Samling Power Company IPO Data 2078

Samling Power Company Ltd is going to issue IPO to the general public from 4th Kartik 2078.

The general public can apply for the IPO shares from 4th Kartik to 8th Kartik 2078. The company is about to issue an IPO worth Rs 730,000  units of ordinary shares with face value of Rs 100 per share.

The general public will be able to apply for the 678,900 units.

One can apply for a minimum of 10 units and a maximum of 20,000 units.

You can apply IPO from bank or through MeroShare app.

About Samling Power Company Limited.

Samling Power Company is a hydropower development company incorporated in 2014 AD. Samling Power Company`s head office is located in Sanepa – 2, Lalitpur Nepal.

Samling Power Company was registered in the Office of the Company Registrar, Government of Nepal as a private company on 2070 Chaitra 23 in order to identify the feasibility, construction and operation of the hydropower projects using the immense water resources in Nepal, with the combined effort of private sector entrepreneurs. This company has been operating in the name of Samling Power Company Limited by transforming into a public limited company on 2076/2/24 for the purpose of expanding public participation of the residents and general public of the project affected area. 

The company has entered into a power purchase agreement with the Nepal Electricity Authority (NEA) for the purpose of selling the electricity generated from its project. The company is currently about to complete Mai Beni Hydropower Project 9.51MW at Ilam Municipality, Ilam, Nepal.

Objectives

As mentioned in the Articles of Association of the company, the main objectives of this company are as follows:

  1. To conduct study, research and survey of small, medium and large hydropower projects in various possible places by conducting extensive research of water resources.
  2. To generate, transmit and distribute hydropower by constructing hydropower projects in the private sector from rivers, canals, streams, lakes and reservoirs in different parts of the State of Nepal.
  3. To generate, transmit and distribute alternative energy in the private sector by producing alternative energy from solar, wind, thermal and other sources besides hydropower as per the requirement of electrical energy.
  4. Floating technology (technology of generating electricity by dipping turbines in the river). Generating and distributing electricity using state-of-the-art machines made from gas, oil, wind or its alternative technology.
  5. To produce and sell alternative energy from turbines and machines invented by various state-of-the-art technologies.
  6. To provide consultancy services in the field of hydropower and environment, to prepare reports by surveying, investigating, studying, monitoring and evaluating new hydropower projects, to develop the hydropower sector.
  7. To study, research, develop, purchase, sell, distribute and broadcast power projects in collaboration with Nepal Electricity Authority, and other domestic and foreign bodies, institutions, firms, companies, individuals or groups with the approval of the concerned body.
  8. To sell, distribute and export electricity produced by the Nepal Electricity Authority, and other domestic and foreign bodies, institutions, firms, companies, individuals or groups by purchasing or on hire purchase or under contract after approval from approving authority.
  9. To supply or distribute electricity in coordination with small, medium and large hydropower projects.
  10. To buy and sell electricity.
  11. To organize meetings, conferences, seminars, workshops, etc. for the development of hydropower and alternative energy.
  12. To have the equipment required for hydropower and alternative energy imported and to be leased and used as per the requirement of the company.
  13. To operate power generation projects in a joint venture with a foreign company wishing to be involved in power generation or to work as a local representative of such company.
  14. To manage and operate the companies with the same objective by taking the responsibility of management and operation.
  15. To organize and participate national and international level seminars, trainings, seminars, workshops, exhibitions, festivals and ceremonies to produce skilled manpower in the field of electricity generation from solar, wind, thermal, etc. besides hydropower as per the requirement of electric energy.
  16. To develop liaison relations with various governmental, non-governmental bodies, business associations and companies as per the need to work in accordance with the mentioned objectives.

Note : All the informations related with Samling Power Company and its objectives are taken from Samling Power Company`s Website.

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