Vision Energy and Power Limited (VEPPL) has scheduled its Special General Meeting (SGM), on below given date, time, and platform:
- Date: 32nd Jestha, 2081
- Mode: Virtual via Zoom
- Time: 3:00 PM
Vision Energy and Power Limited Announce SGM with the following Key Agendas:
| Agenda | Details |
| Increase in Authorized and Issued Capital | Proposal to raise the authorized and issued capital of the company. |
| Issuance of IPO | Plan to issue an Initial Public Offering (IPO) to the general public, representing 15% of the paid-up capital. |
Vision Energy and Power Limited (VEPPL) Company Overview:
| Item | Details |
| Founded | July 2016 |
| Paid-Up Capital (As of Mid-May 2021) | NPR 1,324 million (fully held by promoters) |
| Major Stakeholders | M/s Hydroelectricity Investment and Development Company Limited (38%), Nupche Likhu Hydro Investment Company (17%), Mr. Tek Nath Acharya (2%), 519 individual shareholders |
| Current Project | 57.5-MW Nipchu Likhu Hydropower Project in Ramechhap, Bagmati Province |
| Project Model | Run-of-the-river (R-o-R) with a 45% probability of exceedance (Q45) |
| Power Purchase Agreement (PPA) | Six months of dry energy and six months of wet energy, annual dry energy mix ~37% |
| Projected Cost | NPR 10,578 million |
| Financing | 75:25 debt-to-equity ratio |
| Equity Injection (As of Mid-May 2021) | NPR 1,324 million out of the required NPR 2,646 million |
Ratings by ICRA Nepal:
| Rating Type | Rating |
| Long-Term Loan | [ICRANP] LBB (ICRA NP L Double B) |
| Short-Term Loan | [ICRANP] A4+ (ICRA NP A Four Plus) |
The key agendas include increasing the authorized and issued capital and proposing issuing an Initial Public Offering (IPO) to the general public, representing 15% of the paid-up capital.
Founded in July 2016, VEPPL has a paid-up capital of approximately NPR 1,324 million, held by its promoters. Major stakeholders include Hydroelectricity Investment and Development Company Limited, Nupche Likhu Hydro Investment Company, and Mr. Tek Nath Acharya.
The company is developing the 57.5-MW Nipchu Likhu Hydropower Project in Ramechhap, Bagmati Province, with a total projected cost of NPR 10,578 million, financed in a 75:25 debt-to-equity ratio. ICRA Nepal has assigned long-term and short-term ratings of [ICRANP] LBB and [ICRANP] A4+ to VEPPL’s loans.
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