Global Climate Solution Stocks

Himalaya Urja Bikas Company Limited develops run-of-river hydropower projects in Nepal and is listed on NEPSE. It is developing Upallo Khimti (12 MW) and Upper Khimti-II (7 MW) on the Khimti River, for a combined 19 MW of zero-carbon electricity.

Api Power Company Ltd operates three hydropower projects totalling 56.5 MW and three solar plants (6 MW), supplying zero‑carbon electricity in Nepal.

Rasuwagadhi Hydropower Company Limited operates the Rasuwagadhi Hydroelectric Project, a 111 MW run-of-river plant in Rasuwa commissioned 31 December 2024, supplying zero-carbon electricity to Nepal.

Sanima Mai Hydropower operates two run-of-river plants in Nepal — the 22 MW Mai Hydropower Project and the 7 MW Mai Cascade — totalling 29 MW, commissioned in 2015–2016 to provide zero‑carbon electricity.

Sanjen Jalavidhyut Company Limited operates two cascade hydropower projects in Nepal (14.8 MW and 42.5 MW) for a combined 57.3 MW; promoted by Chilime Hydropower with local IPO participation.

Ngadi Group Power develops and operates small hydropower projects in Nepal, owning one 5 MW Small Hydropower Project (commercial since 2012). It holds investments in three associate hydropower projects, two operational and one under construction.

Mandakini Hydropower develops and operates small-scale hydropower in Nepal, owning the 4 MW Sardi Khola plant and a 2.90 MW project under construction, supplying zero-carbon electricity to the national grid.

Peoples Hydropower Co. Ltd operates the 54 MW Super Dordi hydropower plant (commissioned 22 May 2023) and is developing the 57 MW Himchuli Dordi project. The company has two listed projects, with 54 MW currently commissioned, supplying zero-carbon electricity in Nepal.

Shuvam Power Company Limited operates the 1 MW Lower Piluwa Khola run-of-river hydropower plant in Nepal, which began commercial operation in 2011 and supplies zero‑carbon electricity to the national grid.

People's Power Limited (PPL) develops and operates run-of-river hydropower in Nepal. The company owns one commissioned project, the c.5 MW Upper Puwa‑II, which entered commercial operation on 27 November 2022 and supplies zero‑carbon electricity to Nepal's grid.

Synergy Power Development Ltd develops and operates hydropower in Nepal, owning the Siprin Khola run-of-river plant (installed capacity about 10 MW). The plant has operated since 2013 and supplies zero-carbon electricity to Nepal.

Universal Power Company Ltd develops and operates hydropower plants in Nepal, owning the 11 MW Tallo Khare Khola and developing a 24 MW plant, supplying zero-carbon electricity to Nepal.

Khanikhola Hydropower Co. Ltd. develops and operates two run-of-river projects totaling about 6.4 MW of installed capacity in Lalitpur District, supplying zero-carbon electricity to Nepal.

Mailung Khola Jal Vidhyut Company develops and operates a 5 MW run-of-the-river project (Mailung Khola) in Rasuwa District, Nepal; COD July 2014, with a PPA with Nepal Electricity Authority to supply zero-carbon electricity.

Dordi Khola Jal Bidyut operates the 12 MW Dordi‑11 run‑of‑river plant (commercial since 3 Oct 2022) and holds survey/licenses for two planned projects (30 MW and 24.41 MW), supplying zero‑carbon electricity in Nepal.

Sahas Urja develops and operates hydropower in Nepal, owning one run-of-river project — the 86 MW Solu Khola / Dudh Koshi plant, commissioned March 2023 — supplying zero-carbon electricity to Nepal.

Himalayan Power Partner Ltd (HPPL) develops and operates hydropower in Nepal. It operates one run-of-river plant, the 27 MW Dordi Khola in Lamjung.

Upper Syange Hydropower Limited operates the 2.4 MW Upper Syange Khola run-of-river plant in Lamjung District

Nepal Hydro Developers operates hydropower in Nepal, owning the 4 MW Charanawati Khola plant (commercial operation June 7, 2013, in Dolakha) and studying a ~7 MW Lower Charanawati project, contributing zero‑carbon electricity to Nepal.

Rapti Hydro and General Construction Limited develops and operates hydropower in Nepal. The company operates the 5 MW Rukum Gad run-of-river plant.