
API aims to invest in other suitable, profit generating, companies in the current fiscal year.
The current authorized capital of API is Rs 1.2 arba where as issued and paid up capital stands Rs 1 arba each.