Upper Tamakoshi Hydroelectric Project
Upper Tamakoshi Hydropower Limited operates Nepal's 456 MW run-of-river hydroelectric plant on the Tamakoshi River in Dolakha District, selling all generated electricity exclusively to Nepal Electricity Authority under a sole Power Purchase Agreement.
- Company typePrivate
- Founded2007
- HeadquartersKathmandu, Nepal
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Upper Tamakoshi Hydroelectric Project does
Upper Tamakoshi Hydropower Limited (UTKHPL) is a Nepal-based state-promoted hydroelectric utility that owns and operates the 456 MW Upper Tamakoshi run-of-river hydroelectric power plant on the Tamakoshi River in Dolakha District. Incorporated in March 2007 by Nepal Electricity Authority (NEA), the company was established to develop one of Nepal's largest hydropower assets and has been designated a National Pride Project by the Government of Nepal. The company is listed on the Nepal Stock Exchange (ticker: UPPER), with a diversified ownership structure spanning NEA (41%), Nepal Telecom (6%), Citizens Investment Trust (2%), Rastriya Beema Sansthan (2%), general public (15%), Dolakha district residents (10%), and Employee Provident Fund/staff (24%). Approximately 35 staff support operations, headquartered in Kathmandu with field operations in Dolakha District.
The plant utilizes run-of-river hydropower technology, with major infrastructure including a headrace tunnel, surge shaft, penstock, and powerhouse equipped with six generating units. Key construction and commissioning milestones include main tunnel breakthrough in November 2017, tunnel water filling in June 2021, and trial power generation of 76 MW in July 2021. The company is also developing the Rolwaling Khola Hydroelectric Project as an adjacent expansion asset, currently in the EPC procurement phase, indicating forward pipeline activity beyond the flagship plant.
UTKHPL's business model is structurally simple: electricity generated at the Upper Tamakoshi plant is sold exclusively to NEA under a long-term Power Purchase Agreement, making NEA the sole off-taker and the company's entire revenue base. The company publishes quarterly and annual financial disclosures, with the 16th and 17th annual reports (FY 2079/80 and FY 2080/81) and the 3rd quarterly report for FY 2082/83 referenced as recent outputs. Revenue ramp is tied to completion of commissioning at the 456 MW design capacity, with all cash flow ultimately dependent on NEA's payment performance and PPA tariff terms.
Upper Tamakoshi Hydroelectric Project firmographics
Firmographics- Name
- Upper Tamakoshi Hydroelectric Project
- Legal name
- Upper Tamakoshi Hydropower Limited
- Website
- https://utkhpl.org.np
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Upper Tamakoshi Hydropower Limited operates Nepal's 456 MW run-of-river hydroelectric plant on the Tamakoshi River in Dolakha District, selling all generated electricity exclusively to Nepal Electricity Authority under a sole Power Purchase Agreement.
- Ownership category
- akta.pro rank
Upper Tamakoshi Hydroelectric Project industry classification
Industry- Product category
- Hydroelectric Power Generation
- NAICS
- Hydroelectric Power Generation (221111)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance) (EUAMADAE)
- akta.pro secondary industry
- Hydropower Project Development & Permitting (Greenfield, Licensing, Water Rights) (EUAMADAA)
Keywords
Where Upper Tamakoshi Hydroelectric Project is headquartered
LocationHeadquarters
- HQ city
- Kathmandu
- HQ country
- Nepal
- HQ region
- Asia
Offices2 records
Markets served
Upper Tamakoshi Hydroelectric Project business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel
Revenue model
- Electricity Sales: The company generates hydroelectric power through the Upper Tamakoshi Hydropower Plant and sells electricity to Nepal Electricity Authority (NEA) under power purchase agreements. Revenue is generated from the sale of generated electricity to the national grid.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Upper Tamakoshi Hydroelectric Project product offering
Product offeringCore offering
Upper Tamakoshi Hydropower Limited operates a 456 MW run-of-river hydroelectric power plant on the Tamakoshi River in Dolakha District, Nepal. The company generates clean electricity from the river's flow and sells it wholesale to Nepal Electricity Authority (NEA) under long-term power purchase agreements. The generated electricity is then distributed through Nepal's national transmission grid to end consumers, supporting national energy security and reducing dependence on imported energy.
Product overview
Upper Tamakoshi Hydropower Limited operates as a single-product hydroelectric generation company managing the 456 MW Upper Tamakoshi Hydropower Plant, Nepal's largest run-of-river hydroelectric project. The company also maintains the Rolwaling Khola Hydroelectric Project as a subsidiary development. The core offering is electricity generation and supply to Nepal's national grid, with supporting corporate functions including IPO offerings, share management, and annual financial reporting.
Differentiator
Problem solved
Functional benefit
Products and services
- Upper Tamakoshi Hydropower Plant A 456 MW run-of-river hydroelectric power plant located in Dolakha District, Nepal, utilizing water from the Tamakoshi River to generate clean electricity for Nepal's national grid. The plant sells all generated power wholesale to Nepal Electricity Authority (NEA) under long-term power purchase agreements.
