Chhabi Pokhrel

Hydroelectricity Investment and Development Company Limited

HIDCL is duly recognized by the Government of Nepal and Nepal Rastra Bank (The Central Bank of Nepal) as a financial institution. It has the mandate to generate and invest financial resources in Hydroelectricity Generation, Transmission and Distribution Projects in Nepal. 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 but currently operates from 4th Floor, New CIT Building, New Baneshwor. 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.