Butwal Power Company

What Butwal Power Company does

Butwal Power Company Limited (BPC) is a Nepal-based, publicly listed hydropower company incorporated in 1966 and traded on the Nepal Stock Exchange under ticker BPC. BPC operates a vertically integrated power portfolio spanning electricity generation, distribution, equipment manufacturing, engineering consultancy, and O&M services. The company directly owns and operates the 9.4 MW Andhikhola and 12 MW Jhimruk run-of-river hydropower plants (21.4 MW total, generating approximately 140.38 GWh annually), and distributes electricity under license to more than 36,000 consumers across four districts of Western and Midwestern Nepal through two Distribution Centres. Generation output is sold primarily to the Nepal Electricity Authority under long-term PPAs.

Through majority-owned subsidiaries, BPC extends its reach across the hydropower value chain: Nyadi Hydropower Limited (30 MW, operating), Khudi Hydropower Limited (4.2 MW, operating), Kabeli Energy Limited (37.6 MW under development), Nepal Hydro & Electric Limited (hydro-mechanical and electro-mechanical equipment manufacturing and refurbishment), Hydro Consult Engineering Limited (ISO 9001:2015 certified engineering consultancy with international projects in Pakistan, Kenya, Uganda, Papua New Guinea, Zambia, and Zimbabwe), and BPC Services Limited (O&M services). Associates include Himal Power Limited, which operates the 60 MW Khimti Hydropower Project, and Hydro Lab Private Limited, Nepal's only physical hydraulic model study facility.

BPC's growth strategy is anchored by the 2023 Joint Venture Company with three Chinese partners (Sichuan Provincial Investment Group, Chengdu Xingcheng Investment Group, Qing Yuan Engineering Consulting) to develop the 601 MW Marsyangdi Cascade (three projects: 135 MW Manang Marsyangdi, 139.2 MW Lower Manang Marsyangdi, 327 MW Upper Marsyangdi-2). The company is diversifying beyond traditional hydropower into solar (7 MW Jhimruk On-Grid Solar Project) and green hydrogen (50kW pilot inaugurated in 2024). Ownership is dominated by Shangri-La Energy Limited at 56.27%, with general public shareholders at 29.29% and the Government of Nepal at 7.42%.

Name

Butwal Power Company

Legal name

Butwal Power Company Limited

Website

https://www.bpc.com.np

Company type

Public

Founded year

1966

Operating status

Operating

Headcount range

101–250 employees

Short description

Butwal Power Company is a vertically integrated Nepalese hydropower company operating 21.4 MW of generation, distributing electricity to 36,000+ consumers in four districts, and extending into equipment manufacturing, consulting, and O&M through subsidiaries, with a 601 MW cascade JV under development.

Ownership category

akta.pro rank

Product category

Hydropower and Electricity Distribution

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)

SIC

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

akta.pro primary industry

Hydropower Plant Development & Permitting (Greenfield/Brownfield) (EUACAEAE)

akta.pro secondary industries

Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing (EUAMAHAF), Electric Distribution System Owners (Wires-Only Companies) (EUADABAI), Hydro Balance-of-Plant EPC (Penstocks, Gates, Intake/Outfall, Auxiliaries) (EUAEADAH), Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

Keywords

• Hydropower generation
• Electricity distribution
• Engineering consultancy
• Hydro equipment manufacturing
• Operation maintenance services

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Sales: BPC operates power plants and sells generated electricity to Nepal Electricity Authority (NEA) under long-term Power Purchase Agreements. Revenue is generated from energy generation and sales, accounting for a major portion of company revenue. Currently operating 5.1 MW Andhikhola (upgraded to 9.4 MW) and 12 MW Jhimruk hydropower plants.
2. Electricity Distribution: BPC distributes electricity in four districts of Western and Midwestern Nepal (Syangja, Palpa, Pyuthan, Arghakhanchi) serving more than 36,000 consumers through two Distribution Centres at Galyang and Darimchaur.
3. Engineering Consultancy Services: Hydro-Consult Engineering Limited provides comprehensive engineering consultancy including feasibility studies, environmental assessments, detailed design, construction supervision and project management for hydropower and infrastructure projects domestically and internationally.
4. Equipment Manufacturing and O&M Services: Nepal Hydro & Electric Limited manufactures and refurbishes hydro-mechanical and electro-mechanical equipment. BPC Services Limited provides operation and maintenance services to hydropower plants.
5. Subsidiary Revenue (Nyadi, Khudi, Kabeli-A): Revenue from subsidiary companies including Nyadi Hydropower Limited (30 MW), Khudi Hydropower Limited (4.2 MW), and Kabeli Energy Limited (37.6 MW project under development) through power purchase agreements with NEA.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Butwal Power Company develops, owns, and operates run-of-river hydropower plants (Andhikhola 9.4 MW and Jhimruk 12 MW) and sells generated electricity to Nepal Electricity Authority under long-term Power Purchase Agreements. The company also directly distributes electricity to more than 36,000 consumers across four districts of Western and Midwestern Nepal through its own Distribution Centres. Through subsidiaries, BPC extends its offerings to engineering consultancy, hydro-mechanical and electro-mechanical equipment manufacturing and refurbishment, and O&M services.

