Hydroelectricity Investment and Development Company Limited

Overview

Established on July 11, 2011, Hydroelectricity Investment and Development Company Limited (HIDCL) is a state-owned enterprise in Nepal dedicated to investing in hydropower and renewable energy projects. The company aims to mobilize funds from both domestic and international sources to support the development of medium to large-scale hydropower projects, as well as transmission and distribution infrastructure. HIDCL's mission is to contribute to the national economy by enhancing electricity production and supply, thereby improving national income and employment opportunities. HIDCL's investment strategy involves providing capital through debt or equity in hydropower and renewable energy projects. The company also invests in bonds and debentures related to these sectors and collaborates with banks and financial institutions to finance such projects. Additionally, HIDCL has the authority to borrow loans and receive grants from foreign and international financial institutions to further its investment objectives. The company is committed to fostering sustainable growth by offering innovative hydropower solutions that benefit all stakeholders. As a government-owned entity, HIDCL holds a significant portion of its shares, with the remaining held by institutional investors and the general public. This structure enables the company to leverage both public and private sector resources in its investment endeavors. HIDCL's focus on hydropower and renewable energy aligns with Nepal's broader goals of achieving energy security and realizing the export potential of its abundant water resources. Through its investments, HIDCL plays a pivotal role in the development of the country's energy infrastructure, contributing to economic growth and environmental sustainability. HIDCL's portfolio includes investments in various hydropower projects, such as the Simbuwa Khola Hydroelectric Project, a 70.34 MW facility located in the Phaktanglung Rural Municipality of Taplejung district. The company also collaborates with other entities, like Vidhyut Utpadan Company Limited (VUCL), to jointly develop large-scale hydropower projects, including the Phukot Karnali PROR HEP (480 MW) and the Mugu Karnali Storage HEP (1902 MW). These collaborations demonstrate HIDCL's commitment to advancing Nepal's hydropower sector and addressing the country's energy needs. HIDCL's investment philosophy emphasizes professionalism, integrity, and value creation for its shareholders. The company is dedicated to offering timely and quality services to its customers and partners, ensuring that its investments contribute positively to the development of Nepal's energy infrastructure. By focusing on hydropower and renewable energy, HIDCL aims to play a leading role in the country's transition towards sustainable energy solutions, supporting both economic development and environmental conservation.