About HPPL

INTRODUCTION

Himalayan Power Partner Ltd. (HPPL) was established in 2061 B.S. as a private limited company with the main objectives to provide the services in the fields of research, development and consultation in the energy sector. The company is promoted by a well-known conglomerate business house of Nepal, the IME Group and is registered under the Company Act 2063 of Nepal in company registration office, government of Nepal. The head office of the company is located at Maharajgunj, Kathmandu, Nepal. The IME Group has a wide range of business activities such as green energy/ hydropower, tourism, automobile, etc. The company was converted to the Public Limited Company in June 2013 after entry of NRN Infrastructure and Development Limited as a partner. The company share holding pattern was 51% by NRN and 49% by HPPL and after issuing the IPO the share holding pattern changed to 35.6% by NRN, 34.4% by HPPL and 30% by public. The share trading is going on in the secondary market since 2074 BS. The company has developed Dordi Khola Hydropower Project (27 MW) in Lampung, Nepal. The Project was commissioned on 14th Ashwin 2079 and is running/ operating smoothly by the in-house team of HPPL. The company has also invested in the upcoming project Middle Kaligandaki HEP (66.3 MW), Myagdi, which is being developed by Hydro Support Pvt/ Ltd., a sister company of IME Group of industries.


CAPITAL STRUCTURE

The authorized capital of the company is NPR. 2700 million and the paid-up capital is NPR 1065 million.


BOARD OF DIRECTOR

The Board of Directors appointed by 9th AGM, held on 30th Poush 2078, consists of 7 members as follows:

From Promoter Side:

  1. Mr. Kul Acharya – Chairman
  2. Mr. Pashupati Bhandari
  3. Mr. Guru P. Dhakal – Executive Director
  4. Mr. Chandra Prasad Dhakal

From Promoter Side:

  1. Mr. Ambika Prasad Paudel
  2. Mr. Dibakar Poudel

Independence Director:

  1. Mr. Hemanta Kumar Dabadi

From Promoters:


Mr. Kul Acharya - (Chairman)
Mr. Pashupati Bhandari
Mr. Guru Prasad Dhakal

From Public Shareholders:


Mr. Ambika Prasad Paudel
Mr. Dibakar Poudel

Independent Director:


Dr. Hemanta Kumar Dabadi