Kathmandu - Api Power Company Limited, one of Nepal’s leading renewable energy companies, has successfully concluded its 22nd Annual General Meeting (AGM), endorsing a series of important financial, governance, and strategic decisions that underline the company’s long-term growth ambitions and commitment to clean energy development.
Established on 5th Ashad 2060 B.S. (19 June 2003) as a private company under the Company Act, 2053, Api Power was later converted into a public limited company on 6th Shrawan 2070 B.S. (21 July 2013). The company is registered at the Office of the Company Registrar under registration number 114473/059/060 and operates its corporate office from Trade Tower Nepal, Thapathali, Kathmandu. Api Power is listed on the Nepal Stock Exchange (NEPSE) under the symbol ‘API’ and is regulated by the Securities Board of Nepal.
Financial Performance and Shareholder Returns
The AGM reviewed and approved the financial statements for fiscal year 2081/82, reflecting the company’s continued focus on operational stability and expansion in Nepal’s power sector. Shareholders approved a 0.2632 percent cash dividend along with a 5 percent bonus share, reinforcing Api Power’s effort to balance reinvestment with shareholder value creation.
In a significant move to strengthen its capital base, the AGM also endorsed the issuance of right shares in the ratio of 1:0.3. The proceeds from the right share issuance will be utilized primarily for the construction of the Marsyangdi Besi Hydropower Project, a key project expected to enhance the company’s generation capacity and contribution to the national grid.
Capital Structure and Investment Decisions
The meeting approved an increment in the company’s capital structure, alongside an addendum related to investment in the owner’s equity of Api Holdings Company Limited. These decisions reflect a broader corporate strategy aimed at consolidating investments, improving financial resilience, and supporting long-term project development.
Additionally, shareholders approved amendments to the company’s Memorandum and Articles of Association, aligning the governing documents with evolving regulatory requirements and the company’s expanding business scope.
Governance and Audit
As part of routine corporate governance, the AGM appointed an external auditor for the upcoming fiscal year, reaffirming the company’s commitment to transparency, accountability, and regulatory compliance.
A Growing Role in Nepal’s Renewable Energy Transition
Api Power Company Limited has established itself as a key player in Nepal’s power sector, with electricity generation and supply to the national grid as its core business. The company has invested in and developed multiple hydropower and solar energy projects, harnessing Nepal’s abundant renewable resources.
Guided by principles of good governance, corporate citizenship, and stakeholder value creation, Api Power continues to position itself as a responsible and forward-looking energy company. With new investments, approved dividends, and ongoing project development, the outcomes of the 22nd AGM signal Api Power’s confidence in Nepal’s renewable energy future and its growing relevance for both domestic and international stakeholders.
