NEPSE sector
Hydropower companies listed on NEPSE.
Nepal builds electricity, and most of the companies doing it are listed.
Close · 16 October 2026112 companies, 1 delisted or suspended
Hydropower at the close
SOHL−1.12%UPPER0.00%SAHAS+0.16%CHCL+0.21%BPCL+0.85%API+0.58%MEN+0.93%SHPC+1.13%MBJC+2.69%TAMOR+3.21%GVL+1.73%NGPL−0.67%RADHI+0.85%SGHL+0.26%SMHL+1.04%MANDU+3.50%RHPL+0.85%AHPC+1.78%PHCL+1.38%SKHL−0.07%AKPL−0.12%SHEL+0.33%SJCL+1.25%SNORL+0.24%BHL+0.53%UPCL+0.46%RIDI+0.58%RLEL−1.09%UMHL+0.73%VLUCL−0.24%AKJCL−1.37%USHEC+1.04%HPPL+0.50%NHPC−0.42%HDHPC−0.27%SSHL0.00%MEL+0.24%KAHL−2.00%SIKLES+0.69%DORDI+2.28%BJHL+2.94%LEC−1.97%BHCL−0.02%BHDC+1.24%TPKHL−2.68%DHEL−0.20%HURJA0.00%NYADI+1.33%GHL+2.27%SKHEL−0.50%TVCL−2.07%SMJC+1.19%SIPD−2.18%GLH+0.37%SGHC+3.58%SPDL+1.83%RFPL0.00%KPCL+1.09%MSHL−0.41%SANVI−1.79%BUNGAL−0.64%HHL−0.37%RURU+1.66%BARUN+0.15%SMH+3.04%BGWT+4.01%KHPL+0.83%MMKJL+1.15%UHEWA+0.14%PMHPL−0.33%MHNL0.00%PPCL0.00%RHGCL+0.19%YMHL−2.81%MAKAR+0.15%PPL+0.16%MHL+2.97%TPC+0.41%APHL+0.22%NHDL+0.49%UNHPL+1.30%MKHC−0.48%KKHC−1.43%UMRH+1.03%CKHL+14.82%HIMSTAR−0.15%MHCL+0.53%BNHC−0.73%CHL+0.66%MKHL+4.13%MEHL+0.44%EHPL−0.31%MABEL−1.17%SPC+1.32%IHL−2.50%TSHL+0.80%DOLTI−1.48%ULHC−1.42%BEDC−1.02%JOSHI−1.12%SPHL+2.18%MCHL+0.46%KBSH−1.62%AHL+4.33%SPL+8.58%MKJC−1.23%RAWA−0.22%USHL+1.68%BHPL+0.49%DHPL−0.30%
- Companies
- 112
- 39.9% of NEPSE’s listed companies
- Market value
- Rs 78,424 cr
- 17.4% of the exchange
- At the close
- +0.52%
- 66 rose, 38 fell, of 110 traded
- Median yield
- 0.15%
- 20 of 110 paid cash in 12 months
What actually moves these companies
These are power producers: a company builds a run-of-river plant, signs a power purchase agreement with Nepal Electricity Authority, and sells what it generates.
Two things move them and neither is a balance sheet. The monsoon decides how much water runs through the turbines, so earnings swing hard between wet and dry season. Construction milestones do the rest. A plant that reaches commercial operation date is a different company from one still building.
Worth knowing: A hydropower company under construction earns nothing and is priced on a promise. Check whether the plant is generating before you compare its price to a producer that already is.
All 112 are listed: Asian Hydropower Limited (AHL), Arun Valley Hydropower Development Company Limited (AHPC), Ankhu Khola Jalvidhyut Company Limited (AKJCL), Arun Kabeli Power Ltd. (AKPL), Appolo Hydropower Limited (APHL), API POWER COMPANY LIMITED (API), Barun Hydropower Co. Ltd. (BARUN), Bhugol Energy Development Company Ltd (BEDC), and 104 more listed below. That is 39.9% of the 281 companies listed on NEPSE.
The sector at a glance
- Listed securities
- 112
- Instrument mix
- 112 equity
- Regulator
- Nepal Hydropower Board
- Delisted or suspended
- 1
- Largest company
- SOHL
The largest companies
By market value, with each one’s share of the sector.
The year’s best and worst
One-year price return, adjusted for bonus shares. The 6 highest and 6 lowest in the sector.
