NEPSE sector
Hydropower companies
listed on NEPSE.
Nepal builds electricity, and most of the companies doing it are listed.
111 companies, 1 delisted or suspended. As of 5 September 2026.
The sector
What actually moves these companies.
These are power producers: a company builds a run-of-river plant, signs a power purchase agreement with Nepal Electricity Authority, and sells what it generates.
Two things move them and neither is a balance sheet. The monsoon decides how much water runs through the turbines, so earnings swing hard between wet and dry season. Construction milestones do the rest. A plant that reaches commercial operation date is a different company from one still building.
Before you buy: A hydropower company under construction earns nothing and is priced on a promise. Check whether the plant is generating before you compare its price to a producer that already is.
All 111 are listed: Asian Hydropower Limited (AHL), Arun Valley Hydropower Development Company Limited (AHPC), Ankhu Khola Jalvidhyut Company Limited (AKJCL), Arun Kabeli Power Ltd. (AKPL), Appolo Hydropower Limited (APHL), API POWER COMPANY LIMITED (API), Barun Hydropower Co. Ltd. (BARUN), Bhugol Energy Development Company Ltd (BEDC), and 103 more listed below. That is 39.8% of the 279 companies listed on NEPSE.
- Listed securities
- 111
- Instrument mix
- 111 equity
- Regulator
- Nepal Hydropower Board
- Delisted or suspended
- 1
Listed
Every hydropower security on the exchange.
Listed first, then anything suspended or delisted. A row links through when that symbol has a page of its own.
- AHLAsian Hydropower LimitedListed
- AHPCArun Valley Hydropower Development Company LimitedListedView page
- AKJCLAnkhu Khola Jalvidhyut Company LimitedListedView page
- AKPLArun Kabeli Power Ltd.ListedView page
- APHLAppolo Hydropower LimitedListedView page
- APIAPI POWER COMPANY LIMITEDListedView page
- BARUNBarun Hydropower Co. Ltd.ListedView page
- BEDCBhugol Energy Development Company LtdListedView page
- BGWTBhagawati Hyropower Development Company Ltd.Listed
- BHCLBikash Hydropower Company LtdListedView page
- BHDCBindhyabasini Hydropower Development Company LimitedListedView page
- BHLBalephi Hydropower LimitedListedView page
- BHPLBarahi Hydropower Public LimitedListed
- BJHLBhujung Hydropower LimitedListedView page
- BNHCBuddha bhumi nepal hydro power company limitedListed
- BPCLButwal Power Company LimitedListedView page
- BUNGALBungal Hydro LimitedListedView page
- CHCLChilime Hydropower Company LimitedListedView page
- CHLChhyangdi Hydropower Ltd.Listed
- CKHLChirkhwa Hydropower LimitedListed
- DHELDaramkhola hydro Energy Ltd.ListedView page
- DHPLDibyashwori Hydropower Ltd.Listed
- DOLTIDolti Power Company Ltd.ListedView page
- DORDIDordi Khola Jal Bidyut Company limitedListedView page
- EHPLEastern Hydropower LimitedListedView page
- GHLGhalemdi Hydro LimitedListedView page
- GLHGreenlife Hydropower LimitedListedView page
- GVLGreen Ventures LimitedListedView page
- HDHPCHimal Dolakha Hydropower Com. Ltd.ListedView page
- HHLHimalayan Hydropower LimitedListedView page
- HIMSTARHimstar Urja Company Ltd.Listed
- HPPLHimalayan Power Partner Ltd.ListedView page
- HURJAHimalaya Urja Bikas Company LimitedListedView page
- IHLIngwa Hydropower LimitedListedView page
- JOSHIJoshi Hydropower Development Company LtdListedView page
- KAHLKalanga Hydro LimitedListedView page
- KBSHKutheli Bukhari Small Hydropower LtdListedView page
- KHPLKalinchock Hydropower LimitedListedView page
- KKHCKhanikhola Hydropower Co. Ltd.ListedView page
- KPCLKalika power Company LtdListed
- LECLiberty Energy Company LimitedListedView page
- MABELMabilung Energy LimitedListedView page
- MAKARMakar Jitumaya Suri Hydropower LtdListedView page
- MANDUMandu Hydropower LimitedListed
- MBJCMadhya Bhotekoshi Jalavidyut Company LimitedListedView page
- MCHLMenchhiyam Hydro Power LtdListed
- MEHLManakamana Engineering Hydropower LimitedListed
- MELModi Energy LimitedListed
- MENMountain Energy Nepal LimitedListedView page
- MEPDLMount Everest Power Development LimitedListed
