Chhabi Pokhrel's Contact Details

Chhabi Pokhrel's Company Details

Hydroelectricity Investment and Development Company Limited (HIDCL)

, , • 11 - 50 Employees
Financial Services

Off late, Government of Nepal has realized the dire situation of power sector in Nepal and importance of Government involvement for the development of the Hydropower in Nepal. To address the burgeoning situation of energy problem and solve the urgent need of energy crisis and the understanding the importance of a special wing with huge financial might, professional expertise, single point agenda that could implement the hydropower development programs of the government, Government of Nepal on 6 July 2011 decided to set up a special purpose vehicle (SPV) in the form of Jalvidhyut Lagani Tatha Bikas Company Limited or Hydroelectricity Investment and Development Company Limited (HIDCL).HIDCL, a public investment company with 50 Billion authorized capital, 10 Billion Issued Capital and 8 Billion Paid up Capital, started its operations from 11 July 2011 at the Kathmandu District Development Committee premises at Babbarmahal in Kathmandu and continues to operate from the same facility.With vision to become the top hydro power investment company in Nepal by mobilizing funds for investment in generation, transmission and distribution of hydroelectricity and free the country from the chronic power shortage, provide energy security and realize its export potentials, HIDCL started its operations from 11 July 2011 at the Kathmandu District Development Committee premises at Babbarmahal in Kathmandu and continues to operate from the same facility.The company has mandate to invest in project either through debt or equity. Mostly, it invests in hydroelectricity generation, transmission and distribution projects through banks and financial institutions. It also can borrow loan and receive grants from foreign and international financial institutions so as to invest in projects. The major sources of fund comes from issuing financial instruments such as bonds, debentures, and certificate of deposit.