Product overview

Butwal Power Company (BPC) operates a vertically integrated energy portfolio in Nepal's power sector, encompassing hydropower project development, electricity generation, and distribution. The core offerings include owned hydropower plants (Andhikhola 9.4 MW and Jhimruk 12 MW) and electricity distribution to over 36,000 consumers across four districts. Through subsidiaries and joint ventures, BPC extends its portfolio to include: Nyadi Hydropower Limited (30 MW operating project), Kabeli Energy Limited (37.6 MW project under development), Khudi Hydropower Limited (4.2 MW operating project), Nepal Hydro & Electric Limited (hydro-mechanical equipment manufacturing and repair), Hydro Consult Engineering Limited (engineering consultancy), and BPC Services Limited (operation and maintenance services). BPC is also diversifying into solar energy (7 MW Jhimruk On-Grid Solar Project) and green hydrogen technology (50kW pilot project). The Marsyangdi Cascade joint venture with Chinese partners develops three projects totaling 601 MW (Manang Marsyangdi 135 MW, Lower Manang Marsyangdi 139.2 MW, Upper Marsyangdi-2 327 MW). Associates include Himal Power Limited (60 MW Khimti project) and Hydro Lab Private Limited (hydraulic research services).

Differentiator

Problem solved

Functional benefit

Products and services

• Hydropower Electricity Generation Generation of electricity through run-of-river hydropower plants including the Andhikhola Hydropower Project (9.4 MW after upgrade) and Jhimruk Hydropower Project (12 MW), with combined annual energy generation of approximately 140.38 GWh. Electricity is sold to Nepal Electricity Authority under long-term Power Purchase Agreements.
• Electricity Distribution Service Distribution of electricity to more than 36,000 consumers across four districts of Western and Midwestern Nepal (Syangja, Palpa, Pyuthan, and Arghakhanchi), including 7,800 direct consumers and 28,000 consumers served through User Organizations across 62 VDCs and 2 municipalities. Operated through two Distribution Centres at Galyang and Darimchaur. Tariffs are regulated and published.
• Hydropower Engineering Consultancy Services Comprehensive engineering consultancy for hydropower and infrastructure projects ranging from mini-hydropower (6.7 MW) to large projects (495 MW), including feasibility studies, environmental assessments, detailed design, construction supervision, and project management. Services delivered domestically and internationally (Pakistan, Kenya, Uganda, Papua New Guinea, Zambia, Zimbabwe), including early warning system design and commissioning at the 2,130 MW Kariba Dam.
• Hydro-mechanical and Electro-mechanical Equipment Manufacturing and Refurbishment Manufacturing, erection, and commissioning of hydro-mechanical equipment, electro-mechanical equipment, and high/medium/low voltage substations for hydropower plants, including refurbishment and repair services. Also delivers EPC contracts for substations.
• Hydropower Plant Operation and Maintenance Services Operation and maintenance (O&M) services for hydropower plants, currently providing O&M to BPC subsidiary Khudi Hydropower Project.
• 50kW Green Hydrogen Pilot Project Pilot project for green hydrogen production using renewable energy, marking BPC's diversification into alternative energy technology beyond traditional hydropower.
• Jhimruk On-Grid Solar Project (7 MW) 7 MW solar power project on 11.7 bigha land in Pyuthan District, feeding electricity into the national grid at Lamahi substation through the existing 132 kV transmission line; represents BPC's expansion into solar energy generation.

