Malana Power Company

What Malana Power Company does

Malana Power Company Limited (MPCL) is a private Indian hydroelectric power producer incorporated in 1997 in Himachal Pradesh and commissioned in July 2001. It owns and operates a single 86 MW run-of-river hydroelectric facility on the Malana tributary of the Parvati River in Kullu district, Himachal Pradesh. The plant employs two 43 MW vertical 6-jet Pelton turbine units supplied by BHEL, fed via a barrage head regulator, desilter, 3,300-meter headrace tunnel, and 850-meter steel penstock, with a 480-meter gross head and 26 m³/sec design flow. Annual energy generation averages approximately 350 GWh, contributing an estimated 200,000 tonnes of avoided CO₂ emissions annually versus thermal generation.

The company operates as a merchant power plant, selling 100% of its electricity output under a single Power Purchase Agreement with PTC India Limited, which then distributes into the Northern India grid via the Bajaura connection point of Himachal Pradesh State. It runs as a peaking plant (approximately four hours/day) from November to May and as a base-load plant during the summer and monsoon season (June-October). MPCL holds ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO 27001:2022 certifications, and was India's first merchant hydroelectric plant, completed ahead of industry-standard timelines.

MPCL is wholly controlled by the LNJ Bhilwara Group through Bhilwara Energy Limited (51%) and Chango Yangthang Hydro Power Limited (49%), with a strategic joint venture with Statkraft of Norway providing technical expertise including Norwegian sediment removal technology and advanced turbine runner coatings. Revenue mechanics are entirely transactional (per-kWh PPA tariffs) with no disclosed pricing, and the business is single-asset, single-customer, with 11-50 employees operating from a corporate headquarters in Noida and a site office at Chauki village, Kullu.

Name

Malana Power Company

Legal name

Malana Power Company Limited

Website

https://malanapower.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Malana Power Company Limited is a private Indian run-of-river hydroelectric power producer operating an 86 MW plant in Kullu district, Himachal Pradesh, selling 100% of its ~350 GWh annual output to PTC India under a single Power Purchase Agreement.

Ownership category

akta.pro rank

Product category

Hydroelectric Power Generation

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991), Motors & Generators (3621), Engines & Turbines (3510)

akta.pro primary industry

Utility-Scale Power Generation Asset Management (EUAEAMAA)

akta.pro secondary industries

Hydroelectric Turbines & Governors (IMAHAFAD), Hydro BOP Civil & Water Conveyance (Dams, Spillways, Penstocks, Canals) (EUAMAFAG), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK)

Keywords

• Hydroelectric power generation
• Merchant power plant
• Run-of-river scheme
• Renewable energy
• Independent power producer

Headquarters

HQ city

Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Electricity Generation and Sales: Malana Power Company operates as a merchant power plant selling electricity generated from its 86 MW run-of-river hydroelectric project. Revenue is generated through power sales under a Power Purchase Agreement with PTC, India. The plant operates as a peaking plant during November to May (approximately 4 hours per day) and as a base load plant during the summer and rainy season (June-October).

Go-to-market motion1 record

Distribution channels1 record

Core offering

Malana Power Company operates an 86 MW run-of-river hydroelectric power plant in Kullu district, Himachal Pradesh, generating electricity from two 43 MW vertical 6-jet Pelton turbine units commissioned in July 2001. The company functions as a merchant power plant selling electricity under a Power Purchase Agreement (PPA) with PTC, India, operating as a peaking plant during November-May and as a base load plant during June-October. Annual average output is approximately 350 GWh, contributing to meeting Northern India's power deficit of around 1,500 MW.

Product overview

Malana Power Company Limited operates a single 86 MW run-of-river hydroelectric power plant in Kullu district, Himachal Pradesh, commissioned in July 2001. The company generates electricity and sells it as a merchant power plant, operating under a Power Purchase Agreement with PTC, India. The project collects water from the Malana river tributary of the Parvati River and generates power through two 43 MW vertical Pelton turbine units.

