About Us

Company Profile

Mountain Hydro Nepal Limited is a limited company registered under the Company Act of Nepal established with an objective of promoting hydropower projects in Nepal. The company has been licensed for construction, operation and generation of 21.6MW Hydropower project from the lower hewakhola situated at Panchthar District.

Corporate Developments

The company has completed all required works to be done from the government and governing
authorities, which has briefly been summarized hereunder:
Corporate Registrations ( As a Private Limited Company ):

Date of Registration as a Pvt. Co. 2062/03/28/03
Registration No 35169/061/062 dated 2070/1/24
Date of Registration as a Ltd. Co. 2073/02/32
Registration No: 150880/061/062 dated 2073/02/32
DoED Registration: 1922/341/069/70
PAN: 302017157
Authorized Capital: NRS 1250.0 Million
Paid Up Capital: NRS 732,535,000.00
Capital at DoED: NRS 3611.7 Million with capacity of 21.6 MW

The company was converted into Public Limited Company vide special general meeting of the
company with unanimous consensus of the shareholders.

 

Management

Sitaram Timalsina, Executive Chairman

The company has been headed by Mr. Sitaram Timalsina in a capacity of Executive Chairman. He is a reputed businessman of Kathmandu who have been into the business of Petrolium Products, Gas Stations, Gas Plants, Invested into Hospitals and Medical Colleges and hydro projects in Nepal.

Kalu Gurung, Director

Mr. Kalu Gurung is a well reputed businessman in Nepal. Mr Gurung is a real estate tycoon of Nepal and has diversified field of investments in various industries such as Steel Industry, Hydropower, Infrastructures development, etc all over the country.

Pushpa Chitrakar, Director

Mr. Pushpa Chitrakar is a well reputed engineer and has been involved in engineering and design of hydropower projects for about 2 decades.

Prahlad Timalsina, Director

Mr. Prahlad Timalsina is a reputed businessman of Kathmandu who have been into the business of Petrolium Products, Gas Stations, Gas Plants and hydro projects in Nepal.

Satish Timalsina, Executive Director

Mr. Satish Timalsina is an MBA graduate from USA and has been fully involved into the project as an executive director.

Dependra Angbo Limbu, Executive Director:

Mr. Dipendra Limbu is a promoter as well as executive director of the company and he is basically from the locality of the project site and is actively involved in the project in a role of coordinating local issues coming up in the project site.