Him Urja

What Him Urja does

Him Urja Private Limited is an Indian independent power producer specializing in small-scale run-of-river hydropower development in the Himalayan region. Founded in 1995 as part of the diversified MG Group, the company commissioned India's first small hydropower plant in the Himalayan region — the 4.4 MW Rajwakti project on river Nandakini in Uttarakhand — in April 2002, followed by the 15 MW Vanala project on the same river in December 2009. The company is building a third and fourth project, Dewali (13 MW) and Melkhet (24 MW with diurnal pondage), with both scheduled for commissioning by July 2025, taking combined installed capacity to 56.4 MW and planned annual generation to approximately 212 million units.

Him Urja executes the full hydropower project lifecycle in-house — survey, site identification, detailed project report preparation, civil/mechanical/electrical engineering, execution, commissioning, and operations and maintenance — supported by a technical collaboration with IIT Roorkee. The company is family-owned and led by founder-Chairman Arun Gupta with family members managing finance, projects, and administration. There are no disclosed external institutional investors, and the company is privately held.

The business model is B2B/B2G: Him Urja generates electricity at its run-of-river plants and sells it entirely under long-term Power Purchase Agreements to Uttarakhand Power Corporation Limited (UPCL), a state government utility. Pricing is set by negotiated PPA terms, the company earns carbon credits for its renewable generation, and project economics are anchored by state renewable energy purchase obligations. All projects are concentrated in Chamoli district, Uttarakhand, with the company referencing potential footprint in Himachal Pradesh and Uttar Pradesh. Marketing is minimal, relying on a corporate website and direct utility engagement rather than broad GTM campaigns.

Name

Him Urja

Legal name

Him Urja Private Limited

Website

https://himurja.co.in

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Him Urja Private Limited is an Indian independent hydropower producer operating run-of-river small hydropower plants in Uttarakhand, selling all electricity under long-term PPAs to Uttarakhand Power Corporation Limited, with capacity expanding from 19.4 MW to 56.4 MW by July 2025.

Ownership category

akta.pro rank

Product category

Small Hydropower Generation

NAICS

Hydroelectric Power Generation (221111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance) (EUAMADAE)

akta.pro secondary industries

Hydropower Plant Development & Permitting (Greenfield/Brownfield) (EUACAEAE), Hydropower EPC & Civil Construction (Dams, Weirs, Tunnels, Penstocks) (EUAMADAB), Hydropower Turbines & Electro-Mechanical Equipment (Turbines, Generators, Governors) (EUAMADAC)

Keywords

• Small hydropower generation
• Run-of-river projects
• Renewable energy developer
• Hydropower project development
• Independent power producer

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Sale: Him Urja generates electricity from its run-of-river small hydropower projects and sells it through long-term Power Purchase Agreements (PPAs) with Uttarakhand Power Corporation Limited (UPCL). The company derives financial strength from successful commissioning of various projects and Group-level activities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Him Urja develops, builds, owns, and operates run-of-river small hydropower plants in the Himalayan region of India, currently with a 19.4 MW operational portfolio (Rajwakti 4.4 MW and Vanala 15 MW) and 37 MW under construction (Dewali 13 MW and Melkhet 24 MW). The company sells electricity generated from these projects under long-term Power Purchase Agreements with state government utilities, primarily Uttarakhand Power Corporation Limited (UPCL), leveraging in-house engineering capabilities across the full hydropower project lifecycle from survey and DPR to commissioning and operations & maintenance.

Product overview

Him Urja operates as an independent power producer specializing in small hydropower development in the Himalayan region. The company's portfolio consists of four run-of-river hydroelectric projects, all located in the Chamoli district of Uttarakhand on tributaries of the Alaknanda river. Two projects (Rajwakti at 4.4 MW and Vanala at 15 MW) are operational since 2002 and 2009 respectively, while two additional projects (Dewali at 13 MW and Melkhet at 24 MW) are under development with commissioning targeted for July 2025. The company manages projects from identification through operation and maintenance, leveraging in-house engineering capabilities across civil, mechanical, and electrical disciplines.