Differentiator

Problem solved

Functional benefit

Products and services

• Malana Hydroelectric Project An 86 MW run-of-river hydroelectric power plant located on the tributary Malana of the Parvati River in Kullu district, Himachal Pradesh, using two 43 MW vertical 6-jet Pelton units. Generates an average of 350 GWh annually and supplies power to Northern India.
• Electricity Generation and Supply Merchant power generation and supply via Power Purchase Agreement with PTC India. Operates as a peaking plant during November to May (approximately 4 hours per day) and as a base load plant during summer and rainy season (June-October). Power is transmitted via high voltage transmission line to Bajaura connection point of Himachal Pradesh State.

Quantifiable outcome

• 200,000 tonnes of CO2 emissions avoided annually through clean hydroelectric generation

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and major.

• StatkraftcoreStrategic or Co-development PartnerStatkraft, Norway's leading energy company, is a joint venture partner with Malana Power Company. Both partners work in close cooperation and exchange technical and financial expertise. The association led to introduction of innovative Norwegian sediment removal technology and state-of-the-art turbine runner coatings that significantly reduced erosion damage, improving plant efficiency and operations.
• BHEL (Bharat Heavy Electricals Limited)majorTechnology or IntegrationBHEL supplied the major electromechanical works for the Malana Hydroelectric Project including the two 43 MW vertical 6-jet Pelton turbine units.

Scale indicators6 records

Recent moves5 records

Expansion highlights2 records

Direct peers

• Allain Duhangan Hydro Power Limited: Sibling hydro asset owned under the LNJ Bhilwara Group umbrella, with a similar run-of-river configuration and shared Statkraft technical partnership. Operates in the same Himachal Pradesh region with comparable scale, making it the closest direct comparable for MPCL.
• Greenko Group: One of India's largest renewable IPPs with operating hydro, wind, and solar assets integrated with pumped storage. Comparable as an independent renewable power producer selling to commercial and industrial off-takers and grid operators under long-tenor contracts.
• ReNew Power: Leading independent renewable energy generator in India with utility-scale wind, solar, and hydro capacity supplying C&I and utility customers. Comparable as a privately-held renewable IPP pursuing growth in India's clean-energy transition.
• Adani Green Energy: Largest Indian renewable IPP with a multi-gigawatt portfolio of solar, wind, and hybrid assets supplying utilities and C&I customers under long-term PPAs. Comparable as a scaled renewable generator benefiting from India's 500 GW clean-energy buildout.

Broad incumbents

• NHPC Limited: India's largest state-owned hydropower generator with a diversified portfolio of large hydro plants across the Himalayas and Northeast. Comparable as a hydro-only generation business selling to central and state off-takers under long-term PPAs.
• SJVN Limited: Major Indian hydropower and renewable IPP with a portfolio of run-of-river and storage hydro assets in Himachal Pradesh and beyond. Comparable as a hydro-focused merchant and PPA-based generator operating in the same regulatory framework as MPCL.
• Tata Power: Integrated Indian power utility with generation, transmission, distribution, and renewables arms including hydro assets in the Western Ghats and Himalayas. Comparable as a hydro-owning integrated utility with diversified generation mix and long-term PPA off-take.
• JSW Energy: Indian power producer with thermal, hydro, and renewable assets selling to state discoms and C&I customers. Comparable as a diversified private IPP with operating hydro capacity and similar exposure to Indian power-market reforms.
• Torrent Power: Integrated private power utility with generation, transmission, and distribution in Gujarat and other states, including renewable capacity. Comparable as a private-sector Indian IPP/utility generating and selling electricity under long-term contracts.
• Reliance Power: Private Indian IPP with a portfolio of large thermal, hydro, and renewable projects selling to state distribution companies under long-term PPAs. Comparable as a private hydro operator exposed to similar merchant and regulatory dynamics in Northern India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/malana-power-company-limited-mpcl-

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Malana Power Company