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15 Pc Bonus Share By Arun Valley

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Arun Valley Hydro Power Development Company Ltd decided to distribute 15 per cent of bonus share and 0.75 per cent of cash dividend. According to the press statement released by the Company, the 16th Annual General Meeting of the Company held recently also decided to authorise the Board of Directors (BOD) to issue rights share at 1:1 ratio.  
The company has said it has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority for Kabeli-B1 Hydropower project of 25-megawatt capacity and Upper Piluwakhola Project of 9.6 megawatt capacity. It has informed that it is taking ahead the Kabeli-B1 project with 
utmost priority. 
 
The AGM has elected Guru Prashad Neupane, Ramesh Prashad Neupane, Bachchha Raj Tater, Jeevan Raj Shakya and Puja Neupane for the Board of Directors. Likewise, Sanjeev Neupane and Bhej Prashad Timilsina too have been elected unanimously for t
he board.

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