Himalaya Urja Bikas Company Limited

Himalaya Urja Bikas Company Limited (HUBCL) is a Nepali hydropower development company headquartered in Subidhanagar, Tinkune, Kathmandu. According to its official website, HUBCL was established in 2056 B.S. (the Nepali fiscal year corresponding to 1999–2000) as a private limited company by a team of professionals, and was later converted into a public limited company on 17th Kartik, 2071 B.S. (around early November 2014). The company's stated purpose is to help develop Nepal's hydropower potential. HUBCL's core business is the development, construction and eventual operation of run-of-river hydropower projects. Its two flagship schemes are the Upallo Khimti Hydropower Project (UKHP), with a capacity of 12 MW, and the Upper Khimti-II Hydropower Project (UKHP-II), with a capacity of 7 MW. Both projects are located on the Khimti Khola in Chhuchure V.D.C. of Ramechhap district, Nepal. As described on the company's website, both projects are in the construction phase, with preliminary works completed and hydromechanical, civil and electromechanical contractors engaged to complete them on schedule. The company has projected completion within two years of the site update. Financially, HUBCL reports an authorized capital of NRs. 990 million and an issued capital of NRs. 470 million, with more than 1,400 shareholders. The two projects reached financial closure on 23rd Mangsir 2071 B.S. (UKHP) and 3rd Chaitra 2071 B.S. (UKHP-II) respectively, through a consortium of four banks: Nabil Bank Limited, Everest Bank Limited, Nepal Bank Limited and Ace Development Bank Limited. Nabil Bank Ltd. is the lead bank. The debt package totals NRs. 1,435,000,000 for Upallo Khimti and NRs. 924,000,000 for Upper Khimti-II, with both projects financed on a 3:1 debt-to-equity ratio. As a public limited company with a broad shareholder base, HUBCL communicates with investors through public notices, annual general meetings, right-share and book-closure notices, and board election programs. Its website also publishes news and events, project photographs, and information on social mitigation activities. The company remains an active, construction-stage hydropower developer focused on the Khimti river corridor in Nepal.

Himalaya Urja Bikas Company Limited (HUBCL) was established in 2056 B.S. (the Nepali year corresponding to 1999–2000) as a private limited company by a team of professionals. Its founding purpose, as stated on its website, was to foster the potential hydropower sector of Nepal. The company was subsequently converted into a public limited company on 17th Kartik, 2071 B.S. (around early November 2014), a step that broadened its shareholder base and allowed it to raise capital publicly. HUBCL's development focus has been the Khimti Khola in Chhuchure V.D.C. of Ramechhap district, Nepal, where it is developing two hydropower projects: the Upallo Khimti Hydropower Project (UKHP), with a capacity of 12 MW, and the Upper Khimti-II Hydropower Project (UKHP-II), with a capacity of 7 MW. Both projects are run-of-river schemes and are in the construction phase. According to the company, preliminary works required for the projects have been completed, and hydromechanical, civil and electromechanical contractors are working at a good pace for timely completion. The company projected completion within two years of its site update. Financing has been a central part of HUBCL's history. The two projects achieved financial closure on 23rd Mangsir 2071 B.S. for UKHP and 3rd Chaitra 2071 B.S. for UKHP-II, respectively, through a consortium of four banks: Nabil Bank Limited, Everest Bank Limited, Nepal Bank Limited and Ace Development Bank Limited. Nabil Bank Ltd. served as the lead bank. The debt provided by the consortium amounts to NRs. 1,435,000,000 for Upallo Khimti and NRs. 924,000,000 for Upper Khimti-II, with both projects financed on a 3:1 debt-to-equity ratio. The company reports an authorized capital of NRs. 990 million and an issued capital of NRs. 470 million, and more than 1,400 shareholders. As a public company, HUBCL maintains an active corporate-governance and investor-relations calendar. Its website publishes public notices including board of director election programs, second issue open notices, right share notices, book closure notices and notices of its annual general meetings (including a 22nd AGM). It also publishes news and events, project photographs, and information on social mitigation activities. The company's central office is located in Subidhanagar, Tinkune, Kathmandu. HUBCL remains an active, construction-stage hydropower developer in Nepal.

• HUBCL established as a private limited company in 2056 B.S.

• Converted into a public limited company on 17th Kartik, 2071 B.S.

• Upallo Khimti Hydropower Project (12 MW) achieved financial closure on 23rd Mangsir 2071 B.S.

• Upper Khimti-II Hydropower Project (7 MW) achieved financial closure on 3rd Chaitra 2071 B.S.

• Both UKHP and UKHP-II under construction, with hydromechanical, civil and electromechanical contractors engaged.

A Nepali public hydropower developer focused on the Khimti Khola corridor in Ramechhap district, financed by a four-bank consortium and owned by a broad base of over 1,400 shareholders.

• Upallo Khimti Hydropower Project (UKHP)

  A 12 MW run-of-river hydropower project on the Khimti Khola in Chhuchure V.D.C., Ramechhap district, Nepal. Under construction.

• Upper Khimti-II Hydropower Project (UKHP-II)

  A 7 MW run-of-river hydropower project on the Khimti Khola in Chhuchure V.D.C., Ramechhap district, Nepal. Under construction.

1. 1Himalaya Urja Bikas Company Limitedhimalurja.com
2. 2Himalaya Urja Bikas Company Limited (HUBCL)himalurja.com
3. 3Himalaya Urja Bikas Company Limitedwikidata.org