Differentiator

Problem solved

Functional benefit

Products and services

• Rajwakti Hydro Power Project (4.4 MW) Run-of-river hydropower project located on the river Nandakini in Chamoli district, Uttarakhand. Commissioned in April 2002 with 4.4 MW installed capacity and 26 million units of annual energy generation. Built at a cost of $5 million. It was the first small hydropower plant in the Himalayan region and is sold to state utilities through long-term PPAs.
• Vanala Hydro Power Project (15 MW) Run-of-river hydropower project on the river Nandakini, approximately 5 km upstream from Rajwakti. Commissioned in December 2009 with 15 MW installed capacity and 81 million units of annual energy generation. Built at a cost of $21 million. Output is sold to state utilities under long-term PPAs.
• Dewali Hydro Power Project (13 MW) Run-of-river hydropower project under construction on the river Nandakini, 3 km downstream from the Rajwakti unit. Planned 13 MW installed capacity with 69.89 million units of expected annual energy generation. Total project cost approximately $25 million. Scheduled for commissioning by July 2025; output intended for sale to state utilities under PPAs.
• Melkhet Hydro Power Project (24 MW) Run-of-river hydropower project with diurnal pondage on the river Pindar/Pidar in Chamoli district. Construction began in June 2023 with planned 24 MW installed capacity and expected 142.53 million units of annual energy generation. Total project cost approximately $41 million. Scheduled for commissioning by July 2025.

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

One partnership is on record.

• IIT RoorkeecoreTechnology or IntegrationTechnical collaboration with IIT Roorkee for hydro-power project development, providing technical inputs and expertise for project planning and execution.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Adani Green Energy: One of India's largest renewable energy IPPs with a portfolio dominated by solar and wind but expanding into hydro and hybrid projects. A broad incumbent in the Indian IPP landscape competing for state-level renewable PPAs and large-scale project allocations.
• SJVN Limited: Government-owned hydropower and renewable energy company with operations across Himachal Pradesh, Uttarakhand, and other northern states. A broad incumbent in the small-to-mid hydropower space, competing for the same state PPAs and project sites Him Urja targets.
• NHPC Limited: India's largest state-owned hydropower developer with an installed base of over 7 GW across multiple Himalayan and northern states. It is a broad incumbent competitor in the same small-to-large hydropower development space Him Urja operates in, with significantly greater scale and capital access.
• JSW Energy: Listed Indian power company with hydro, thermal, and renewable assets including hydropower plants in Himachal Pradesh and Karnataka. A broad incumbent competing for the same renewable PPA opportunities as Him Urja, though operating at meaningfully greater scale.
• Tata Power Renewables: Renewable energy arm of Tata Power with a diversified portfolio including hydropower. It is a broad incumbent in the Indian power sector that competes with Him Urja for state-level PPAs and renewable energy projects, but with much greater capital and balance-sheet strength.
• ReNew Power: One of India's largest independent renewable energy IPPs with utility-scale solar, wind, and hydro assets. A broad incumbent in the Indian renewable IPP market with comparable PPA-driven business model but vastly greater scale and access to project finance.

Direct peers

• Madhya Bharat Power Corporation: Independent power producer with hydropower and thermal assets in central and northern India. A direct peer in the independent small-to-mid hydropower IPP space with comparable project size, PPA-driven revenue model, and engineering-led development approach.
• Greenko Group: Independent renewable energy IPP in India with a large portfolio of hydro, wind, and solar assets. Directly comparable as a privately-held (until recent acquisition) renewable IPP that develops, owns, and operates generation assets under long-term PPAs with Indian state utilities.
• Statkraft India: Indian subsidiary of Norway's Statkraft, one of Europe's largest hydropower generators, operating hydropower projects in India under long-term PPAs. A direct peer in the small-to-mid hydropower IPP space with comparable run-of-river and storage hydropower development expertise.
• Bhilwara Energy: Privately-held Indian IPP with small hydropower and renewable energy projects, including assets in the Himalayan region. A direct peer in the mid-sized independent hydropower development space, with similar project scale, PPA structure, and family/promoter ownership profile.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/Him-Urja-Private-Limited-100054246740102
• LinkedInlinkedin.com/company/him-urja-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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 Him Urja