- MHCLMolung Hydropower Company LimitedListed
- MHLMandakini Hydropower LimitedListed
- MHNLMountain Hydro Nepal LimitedListed
- MKHCMaya Khola Hydropower Company LimitedListedView page
- MKHLMaiKhola Hydropower LimitedListed
- MKJCMailung Khola Jal Vidhyut Company LimitedListed
- MMKJLMathillo Mailun Khola Jalvidhyut Ltd.Listed
- MSHLMid solu Hydropower LimitedListed
- NGPLNgadi Group Power Ltd.ListedView page
- NHDLNepal Hydro Developers LtdListed
- NHPCNational Hydro Power Company LimitedListedView page
- NYADINyadi hydropower limitedListed
- PHCLPeoples Hydropower Company LimitedListedView page
- PMHPLPanchakanya Mai Hydropower LtdListed
- PPCLPanchthar Power Company LtdListed
- PPLPeoples Power LimitedListedView page
- RADHIRadhi Bidyut Company LtdListedView page
- RAWARawa Energy Development Ltd.ListedView page
- RFPLRiver Falls power LimitedListedView page
- RHGCLRapti Hydro and General Construction LimitedListedView page
- RHPLRasuwagadhi Hydropower Company LimitedListedView page
- RIDIRidi Power Company LimitedListedView page
- RLELRIDGE LINE ENERGY LIMITEDListedView page
- RURURu Ru Jalbidhyut Pariyojana Ltd.Listed
- SAHASSahas Urja LimitedListedView page
- SANVISanvi Energy LimitedListedView page
- SGHCSwet-Ganga Hydropower and Construction LimitedListedView page
- SGHLSanigad Hydro LimitedListedView page
- SHELSingati Hydro Energy LtdListedView page
- SHPCSanima Mai Hydropower LimitedListedView page
- SIKLESSikles Hydropower LimitedListed
- SIPDShikhar Power Development Ltd.ListedView page
- SJCLSANJEN JALAVIDHYUT COMPANY LTDListed
- SKHELSuryakunda Hydro Electric LimitedListedView page
- SKHLSuper Khudi Hydropower Ltd.ListedView page
- SMHSupermai Hydropower LimitedListed
- SMHLSuper Madi Hydropower LimitedListedView page
- SMJCSagarmatha Jalabidhyut Company LimitedListedView page
- SNORLSnow Rivers LimitedListedView page
- SOHLSolu Hydropower LimitedListedView page
- SPCSamling power company limitedListed
- SPDLSynergy Power Development Ltd.ListedView page
- SPHLSayapatri Hydropower LimitedListedView page
- SPLSHUVAM POWER LIMITEDListed
- SSHLShiva Shree Hydropower LimitedListedView page
- TAMORSanima Middle Tamor Hydropower LimitedListedView page
- TPCTerhathum Power Company LimitedListedView page
- TPKHLTaksar Pikhuwa Khola Hydropower Ltd.ListedView page
- TSHLThree Star Hydropower LtdListed
- TVCLTrishuli Jal Vidhyut Company LimitedListed
- UHEWAUpper Hewakhola Hydropower company LimitedListedView page
- ULHCUpper Lohore Khola Hydropower Company LimitedListedView page
- UMHLUnited Modi Hydropower Ltd.ListedView page
- UMRHUnited Idi Mardi & RB Hydropower LtdListed
- UNHPLUnion Hydropower LimitedListedView page
- UPCLUniversal Power Company LimitedListedView page
- UPPERUpper Tamakoshi Hydropower LtdListedView page
- USHECUpper solu Electric company LimitedListed
- USHLUpper Syange Hydropower LimitedListed
- VLUCLVision Lumbini Urja Company LimitedListed
- YMHLYambaling Hydropower Ltd.ListedView page
- RRHPRairang Hydropower Development Company Ltd.Delisted
Elsewhere
The rest of the market.
A sector is only worth reading against the others. These are the next four by size.
Common questions
About hydropower companies on NEPSE.
111 hydropower companies are listed and trading on the Nepal Stock Exchange. That count is from the exchange's registry as of 5 September 2026.
Two things move them and neither is a balance sheet. The monsoon decides how much water runs through the turbines, so earnings swing hard between wet and dry season. Construction milestones do the rest. A plant that reaches commercial operation date is a different company from one still building. A hydropower company under construction earns nothing and is priced on a promise. Check whether the plant is generating before you compare its price to a producer that already is.
1 symbol in this sector is no longer trading: RRHP. Most Nepali delistings are mergers rather than failures: the company was absorbed into another listed institution and its shareholders were issued shares in the survivor.
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