Kathmandu, June 28: The 12th and 13th Annual General Meeting of Singati Hydro Energy Limited has been completed. The general meeting held on Wednesday elected 4 directors from the founding shareholders. Similarly, 2 directors have been selected from common shareholders.The meeting of the board of directors held today has unanimously elected Sudip Khadka as the Managing Director.
Sudip Khadka, Rajani Thapa, Sudip Raj Gautam and Viji Group Pvt. Limited’s representative Sunil KC have been elected from founding share holders . Likewise Dal Bahadur Bista and Shyam Prasad Khatiwada have been elected from all ordinary share holders. Prabin Bhattarai has been unanimously nominated as an independent director.
The tenure of newly elected directors will be for 4 years. Singati Hydro Energy Limited (25 MW) is one of the super six projects of Nepal. This hydro project was completed two years ago and is continuously producing electricity. Based on water flow, this project produces 25 megawatts of electricity. 30 percent of the project is owned by the general public.
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