Api Power Company Ltd.(API) was established in B.S 2060 Ashad 5th (19th June 2003) as private limited company being subsidiary of South Asia Engineering Pvt. Ltd under Company Act 2053. Later on the company has been converted as public limited company with major restructuring in the shareholding pattern on Jul-2013.
The basic objective of the company is to generate electricity through utilization of water and other natural resources abundantly available in the country. The company was established by the same promoters of Arun Hydropower Group2, one of the leading private sector hydropower group. The company is developing 8.5 MW Naugarh hydro electric project. The company has got a generation license for 35 years which includes the period of construction. The project is being developed on Build Own Operate Transfer (BOOT) basis.
The total project cost is around NPR 1400 million to be funded in debt to equity ratio of 70:30. Expected COD for the project is Chaitra 2071 (minApr-2015).
The basic objective of the company is to generate electricity through utilization of water and other natural resources abundantly available in the country. The company was established by the same promoters of Arun Hydropower Group2, one of the leading private sector hydropower group. The company is developing 8.5 MW Naugarh hydro electric project. The company has got a generation license for 35 years which includes the period of construction. The project is being developed on Build Own Operate Transfer (BOOT) basis.
The total project cost is around NPR 1400 million to be funded in debt to equity ratio of 70:30. Expected COD for the project is Chaitra 2071 (minApr-2015).
Source: Api Power: A Detail Information