Quantifiable outcome

• 36,000+ consumers served with electricity distribution
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Sichuan Provincial Investment Group Co. Ltd (SCIG)coreStrategic or Co-development Partner · 1 January 2023One of three Chinese partners in Joint Venture Company for Marsyangdi Cascade Projects. SCIG joins CXIG and QYEC to develop three hydropower projects (601 MW total) in cascade with BPC's Lower Manang Marsyangdi project. The JVC is developing Manang Marsyangdi (135 MW), Lower Manang Marsyangdi (139.2 MW), and Upper Marsyangdi-2 (327 MW) projects.
• Chengdu Xingcheng Investment Group Co. Ltd (CXIG)coreStrategic or Co-development Partner · 1 January 2023One of three Chinese partners in Joint Venture Company for Marsyangdi Cascade Projects. Partnering with BPC and two other Chinese companies to develop 601 MW of hydropower capacity in Marsyangdi Corridor through cascade development model.
• Qing Yuan Engineering Consulting Co. Ltd (QYEC)coreStrategic or Co-development Partner · 1 January 2023Engineering consulting partner in JV with BPC and two other Chinese companies for Marsyangdi Cascade Projects. Provides technical expertise for development of 601 MW combined capacity hydropower projects.
• United Mission to Nepal (UMN)minorStrategic or Co-development PartnerMission organization holding 1.37% ownership. Historical partner in BPC's founding and development; instrumental in establishing Butwal Technical Institute and supporting early hydropower projects including Tinau, Andhikhola, and Jhimruk.
• Nepal Electricity Authority (NEA)coreStrategic or Co-development PartnerState-owned utility holding 0.86% ownership. Primary off-taker for BPC's electricity generation through PPAs. Provides grid infrastructure and transmission line access including 132/33 kV substations and Marsyangdi Corridor transmission lines.
• Zhejiang Hydropower Construction & Installation Co. Ltd (ZHCIC)minorImplementation/ SI/ Consulting PartnerEPC contractor for Nyadi Hydropower Project (30 MW). Mobilized at site since January 2017, awarded contract for construction works including civil works, equipment installation.
• International Hydropower Association (IHA)minorOthersHydro-Consult Engineering is an active member of IHA, providing industry networking and best practice access for hydropower consultancy services.
• Orio (Uganda)minorStrategic or Co-development PartnerInternational client for whom HCE is managing nine mini-hydropower projects (6.7 MW total) in Uganda as part of international consultancy services.
• Kariba Hydro-Electric Schemes (Zambia and Zimbabwe)minorStrategic or Co-development PartnerHCE providing technical expertise for Early Warning System Design, Supervision of Installation of Equipment and Commissioning at Kariba Dam (2,130 MW) - major international engagement.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Tata Power: Indian integrated power major with significant hydropower and renewable generation portfolio. Comparable as a diversified IPP with generation, distribution, and consulting-adjacent services in South Asia.
• Statkraft: Norwegian state-owned hydropower major and historical co-founder of Himal Power Limited with BPC. Comparable as a global hydropower IPP with development, generation, and consulting capabilities at vastly greater scale.
• Nepal Electricity Authority (NEA): State-owned national power utility that is BPC's sole off-taker, grid operator, and minority shareholder. Operates generation, transmission, and distribution across Nepal; directly comparable as the dominant market participant shaping the environment BPC competes in.

Others

• Voith Hydro: Global hydro turbine and generator manufacturer and EPC contractor. Directly comparable to NHE's hydro-mechanical/electro-mechanical manufacturing scope and to the BoP capabilities BPC Services deploys.
• Andritz Hydro: Global manufacturer of hydro turbines, generators, and balance-of-plant equipment, comparable to NHE's equipment manufacturing and refurbishment business. Serves as both a competitor and a benchmark for indigenous hydro equipment capabilities BPC aspires to.

Regional players

• NHPC Limited: Indian government-owned hydropower major with large portfolio of run-of-river and storage hydro projects. Regionally comparable South Asian hydropower developer/IPP with similar PPA-driven business model, though operating in India's regulatory regime.
• SJVN Limited: Indian hydropower and power transmission company with multi-gigawatt hydro portfolio. Comparable South Asian listed hydropower developer/IPP with similar vertical integration into consulting and project development.

Direct peers

• National Hydropower Company: Government-promoted Nepali hydropower developer focused on medium and large hydro projects. Directly comparable as a Nepali hydropower developer competing for similar project licenses and NEA PPAs.
• Himal Power Limited: Associate company of BPC operating the 60 MW Khimti Hydropower Project under BOOT framework. Closely comparable BOOT-style hydropower operator with shared BPC stakeholder DNA and similar NEA off-take structure.
• Chilime Hydropower Company: Nepal-listed hydropower company developing and operating run-of-river hydropower projects with similar regulatory regime and NEA PPA structure. Directly comparable Nepali IPP with similar scale and customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

• LinkedInlinkedin.com/company/butwal-power-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Butwal Power Company