Himalayan Power Partner CEO Appointment Announced
25th January 2026, Kathmandu
Himalayan Power Partner Limited (HPPL) has officially announced the appointment of Munna Shakya as its Acting Chief Executive Officer. The strategic leadership update was finalized during a meeting of the company’s Board of Directors held on Magh 9, 2082 (January 23, 2026). This move aims to ensure management continuity as the company navigates a pivotal phase in its operational and financial recovery within Nepal’s competitive energy sector.
Himalayan Power Partner CEO
According to the company’s disclosure to the Nepal Stock Exchange (NEPSE), Munna Shakya has been assigned the role of Acting CEO until further permanent arrangements are made. The board’s decision reflects a high level of confidence in Shakya, who has been an integral part of the organization for several years, previously serving as the Technical Manager and Project Chief for the company’s flagship project.
Professional Profile: Who is Munna Shakya?
Munna Shakya is a seasoned professional in the Nepalese hydropower industry with approximately three decades of experience in engineering, project design, and management. His deep technical background has been instrumental in the development of the Dordi Khola Hydropower Project (27 MW), where he previously served as Project Manager.
Before taking on the mantle of Acting CEO, Shakya was recognized for his role in leading the construction and eventual commercial operation of the Dordi Khola facility. His experience spans across the entire project lifecycle—from navigating the initial design and tunneling phases to managing the maintenance of infrastructure damaged by major floods. This technical expertise is considered a vital asset for Himalayan Power Partner as it seeks to stabilize its power evacuation and operational efficiency.
Strategic Priorities for the Acting CEO
The appointment of Shakya comes at a critical time for HPPL. While the Dordi Khola project commenced commercial operations in late 2022, the company has faced specific challenges that the new leadership must address:
Evacuation Under Contingency Plan: Currently, the power generated from the 27 MW project is evacuated under a contingency plan via the Dordi and Kirtipur substations. This makes the company’s revenue dependent on dispatch instructions from the Nepal Electricity Authority (NEA). Shakya’s primary challenge will be coordinating with the NEA to move the project toward a permanent evacuation model to reduce offtake risk.
Financial Stability: The company recently reported a net profit of 63.87 million rupees for the first quarter of the fiscal year 2082/83. While this shows a positive trend compared to previous losses, the Acting CEO will need to maintain strict financial discipline to improve the net margin and interest coverage ratio.
Risk Mitigation: Given the project’s history with flood-related damages, the leadership will prioritize infrastructure resilience and disaster preparedness to safeguard the facility from natural calamities during the upcoming monsoon season.
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Corporate Governance and Investor Confidence
In the capital-intensive energy sector, leadership stability is a key indicator for investors and creditors. Himalayan Power Partner Limited is a public entity with significant investment from the IME Group and NRN Infrastructure and Development Limited. The board’s decision to appoint an internal leader like Shakya provides a sense of continuity that helps maintain investor confidence.
Corporate governance experts note that timely disclosures of such leadership changes are essential for transparency. By appointing an Acting CEO who is already familiar with the technical and administrative nuances of the company’s assets, HPPL avoids the “leadership vacuum” that often occurs during external recruitment processes.
Operational Outlook for Himalayan Power Partner
As Shakya takes the lead, the focus remains on the Dordi Khola Hydropower Project, which has a 30-year Power Purchase Agreement (PPA) with the NEA. The project is designed to generate 142.32 million units of energy annually. During the dry season, the project has demonstrated the ability to generate nearly 100 percent of its contracted energy, which bodes well for the company’s income prospects in the current quarter.
Under the new leadership, the company is expected to continue its focus on:
Maximizing generation during the high-flow wet season.
Ensuring compliance with SEBON and NEPSE reporting standards.
Maintaining healthy stakeholder relations with the local communities in Lamjung district.
Conclusion
The appointment of Munna Shakya as Acting Chief Executive Officer marks an important management update for Himalayan Power Partner Limited. With a career defined by technical excellence and project-level leadership, Shakya is well-positioned to steer the company through its current transition. As the board evaluates long-term leadership plans, the interim stability provided by this appointment ensures that the company remains on track to meet its energy production goals and financial benchmarks for the 2082/83 fiscal year.
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