- Rolwaling Khola Hydroelectric Project
Companies that use Upper Tamakoshi Hydroelectric Project
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Upper Tamakoshi Hydroelectric Project technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Upper Tamakoshi Hydroelectric Project partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights2 records
Upper Tamakoshi Hydroelectric Project competitors and assessment
Company assessmentBroad incumbents
- Statkraft AS: Norway's state-owned hydropower major — largest generator of renewable energy in Europe with ~30,000+ GWh hydro output. Provides benchmark for operational excellence, O&M cost discipline, and asset value at scale in run-of-river hydro.
- NHPC Limited: India's largest hydropower developer (~7,000 MW operational) and central public-sector enterprise with run-of-river and storage projects. Provides benchmark for sovereign-backed hydro asset operations at much larger scale than UTKHPL.
- SJVN Limited: Indian central public-sector hydropower major (formerly Satluj Jal Vidyut Nigam) with ~2,000+ MW hydro capacity across India and Nepal JV projects. Comparable as a state-aligned hydro operator with cross-border Nepal exposure and broader utility scale.
- Tata Power (hydroelectric division): Large Indian integrated utility with significant hydropower assets in India and Bhutan. Comparable as a diversified power player with state-aligned hydro exposure; broader portfolio offers different revenue mix but similar asset class.
Direct peers
- Butwal Power Company Limited (BPCL): Nepal's oldest private-sector hydropower developer with a portfolio of run-of-river projects selling to NEA. Directly comparable in business model, customer base, and regulatory environment; offers insight into private-hydro returns alongside UTKHPL's state-owned model.
- National Hydropower Company Limited (NHCL): Nepal hydropower operator developing multiple projects including Rasuwagadhi and other run-of-river plants, selling to NEA. Comparable scale and strategic positioning to UTKHPL within Nepal's state-linked hydro sector.
- Chilime Hydropower Company Limited: Nepal-based run-of-river hydropower operator with multiple small-hydro plants selling electricity to NEA under similar PPA structures. Same regulatory framework, customer (NEA), and business model as UTKHPL, making it the closest Nepal-listed comparable.
Regional players
- Druk Green Power Corporation Limited: Bhutan's state-owned hydropower operator exporting electricity to India. Comparable as a sovereign-aligned Himalayan run-of-river generator with similar export-offtake economics, though focused on India exports rather than domestic Nepal supply.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Upper Tamakoshi Hydroelectric Project social profiles
Digital presenceUpper Tamakoshi Hydroelectric Project financial estimates
Financial estimateRevenue estimate
Valuation estimate
Upper Tamakoshi Hydroelectric Project leadership team
Management profileNumber of profiles
Profiles1 record
Upper Tamakoshi Hydroelectric Project funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Upper Tamakoshi Hydroelectric Project M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Upper Tamakoshi Hydroelectric Project
What does Upper Tamakoshi Hydroelectric Project do?
Upper Tamakoshi Hydropower Limited operates a 456 MW run-of-river hydroelectric power plant on the Tamakoshi River in Dolakha District, Nepal. The company generates clean electricity from the river's flow and sells it wholesale to Nepal Electricity Authority (NEA) under long-term power purchase agreements. The generated electricity is then distributed through Nepal's national transmission grid to end consumers, supporting national energy security and reducing dependence on imported energy.
Is Upper Tamakoshi Hydroelectric Project a public or private company?
Upper Tamakoshi Hydroelectric Project is a private company. It is classified as state government owned and is currently operating.
When was Upper Tamakoshi Hydroelectric Project founded?
Upper Tamakoshi Hydroelectric Project was founded in 2007. It employs 11 to 50 people.
Where is Upper Tamakoshi Hydroelectric Project based?
Upper Tamakoshi Hydroelectric Project is headquartered in Kathmandu, Nepal, in the Asia region.
How does Upper Tamakoshi Hydroelectric Project make money?
One revenue line is on record: electricity Sales.
Who are Upper Tamakoshi Hydroelectric Project's main competitors?
Broad incumbents on record are Statkraft AS, NHPC Limited, SJVN Limited and Tata Power (hydroelectric division). Direct peers are Butwal Power Company Limited (BPCL), National Hydropower Company Limited (NHCL) and Chilime Hydropower Company Limited. Druk Green Power Corporation Limited is listed as a regional player.
Does Upper Tamakoshi Hydroelectric Project have an API?
No public API is recorded for Upper Tamakoshi Hydroelectric Project.
What industry is Upper Tamakoshi Hydroelectric Project in?
Upper Tamakoshi Hydroelectric Project's product category is Hydroelectric Power Generation. Its primary akta.pro industry code is EUAMADAE, Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance), with a secondary code of EUAMADAA, Hydropower Project Development & Permitting (Greenfield, Licensing, Water Rights). Its NAICS code is 221111 and its SIC code is 4911.