17th April 2025, Kathmandu
Hitendra Dev Shakya, the Executive Director of the Nepal Electricity Authority (NEA), has been appointed as the new Chairman of Upper Tamakoshi Hydropower Limited (UTHL).
Upper Tamakoshi Chairman Appointment
The company’s board made this unanimous decision during its 296th meeting on Chaitra 29, 2081 BS (April 11, 2025).
NEA Nominates Shakya to Upper Tamakoshi Board
The Nepal Electricity Authority nominated Shakya to represent the institution in Upper Tamakoshi. NEA’s internal letter, referenced as NEA P.S. 2081–082 K.K.P.S.A. Ch. No. 675, dated Chaitra 21, formally assigned him this role.
Following this, Upper Tamakoshi welcomed Shakya as a board member. The same board meeting also selected him as the Chairman through a unanimous decision. This development reinforces NEA’s leadership presence in one of Nepal’s largest hydropower projects.
Strategic Role of the New Chairman
As Chairman, Shakya will now lead key decisions at Upper Tamakoshi. He brings extensive experience in power generation, project execution, and energy policy. His leadership is expected to guide the company through its next phase of development.
Shakya has long been active in Nepal’s power sector. He is known for advancing reforms and supporting large-scale infrastructure projects. Industry observers expect his appointment to boost coordination between Upper Tamakoshi and NEA.
Upper Tamakoshi’s National Significance
Upper Tamakoshi Hydropower is a flagship project in Nepal’s energy sector. With a capacity of 456 MW, it is the largest domestically funded hydroelectric project in the country. It aims to ensure national energy security and reduce imports of electricity from neighboring countries.
The project also helps stabilize the power supply during peak demand. It supports Nepal’s goals for renewable energy and self-reliance. NEA holds a major share in the company and continues to lead its governance.
Formal Communication Details
According to the official letter issued by NEA:
“Mr. Hitendra Dev Shakya, Executive Director of NEA, has been nominated as NEA’s representative to the Board of Upper Tamakoshi Hydropower Limited. The 296th board meeting held on 11 April, unanimously elected Mr. Shakya as Chairman.”
This confirmation marks the beginning of Shakya’s official duties as both a director and Chairman of the company.
What Lies Ahead
With Shakya now in charge, stakeholders expect improvements in project management, financial performance, and operational efficiency. He is likely to prioritize faster decision-making, stakeholder coordination, and long-term sustainability.
Moreover, Upper Tamakoshi will continue to play a vital role in Nepal’s energy future. As demand for electricity rises, efficient management of large hydropower projects remains crucial. Shakya’s appointment signals a step forward in achieving these goals.
Conclusion
Hitendra Dev Shakya’s appointment as Chairman of Upper Tamakoshi Hydropower adds experienced leadership to a critical national project. His guidance will be key as the company moves into a new phase of growth and development.
For more: Upper Tamakoshi Chairman Appointment