Rasuwagadhi Hydropower Company Limited

Rasuwagadhi Hydropower Company Limited (RGHPCL) is a Nepalese hydropower company incorporated on August 2011 as a public limited company. It is a subsidiary of Chilime Hydropower Company Limited (CHPCL) within Nepal's hydropower system, established to develop and operate the Rasuwagadhi Hydropower Project in Rasuwa District, Bagmati Province, in the Central Development Region of Nepal. The company's flagship asset is the 111 MW Rasuwagadhi Hydropower Station, a run-of-river plant located in Gosaikunda Rural Municipality Wards 1 and 2 (Thuman and Timure), near the border between Nepal and China (Tibet). The plant has an installed capacity of 111 MW, an annual generation of approximately 613.875 GWh, a gross head of 167.9 m, and a design discharge of 80 m³/s. Its intake is located about 400 m downstream of the confluence of the Gyirong (Kerung) and Lende rivers on the Nepal–China border. The project entered commercial operation on 16 Poush 2081 (31 December 2024). Project financing consists of debt and equity, with the debt requirement met through a long-term loan from the Employees Provident Fund (EPF) under a tripartite loan arrangement among EPF, CHPCL, and RGHPCL. The shareholding structure is 51% promoter shares and 49% public shares. Among the promoters, Chilime Hydropower Company holds 32.79%, the Nepal Electricity Authority (NEA) holds 18%, and local bodies of Rasuwa District hold 0.21%. The company is therefore a publicly held hydropower operator whose ownership combines corporate promoters, the national power utility, and the general public. RGHPCL sells electricity to the Nepal grid as a generating company, and its corporate website provides financial reports, annual reports, general meeting reports, notices, procurement information, and job vacancies for investors and the public. In 2026, the company reported severe flooding that caused major damage to the project's physical structures and left one director and many employees unaccounted for, an event that has dominated its recent disclosures.

Rasuwagadhi Hydropower Company Limited (RGHPCL) was incorporated in August 2011 as a public limited company in Nepal. It was established as a subsidiary of Chilime Hydropower Company Limited (CHPCL), a Nepali hydropower developer, to build and operate the Rasuwagadhi Hydroelectric Project in Rasuwa district. The project was conceived as a run-of-river scheme on the border rivers between Nepal and China (Tibet), with headworks about 400 m downstream of the confluence of the Kerung Khola and Lende Khola. Financing for the 111 MW project was structured with both debt and equity. The debt requirement was met through a long-term loan from the Employees Provident Fund (EPF), formalized in a tri-partite loan arrangement signed among EPF, CHPCL and RGHPCL on 2068/08/22 in the Nepali calendar. The equity side was divided into 51% promoter shares and 49% public shares. Among the promoters, Chilime Hydropower Company held 32.79%, Nepal Electricity Authority (NEA) held 18%, and local authorities of Rasuwa District held 0.21%. This mixed ownership gave the company a broad base of corporate, state and public shareholders. The project's technical parameters include an installed capacity of 111 MW, an annual energy generation of 613.875 GWh, a gross head of 167.9 m and a design discharge of 80 m³/s at Q40 exceedance. The headrace tunnel runs 4,185 m to the surge tank, and a 715 m tailrace tunnel returns water to the main river course downstream of the powerhouse. The project site is in Gosaikunda Rural Municipality, wards 1 and 2 (Thuman and Timure), accessible via the Kathmandu–Trisuli–Somdang road, about 130 km north of Kathmandu to Syabrubesi and then about 16 km to the site at Rasuwagadhi. The plant reached its Commercial Operation Date (COD) on 16 Poush 2081, corresponding to 31 December 2024. After COD, the company continued to publish investor information, annual reports, AGM reports, procurement notices and recruitment announcements through its website. In 2026, the company reported a severe flood event that caused major damage to physical structures at the project and left the status of a director and many employees unknown, as disclosed in its notices. The company also issued a notice suspending the further selection process for its CEO in August 2026.

• Rasuwagadhi Hydropower Company Limited incorporated as a public limited company in Nepal.

• Tri-partite loan arrangement signed among Employees Provident Fund (EPF), Chilime Hydropower Company Limited (CHPCL) and RGHPCL.

• Commercial Operation Date (COD) of the 111 MW Rasuwagadhi Hydropower Plant, corresponding to 16 Poush 2081.

• Notice issued regarding suspension of the further selection process of the CEO.

• Notice published about project loss and missing employees due to flooding.

A publicly held Nepali hydropower generator and subsidiary of Chilime Hydropower Company Limited, operating a 111 MW run-of-river plant in Rasuwa district.

• Rasuwagadhi Hydropower Plant

1. 1Rasuwagadhi Hydropower Company Limited – Homerghpcl.com.np
2. 2About – Rasuwagadhi Hydropower Company Limitedrghpcl.com.np
3. 3About the Project – Rasuwagadhi Hydropower Company Limitedrghpcl.com.np
4. 4Wikidata – Rasuwagadhi Hydropower Company Limitedwikidata.org