Chilime Hydropower Company

What Chilime Hydropower Company does

Chilime Hydropower Company Limited (NEPSE: CHCL) is a Nepal-listed, public-limited hydropower generation company incorporated in 1995 and headquartered in Kathmandu. Its core operating asset is the 22.1 MW Chilime Hydropower Plant, a peaking run-off-river facility commissioned on August 25, 2003 on the Bhotekoshi River in Rasuwa district, approximately 133 km north of Kathmandu. The plant generates roughly 150 GWh of electricity annually and sells its entire output in bulk to Nepal Electricity Authority (NEA) under a long-term Power Purchase Agreement.

The company is majority-owned (51%) by NEA, with the remaining 49% held by the general public, including a 10% local-people equity reservation tied to project-affected communities. The business model is therefore effectively a regulated B2G (business-to-government) wholesale electricity model with a single offtaker counterparty. Pricing is not publicly disclosed and is determined by the long-term PPA with NEA.

Beyond the operating plant, Chilime operates as a holding structure for hydropower development in Nepal through five wholly-owned subsidiaries: Madhya Bhotekoshi Jalavidyut Company Limited (102 MW MBKHEP, 2010), Sanjen Jalavidyut Company Limited (42.5 MW SHEP + 14.8 MW SUHEP, 2010), Rasuwagadhi Hydropower Company Limited (111 MW RGHEP, 2011), ChilimeSeti Hydropower Company Limited (87 MW Seti Nadi-3, 2022), and Chilime Engineering and Services Company Ltd. (ChesCo), which internalizes engineering, design, supervision, and maintenance capabilities. The combined subsidiary pipeline represents a multi-fold expansion of the group's installed-capacity footprint relative to the operating 22.1 MW plant. Operations are certified to ISO 9001:2008 and ISO 14001:2004 standards, and the company is led by Chairman Er. Dirghayu Kumar Shrestha, Managing Director Er. Baburaja Maharjan, and Company Secretary/CFO Mr. Narayan Prasad Acharya.

Name

Chilime Hydropower Company

Legal name

Chilime Hydropower Company Limited

Website

https://chilime.com.np

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

51–100 employees

Short description

Chilime Hydropower Company Limited is a Nepal-listed, NEA-majority-owned hydropower operator that runs a 22.1 MW peaking run-off-river plant in Rasuwa district, selling all ~150 GWh of annual output to NEA under a long-term PPA while developing additional projects via wholly-owned subsidiaries.

Ownership category

akta.pro rank

Product category

Hydropower Generation

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industries

Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension) (EUACAEAG), Hydropower EPC & Civil Construction (Dams, Weirs, Tunnels, Penstocks) (EUAMADAB), Utility-Scale Power Generation Asset Management (EUAEAMAA)

Keywords

• Hydropower generation
• Hydroelectric power
• Run-of-river plant
• Bulk electricity sales
• Power purchase agreement

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Bulk Electricity Sales to NEA: The company generates hydroelectricity and sells bulk electricity to Nepal Electricity Authority (NEA) at long-term Power Purchase Agreement (PPA) prices. Annual energy generation is approximately 150 GWh.

Distribution channels1 record

Marketing channels3 records

Core offering

Chilime Hydropower Company Limited owns and operates a 22.1 MW peaking run-off-river hydroelectric power plant located in Rasuwa district, 133 km north of Kathmandu, Nepal. Commissioned on August 25, 2003, the plant generates approximately 150 GWh of electricity annually and sells bulk electricity to Nepal Electricity Authority (NEA) under a long-term Power Purchase Agreement (PPA). The company also holds multiple subsidiary hydropower projects under development across Nepal.

Product overview

Chilime Hydropower Company Limited operates as a hydroelectric power generation company incorporated in 1995. The company owns and operates the Chilime Hydropower Plant (22.1 MW), a peaking run-off river type facility located in Rasuwa district. The company sells bulk electricity to Nepal Electricity Authority (NEA) under long-term power purchase agreements. Chilime also holds controlling ownership (51%) through NEA and has several subsidiary companies developing additional hydroelectric projects including Sanjen Jalavidyut Company (Sanjen 42.5 MW, Sanjen Upper 14.8 MW), Madhya Bhotekoshi Jalavidhyut Company (102 MW), Rasuwagadhi Hydropower Company (111 MW), and ChilimeSeti Hydropower Company (Seti Nadi-3, 87 MW).

