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Author	Post
Dilbert	Reply #1 Fri Nov 15, 2013 11:07 am
Moderator Registered: Jun 2013 Posts: 574 Location: Kathmandu, Nepal	Thank you Rajesh ji. I will keep this in mind.
Rajesh Sharma	Reply #2 Fri Nov 15, 2013 8:42 am
Member Registered: Jun 2013 Posts: 105	Rajesh Sharma Butawal Power Company Some friends have sent me email asking to update them about BPCL Butwal Power Company was established in 1966 as private company and converted into public limited company in 1993. Its paid up capital is 1,015,269,400 and reserve is 1,694,908,832. The Company has been promoting several companies like Himal Hydro as associate and Kabeli, Khudi, Nyadi as subsidiaries besides its own project – Andhikhola. Its promoters are: Sangrila Energy 68.95%, Public shares 10%, Government of Nepal 9.09%, Interkraft Nepal (Norwegian Co.) 6.05, United Mission to Nepal 2.79%, Employees 2%, NEA 1.06% and NIDC 0.06%. Since last November 2012, it has been maintaining and upgrading its Andhikhola project from 5.1 MW to 9.4 MW. It has been awarded 37.6 MW Kabeli A project for which World Bank has agreed to partner with sizable percentage of investment. UMN, an NGO and Ministry of Finance are in dispute regarding UMN’s investment in a business venture. Hence, the issue of rights share has been hanging on the balance, keeping the status as it was 3 years ago. The World Bank has been pressing the Finance Ministry to resolve the issue with UMN as soon as possible and issue the rights shares. The amount is needed for Kabeli project. Its Nepal Rep has met the Joint Secretary in the Ministry of Finance in September who has replied her that he would resolve it soon. The company has been completing Andhikhola soon and will start generating electricity probably by February 2014. Hence, its first and second quarter balance sheet will not look good at all as that was the case of last year Annual report. Finally, the company may not give good return immediately and traders and short term investors may not like this company to invest in. However, from three to five year investment perspective or beyond this period, this is one of the BEST companies in all three areas – image and standing, financial performance, continuous growth prospect. This could be equal to Chilime on the long term. The association of the World Bank with this company and presence of Interkraft within it may ensure its good management. I have some investment in this company and I will retain it for the next 5 years thinking that this is an AJAMBARI hen which will deliver the proverbial golden eggs. Rest, you are wise enough. http://sharenepalcomments.wordpress.com/2013/11/15/butawal-power-company/ https://www.facebook.com/groups/531177483586163/

Rajesh Sharma

Butawal Power Company

Some friends have sent me email asking to update them about BPCL

Butwal Power Company was established in 1966 as private company and converted into public limited company in 1993. Its paid up capital is 1,015,269,400 and reserve is 1,694,908,832. The Company has been promoting several companies like Himal Hydro as associate and Kabeli, Khudi, Nyadi as subsidiaries besides its own project – Andhikhola.
Its promoters are: Sangrila Energy 68.95%, Public shares 10%, Government of Nepal 9.09%, Interkraft Nepal (Norwegian Co.) 6.05, United Mission to Nepal 2.79%, Employees 2%, NEA 1.06% and NIDC 0.06%.
Since last November 2012, it has been maintaining and upgrading its Andhikhola project from 5.1 MW to 9.4 MW.
It has been awarded 37.6 MW Kabeli A project for which World Bank has agreed to partner with sizable percentage of investment.
UMN, an NGO and Ministry of Finance are in dispute regarding UMN’s investment in a business venture. Hence, the issue of rights share has been hanging on the balance, keeping the status as it was 3 years ago.
The World Bank has been pressing the Finance Ministry to resolve the issue with UMN as soon as possible and issue the rights shares. The amount is needed for Kabeli project. Its Nepal Rep has met the Joint Secretary in the Ministry of Finance in September who has replied her that he would resolve it soon.
The company has been completing Andhikhola soon and will start generating electricity probably by February 2014. Hence, its first and second quarter balance sheet will not look good at all as that was the case of last year Annual report.

Finally, the company may not give good return immediately and traders and short term investors may not like this company to invest in. However, from three to five year investment perspective or beyond this period, this is one of the BEST companies in all three areas – image and standing, financial performance, continuous growth prospect. This could be equal to Chilime on the long term. The association of the World Bank with this company and presence of Interkraft within it may ensure its good management. I have some investment in this company and I will retain it for the next 5 years thinking that this is an AJAMBARI hen which will deliver the proverbial golden eggs.

Rest, you are wise enough.

http://sharenepalcomments.wordpress.com/2013/11/15/butawal-power-company/
https://www.facebook.com/groups/531177483586163/