Every hydropower company
110 companies with a price. Select a heading to sort; each symbol opens its stock page.
| SOHLSolu Hydropower Limited | 617.00 | −1.12% | n/a | none | 6,170 |
|---|---|---|---|---|---|
| UPPERUpper Tamakoshi Hydropower Ltd | 193.00 | 0.00% | +9.7% | none | 4,088 |
| SAHASSahas Urja Limited | 700.00 | +0.16% | +37.8% | 0.16% | 3,202 |
| CHCLChilime Hydropower Company Limited | 336.70 | +0.21% | −24.9% | 1.19% | 3,194 |
| BPCLButwal Power Company Limited | 651.00 | +0.85% | −1.4% | 0.92% | 2,219 |
| APIApi Power Company Ltd. | 345.00 | +0.58% | +34.1% | 0.08% | 2,201 |
| MENMountain Energy Nepal Limited | 671.00 | +0.93% | +34.6% | 0.31% | 2,096 |
| SHPCSanima Mai Hydropower Ltd. | 535.00 | +1.13% | +9.9% | none | 2,000 |
| MBJCMadhya Bhotekoshi Jalavidyut Company Limited | 324.00 | +2.69% | +19.9% | none | 1,944 |
| TAMORSanima Middle Tamor Hydropower Limited | 574.90 | +3.21% | +26.6% | 0.92% | 1,916 |
| GVLGreen Ventures Limited | 548.30 | +1.73% | +16.1% | none | 1,885 |
| NGPLNgadi Group Power Ltd. | 398.00 | −0.67% | +19.1% | 0.06% | 1,544 |
| RADHIRadhi Bidyut Company Ltd | 711.00 | +0.85% | +12.6% | none | 1,308 |
| SGHLSanigad Hydro Limited | 457.20 | +0.26% | n/a | none | 1,303 |
| SMHLSuper Madi Hydropower Limited | 484.00 | +1.04% | −29.0% | 0.16% | 1,289 |
| MANDUMandu Hydropower Limited | 787.00 | +3.50% | +0.3% | 1.52% | 1,181 |
| RHPLRASUWAGADHI HYDROPOWER COMPANY LIMITED | 166.40 | +0.85% | −36.6% | none | 1,139 |
| AHPCArun Valley Hydropower Development Co. Ltd. | 263.60 | +1.78% | +5.4% | 0.16% | 1,118 |
| PHCLPeoples Hydropower Company Limited | 346.50 | +1.38% | −0.2% | none | 1,109 |
| SKHLSuper Khudi Hydropower Limited | 683.00 | −0.07% | n/a | none | 1,059 |
| AKPLArun Kabeli Power Ltd. | 253.50 | −0.12% | +7.9% | none | 988 |
| SHELSingati Hydro Energy Limited | 306.00 | +0.33% | +20.8% | none | 932 |
| SJCLSANJEN JALAVIDHYUT COMPANY LIMITED | 243.00 | +1.25% | −10.2% | none | 887 |
| SNORLSnow Rivers Limited | 822.00 | +0.24% | n/a | 0.06% | 848 |
| BHLBalephi Hydropower Limited | 225.70 | +0.53% | +28.6% | none | 825 |
| UPCLUNIVERSAL POWER COMPANY LTD | 329.50 | +0.46% | −5.6% | none | 819 |
| RIDIRidi Power Company Limited | 344.90 | +0.58% | +58.9% | none | 801 |
| RLELRidge Line Energy Limited | 636.00 | −1.09% | n/a | none | 754 |
| UMHLUnited Modi Hydropower Ltd. | 563.00 | +0.73% | +18.1% | 0.07% | 741 |
| VLUCLVision Lumbini Urja Company Limited | 369.00 | −0.24% | −34.2% | none | 706 |
| AKJCLAnkhu Khola Jalvidhyut Company Ltd | 346.00 | −1.37% | +88.7% | none | 692 |
| USHECUpper Solu Hydro Electric Company Limited | 507.50 | +1.04% | +16.9% | none | 685 |
| HPPLHimalayan Power Partner Ltd. | 405.00 | +0.50% | −12.9% | none | 647 |
| NHPCNational Hydro Power Company Limited | 259.70 | −0.42% | +40.4% | none | 641 |
| HDHPCHimal Dolakha Hydropower Company Limited | 220.50 | −0.27% | +29.8% | none | 617 |
| SSHLShiva Shree Hydropower Ltd | 208.00 | 0.00% | +26.1% | none | 614 |
| MELModi Energy Limited | 209.50 | +0.24% | −22.1% | none | 608 |
| KAHLKalanga Hydro Limited | 426.00 | −2.00% | n/a | none | 596 |
| SIKLESSikles Hydropower Limited | 586.50 | +0.69% | +10.0% | 0.13% | 573 |
| DORDIDordi Khola Jal Bidyut Company Limited | 269.00 | +2.28% | +23.3% | none | 567 |
| BJHLBhujung Hydropower Limited | 561.00 | +2.94% | n/a | none | 561 |
| LECLiberty Energy Company Limited | 239.00 | −1.97% | +24.5% | none | 538 |
