Kathmandu, Nepal - Super Hewa Power Company Limited successfully concluded its 15th Annual General Meeting (AGM) today, endorsing several key financial, governance, and regulatory agendas critical to the company’s future operations and expansion in Nepal’s hydropower sector.
During the AGM, shareholders reviewed and approved the financial highlights for the fiscal year 2081/82 (2024/25), reflecting the company’s operational performance and financial position over the past year. The meeting also approved the appointment of an external auditor, ensuring continued financial transparency and compliance with regulatory standards.
A major governance-related decision made at the AGM was the approval of changes in equity structure, along with the appointment of an Independent Director, reinforcing the company’s commitment to stronger corporate governance and accountability. These steps are expected to enhance investor confidence and align the company with best practices in Nepal’s capital and energy markets.
The shareholders further endorsed resolutions related to the issuance of Initial Public Offering (IPO) shares, including the utilization plan of funds to be raised through the issuance of ordinary shares. The company clarified that the raised capital will be directed towards project development, financial restructuring, and regulatory obligations. In addition, the AGM approved matters concerning the registration of securities, enabling smoother engagement with capital market authorities.
Project Overview: Super Hewa Khola Hydropower Project
Super Hewa Power Company Limited is developing the Super Hewa Khola Hydropower Project, a 6 MW Run-of-River (ROR) type hydropower project located on the Hewa Khola, between Chainpur and Panchkhapan Municipalities in Shankhuwasabha District, Koshi Province, Nepal.
The project lies close to Chainpur, one of Nepal’s oldest Newari towns, highlighting the need for environmentally sensitive and socially responsible development. The hydropower scheme is designed for a discharge capacity of 2.20 cubic meters per second at Q42.5%, including water collection from Khawa Khola at the headworks.
Key project infrastructures include:
Intake and desander structures at Oringa
Flushing gate at Oringa Khola
Gravel basin
Headrace and penstock pipeline extending approximately 3 kilometers, passing through the Bansghari area
Once completed, the project is expected to contribute clean and renewable electricity to Nepal’s national grid while supporting local development and reducing dependence on fossil fuel-based energy sources.
Strengthening Nepal’s Renewable Energy Transition
The successful conclusion of the 15th AGM marks a significant milestone for Super Hewa Power Company Limited as it advances both its corporate restructuring and hydropower development goals. The decisions taken during the meeting reflect the growing role of private sector investment in accelerating Nepal’s renewable energy transition, particularly through environmentally responsible run-of-river hydropower projects.
Ecosphere News will continue to monitor developments related to Super Hewa Power Company and Nepal’s evolving hydropower landscape.