Differentiator

Problem solved

Functional benefit

Products and services

• Chilime Hydropower Plant

Quantifiable outcome

• 150 GWh annual energy generation capacity

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

Feature1 record

Partnerships

Five partnerships are on record, tiered subsidiary project and core.

• ChilimeSeti Hydropower Company Limited (CSHCL)subsidiary projectStrategic or Co-development Partner · 18 August 2022Subsidiary of Chilime incorporated on August 18, 2022 as a public company. CSHCL is developing Seti Nadi-3 Hydroelectric Project (87 MW) in Bajhang district of Central Development Region.
• Rasuwagadhi Hydropower Company Limited (RGHPCL)subsidiary projectStrategic or Co-development Partner · 1 August 2011Subsidiary of Chilime incorporated in August 2011 as a public limited company. RGHPCL is developing Rasuwagadhi Hydroelectric Project (111 MW) in Rasuwa district of Central Development Region.
• Madhya Bhotekoshi Jalavidhyut Company Limited (MBJCL)subsidiary projectStrategic or Co-development Partner · 1 July 2010Subsidiary company of Chilime registered as public company in July 2010. MBJCL is developing Middle Bhotekoshi Hydroelectric Project (MBKHEP) with installed capacity of 102 MW in Sindhupalchowk district of Central Development Region.
• Sanjen Jalavidhyut Company Limited (SJCL)subsidiary projectStrategic or Co-development Partner · 1 March 2010Subsidiary of Chilime incorporated in March 2010 as a public limited company. SJCL is developing two projects: Sanjen Hydroelectric Project (42.5 MW) and Sanjen Upper Hydroelectric Project (14.8 MW) in Rasuwa district.
• Chilime Engineering and Services Company Ltd. (ChesCo)coreStrategic or Co-development PartnerWholly-owned subsidiary (100% ownership by CHPCL) established to provide complete engineering and services for hydropower project development. Offers engineering services including project identification, investigation, planning, feasibility studies, detail engineering, construction supervision, operation, repair, maintenance, testing, and training works.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• National Hydropower Company Limited (NHCL, Nepal): NHCL is a Nepal-listed hydropower developer and operator running a portfolio of small-to-mid hydropower plants with NEA as primary off-taker. Directly comparable as a domestic peer in the same product category and customer segment.
• Butwal Power Company Limited: BPCL is a Nepal-based hydropower and power-sector services company operating multiple hydropower assets and selling electricity to NEA under PPAs. Comparable in product category, customer base (NEA), and listed-equity structure.
• Sanima Hydropower Limited: Sanima Hydropower is a Nepal-listed hydropower developer operating multiple small-to-mid hydroelectric projects with NEA PPAs. Highly comparable as a domestic operator in the same generation technology and customer base.
• Upper Tamakoshi Hydropower Ltd: Upper Tamakoshi is a Nepal-listed peaking hydropower company (~456 MW) with similar NEA PPA off-take structure and government-majority ownership. Directly comparable as a domestic hydropower operator with long-term contracted revenue and a similar regulatory backdrop.

Broad incumbents

• Tata Power Company Limited: Tata Power operates a diversified generation portfolio that includes hydropower assets in India and cross-border projects, alongside thermal and renewables. Relevant as a broad incumbent with overlapping hydropower capabilities and long-term PPA structures.
• SJVN Limited (India): SJVN is a listed Indian hydropower major with a multi-GW portfolio and government ownership, operating run-of-river and other hydro plants. Comparable as a regional incumbent with the same generation technology and PPA-driven revenue model.
• NHPC Limited (India): NHPC is India's largest listed hydropower operator (~7+ GW portfolio) with long-term PPAs and government (Indian) majority ownership. Broader incumbent serving the same core function (hydroelectric generation under long-term contracts) at materially greater scale.

Others

• Nepal Electricity Authority (NEA): NEA is Chilime's 51% parent and sole off-taker — the national utility that buys all of Chilime's generation. Relevant not as a peer but as the counterparty that anchors Chilime's revenue structure and shapes its strategic direction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

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Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 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 Chilime Hydropower Company