Name if the Company: M/S Ghalemdi Hydro Limited (GHL)
Dete of Edtablishment : 2070-09-21(2014-01-05)
Co. Registration No : 118415/070/071 as a Public Limited Company.
Ind. Dept Reg. No : ………………………
Income Tex PAN No : 600995827 issued dated 2071/02/02
Name of Project : Ghalemdi Hydro Electric Project (GHEP)
Objective of Comepany : generation and distribution of electricity.
Project - : Construction and operation of a Hydroelectric project from Ghalemdi Khola at Narchyag VDC, Myagdi District ,Nepal.
Project Capacity : 4 MW
Capital Structure Of the Company: Authorized Capital : N R. 25 Cores
Promoter : Public : 70:30 of issued Capital
Promoter share : Group A
Promoter share : Group B
Total Project Cost : Fixed Investment: NRs.65.40 Crores
IDC : NRs. 2.68 Crores
Total : NR 71.08 Crores
Average Cost Per MW: NR. 17.77 Crores
Proposed financing Pattern: Equity Capital : NR 21.58 Crores :
Bank Loan : NR 49.50 Crores (Loan : Rs. 43.81 Cr.+ IDC :5.68Cr.)
Total : NR. 71.08Crores
Brief Synopsis of Project : The License of Ghalemdi Khola for generation for 4000 KW hydroelectricity had initially been organized by M/S CEMAT Power Development Company Pvt. Ltd, having registered office at kupondol Lalitpur Nepal.
Data of Issue of Generation licese: 2070/09/22
Validity of Generation licese: 2105/09/13
License No : B.B.B 070/71 Bi.Uu 110
Connection agreement and Power Purchase Agreement (PPA) with NEA had been accomplished and sigend with M/ CEMAT Power Development Company Pvt. Ltd.
Date of PPA: 2069/12/30(12th April 2013)
The key promoters of the current company GHL had been owning private limited company named "Relinar Energy (P) Limited (REOL)" Having registered office at entered in to a contract with CEMAT PDCPL for purchase and transfer if all legal right and title on license of Ghalemdi Khola hydroelectric project of 4 MW capacity located at ward no 7, Narchyang VDC of Mygdi District . Both of the companies were desirous of implementing and operating the project under joint investment and agreed to do so. The later company(CEMAT) transferred its all legal right and title on License and agreed to be a shareholder of the implementing company . and again the said private limited company (REPL) was then converted into Limited company as Ghalemdi Hydro Limited (GHL).
Date of Contract between CEMAT & REPL : 2069-08-26 (11th December 2012)
Date of application at DED for transfer of License to GHL : 2070/10/05
Obtained Principle approval : 2071/01/09