Spark Hydroelectric AGM Approves Financial Agenda, Board Elections and Growth Plans

Kathmandu, June 22 — Spark Hydroelectric Company Limited has concluded its 26th Annual General Meeting (AGM) in Kathmandu, approving a range of financial, governance and strategic proposals aimed at supporting the company’s future growth and operational priorities.

During the meeting, shareholders reviewed and approved the company’s financial report and key achievements for the fiscal year 2081/82, highlighting its ongoing activities in Nepal’s hydropower sector. The AGM also endorsed the appointment of an auditor to conduct the company’s financial audit and ensure compliance with regulatory requirements and transparency standards.

A major agenda item was the election of the Board of Directors, which will lead the company during the upcoming term. Shareholders also approved share-related agreements and decisions concerning capital management and future investment plans.

Addressing the 26th Annual General Meeting, Sudip Kumar Chaudhary, Chairman and Managing Director of Spark Hydroelectric Company Limited, highlighted the company’s commitment to sustainable growth, good governance and long-term value creation for shareholders.

To facilitate the implementation of the company’s objectives and expansion strategies, the AGM authorized the collection of share payments from issued capital. The meeting further approved provisions for offering shares to new investors, a step expected to expand shareholder participation and strengthen the company’s financial base.

In addition, shareholders authorized the Board of Directors to take necessary actions and make decisions in line with the resolutions passed by the AGM and the company’s strategic plans.

According to the company, the decisions endorsed at the 26th AGM are expected to support institutional strengthening, enhance corporate governance practices and contribute to the company’s long-term development objectives.

The outcomes of the meeting come as Nepal continues to prioritize renewable energy development and energy security, with the hydropower sector playing a key role in the country’s clean energy ambitions. The company said effective governance, shareholder engagement and sustainable investment remain essential for the sector’s continued growth.

The AGM was attended by the company’s directors, including Bhanendra Kumar Limbu, Navraj Raut, Bam Bahadur Thapa, Hari Prasad Bhatta, Rajaram Khadka, Ishwori Bahadur Adhikari and Baldev Chaudhary, alongside shareholders and company officials.