It is with immense pleasure that I present to you our annual report for the fiscal year 2079/080. This year has been nothing short of remarkable, marked by significant achievements that stand as a testament to ChesCo's unwavering commitment to excellence in our industry. In terms of financial performance, I am delighted to report that our firm has maintained a steady trajectory of growth. Despite the unprecedented challenges posed by the global pandemic in previous years and the ongoing economic uncertainties, we have not only weathered the storm but have also achieved an increase in our revenue compared to the previous year. This noteworthy accomplishment can be attributed to a blend of factors: the expansion of our project portfolio, the relentless dedication of our exceptional staff, the successful partnerships we've cultivated, and our enduring focus on operational efficiency.
Our commitment to operational excellence remains at the forefront of our endeavors. This year, we achieved significant milestones by securing new projects and completing several critical feasibility study projects, laying the groundwork for innovative solutions in the years to come. These achievements reflect our dedication to pushing the boundaries of engineering and delivering high-impact results to our clients and the community.
In the fiscal year 2079/080, we secured an impressive 13 new projects, expanding our portfolio and opening new avenues for growth. And we successfully completed 7 projects, delivering on our promises to our clients and demonstrating our ability to execute complex projects effectively. Another significant milestone for us was acquisition of a transmission line project: “Feasibility Study of Syaule-Sanfebagar 132 kV Transmission Line Project. This has further diversified our portfolio beyond hydropower development, marking our entry into the transmission line sector. Also, we have harnessed cutting-edge LiDAR technology in our surveying efforts, demonstrating our dedication to staying at the forefront of technological advancements.
From our modest beginnings in 2016 (2073 B.S.), we have evolved into a thriving community, rich not only in numbers but also in talents and creativity. Among the three foundational pillars upon which ChesCo stands, the first and foremost is 'People,' encompassing our dedicated employees, esteemed clients, valued stakeholders, and trusted partners. This pillar, together with 'Value' and 'Quality,' collectively form the bedrock of our success. I extend my heartfelt gratitude to everyone for your dedication, relentless effort, and unwavering commitment. Your enduring support has not only sustained this company but has propelled it to new heights.
As we navigate the challenges and opportunities that lie ahead, I am confident that ChesCo's foundation of excellence, innovation, and collaboration will continue to guide us toward even greater achievements. Thank you for being part of our remarkable journey.
Prajesh Bikram Thapa
Contract Agreement between Dudhkoshi Jalvidyut Company Limited and ChesCo