NIBL Equity Partners Invests NPR 15 Crore in Gurkhas Himalayan Hydro Limited
10th April 2026, Kathmandu
NIBL Equity Partners (NIBLEP), a Specialized Investment Fund (SIF) registered with the Securities Board of Nepal (SEBON) and managed by NIMB Ace Capital Ltd., has concluded an equity investment of NPR 15 crore (NPR 150 million) in Gurkhas Himalayan Hydro Limited, the developer of the 5.875 MW Upper Junbesi Khola Hydropower Project (UJKHPP) located in Solududhkunda Municipality, Solukhumbu District, Koshi Province, Nepal.
NIBL Equity Invests NPR 15 Crore
The equity investment agreement was formally signed on March 19, 2026.
The Upper Junbesi Khola Hydropower Project is a hydro project located in Solukhumbu that aims to generate electricity using the flow of the Junbesi Khola river.
It is a one-hour peaking run-of-river (PRoR) project, meaning it can store water for a short time and generate more electricity during peak demand hours. The project is expected to produce about 35.43 GWh of electricity per year, with around 33% generated during the dry season.
The project has already signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) to sell all of its 5.875 MW electricity. The generated power will be transmitted through a 33 kV line to the Tingla substation via a pooling station that is being built alongside the project.
Shivanth B Pandé, CEO of NIBL Equity Partners, said, “This investment marks a significant portfolio addition for us here at NIBL EP and reaffirms our strategic focus on small-scale hydropower and clean energy investments that contribute to local long-term energy security and economic development.”
“We are pleased to partner with NIBL Equity Partners at this critical stage in the Upper Junbesi Khola project. This partnership will accelerate the completion of the project and ensure timely delivery,” said Santosh Bhattarai, the managing director of Gurkha Himalayan Hydro Limited.
“We believe this collaboration will enhance reliable power supply to remote areas while contributing to Nepal’s long-term vision of a sustainable and clean energy transition .”
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As of January 2026, about 75% of the construction of the project is completed, and commercial operations are set to begin in August 2027.
About NIBL Equity Partners
NIBL Equity Partners is the private equity initiative of NIMB Ace Capital, the country’s largest and most active banking and capital market institution, and a subsidiary of Nepal Investment Mega Bank Limited.
A direct reflection of the innovative spirit of the two legacy institutions can be found in the fund’s investment approach. NIBL equity partners have been financing Nepal’s most promising growth-stage companies, guiding them towards operational excellence, sustainable value creation, and helping build an interconnected and synergetic business ecosystem.
About Gurkhas Himalayan Hydro Limited
Gurkhas Himalayan Hydro Limited is a hydropower development company engaged in the development of the Upper Junbesi Khola Hydroelectric Project (UJKHPP), located in Solukhumbu District of Koshi Province.
The Company is committed to contributing to Nepal’s sustainable energy sector through the development of reliable and environmentally responsible PROR hydropower infrastructure.
The Upper Junbesi Khola project is strategically positioned to harness the hydrological potential of the region, supporting national energy security and long-term economic growth.
For more: NIBL Equity Invests NPR 15 Crore
