3rd November 2025, Kathmandu
Tehrathum Power Company Limited (TPCL), an emerging force in Nepal’s crucial hydropower sector, is undergoing a leadership transition with the formal resignation of its Managing Director, Mohan Kumar Dangi.
Tehrathum Power MD Resignation
The company’s Board of Directors officially approved his departure during a meeting held on the morning of 17 Kartik 2082 (Monday) at 8:15 AM, at the company’s office in Battisputali, Kathmandu. This change signals a new phase for both the company and Mr. Dangi, a prominent figure in Nepal’s energy industry.
Mohan Kumar Dangi’s Significant Industry Role
Mr. Dangi’s tenure as Managing Director was marked by his active involvement in Tehrathum Power’s growth, particularly its efforts to bring the Upper Khorunga Khola Small Hydropower Project (7.5 MW) to fruition, which forms the centerpiece of the company’s operations.
The Hydropower Veteran
Mr. Dangi is more than just a company director; he is a well-known personality within the broader Nepali energy sector. His professional profile includes:
Promoter Shareholder: He is one of the significant promoter shareholders of Tehrathum Power Company, holding an approximate 8% stake in the company before its Initial Public Offering (IPO).
Sector Leadership: Crucially, Mr. Dangi holds a high-level position as the Senior Vice President of the Independent Power Producers’ Association, Nepal (IPPAN). This is a highly influential body representing the collective interests of private energy developers in the country. This senior role within IPPAN suggests that his professional focus is likely shifting toward sector-wide advocacy and larger-scale project development, which often entails more extensive travel and engagement at the policy level.
Diverse Project Involvement: He has been associated with other significant ventures, including serving as the Chairman of the Board of Directors for Lalupate Hydropower Company Private Limited, which is undertaking the construction of a large-scale 49.95 MW project. His resignation from Tehrathum Power’s day-to-day management may be directly linked to the need to dedicate more time to these broader and larger sector responsibilities.
His departure from the Managing Director role at TPCL likely reflects a move to concentrate his efforts on his senior IPPAN role and his involvement in larger, under-construction projects, where his expertise in project execution and financial closure is in high demand.
Implications for Tehrathum Power Company
For Tehrathum Power Company, the resignation of a Managing Director, especially one with strong ties to the founding team and the broader energy community, initiates a process of leadership succession.
Management Continuity and Succession
The immediate priority for the Board of Directors, which includes other major shareholders such as Bhupati Lal Shrestha and Ganesh Prasad Kattel, will be to ensure management continuity. The board must now either appoint an Acting Managing Director from within the senior management team or swiftly begin the search for a new, permanent CEO or MD. The bank will seek a successor who can:
- Maintain the operational stability of the existing 7.5 MW plant.
- Manage the company’s financial obligations and optimize its public share price and market perception.
Execute any future strategic plans, such as the issuance of rights shares, which the company has previously planned with Nabil Investment Banking.
The market generally values continuity in the hydropower sector, which relies on long-term Power Purchase Agreements (PPAs) and stable management to mitigate geological and operational risks. The impact of an MD change on a company’s perceived business risk can be significant, particularly if the replacement process is protracted or leads to a major shift in strategic direction.
Financial and Market Stability
Tehrathum Power Company, having recently completed its IPO and having its shares actively traded on NEPSE, operates under constant investor scrutiny. While Mr. Dangi remains a key promoter shareholder and a major figure in the industry, his resignation from the executive position requires the company to clearly communicate its future management structure. This transparency is crucial for maintaining investor confidence and ensuring market stability for the company’s stock.
The Board’s swift approval of the resignation, less than 24 hours after the event according to the source date, suggests a coordinated effort to manage the transition smoothly and prevent any prolonged uncertainty in the market. The next official announcement regarding the appointment of a new Managing Director will be keenly awaited by shareholders and the wider capital market.
For More: Tehrathum Power MD Resignation