| BHCLBikash Hydropower Company Limited | 525.00 | −0.02% | +44.4% | 0.10% | 525 |
| BHDCBindhyabasini Hydropower Development Company Limited | 442.00 | +1.24% | −19.1% | none | 524 |
| TPKHLTaksar Pikhuwa Khola Hydropower Limited | 435.00 | −2.68% | n/a | none | 522 |
| DHELDaramkhola Hydro Energy Limited | 507.00 | −0.20% | n/a | none | 522 |
| HURJAHimalaya Urja Bikas Company Limited | 261.00 | 0.00% | +26.7% | none | 517 |
| NYADINyadi Hydropower Limited | 342.50 | +1.33% | −5.7% | none | 514 |
| GHLGhalemdi Hydro Limited | 310.90 | +2.27% | +54.8% | none | 513 |
| SKHELSuryakunda Hydro Electric Limited | 738.90 | −0.50% | n/a | none | 510 |
| TVCLTrishuli Jal Vidhyut Company Limited | 274.00 | −2.07% | −32.4% | none | 508 |
| SMJCSagarmatha Jalabidhyut Company Limited | 423.90 | +1.19% | −13.3% | none | 497 |
| SIPDShikhar power Development Limited | 498.90 | −2.18% | n/a | none | 489 |
| GLHGreenLife Hydropower Limited | 269.00 | +0.37% | +10.3% | none | 484 |
| SGHCSwet-Ganga Hydropower & Construction Limited | 304.00 | +3.58% | +1.4% | none | 484 |
| SPDLSynergy Power Development Ltd. | 351.30 | +1.83% | −4.3% | none | 468 |
| RFPLRiver Falls Power Limited | 333.00 | 0.00% | +6.4% | none | 466 |
| KPCLKalika power Company Ltd | 465.00 | +1.09% | −13.5% | none | 465 |
| MSHLMid Solu Hydropower Limited | 538.80 | −0.41% | −31.8% | 0.15% | 464 |
| SANVISanvi Energy Limited | 487.00 | −1.79% | −13.5% | none | 429 |
| BUNGALBungal Hydro Limited | 465.00 | −0.64% | n/a | none | 386 |
| HHLHimalayan Hydropower Limited | 351.10 | −0.37% | +11.5% | none | 384 |
| RURURu Ru Jalbidhyut Pariyojana Limited | 614.00 | +1.66% | −2.1% | 0.94% | 383 |
| BARUNBarun Hydropower Co. Ltd. | 332.50 | +0.15% | +13.8% | 0.15% | 373 |
| SMHSuper Mai Hydropower Limited | 549.20 | +3.04% | −33.4% | none | 353 |
| BGWTBhagawati Hydropower Development Company Limited | 519.00 | +4.01% | −33.4% | none | 352 |
| KHPLKalinchock Hydropower Limited | 631.90 | +0.83% | n/a | none | 348 |
| MMKJLMathillo Mailun Khola Jalvidhyut Limited | 344.00 | +1.15% | −42.1% | none | 344 |
| UHEWAUpper Hewakhola Hydropower Company Limited | 588.80 | +0.14% | +27.3% | 0.13% | 339 |
| PMHPLPanchakanya Mai Hydropower Ltd | 303.00 | −0.33% | −2.3% | none | 333 |
| MHNLMountain Hydro Nepal Limited | 255.00 | 0.00% | +6.7% | none | 319 |
| PPCLPanchthar Power Compant Limited | 330.00 | 0.00% | +14.2% | none | 318 |
| RHGCLRapti Hydro And General Construction Limited | 258.50 | +0.19% | +13.9% | none | 317 |
| YMHLYambaling Hydropower Limited | 449.00 | −2.81% | n/a | none | 314 |
| MAKARMakar Jitumaya Suri Hydropower Limited | 410.50 | +0.15% | −24.0% | none | 312 |
| PPLPeople's Power Limited | 318.50 | +0.16% | +14.2% | none | 302 |
| MHLMandakini Hydropower Limited | 464.00 | +2.97% | +2.6% | none | 300 |
| TPCTerhathum Power Company Limited | 363.50 | +0.41% | +29.4% | none | 291 |
| APHLAppolo Hydropower Limited | 588.50 | +0.22% | n/a | none | 277 |
| NHDLNepal Hydro Developers Ltd. | 640.10 | +0.49% | +9.7% | 0.07% | 271 |
| UNHPLUnion Hydropower Limited | 358.50 | +1.30% | −24.1% | none | 269 |
| MKHCMaya Khola Hydropower Company Limited | 250.70 | −0.48% | −27.1% | none | 251 |
| KKHCKhanikhola Hydropower Co. Ltd. | 268.00 | −1.43% | +21.3% | none | 250 |
| UMRHUnited IDI Mardi RB Hydropower Limited. | 512.00 | +1.03% | +0.0% | 0.05% | 248 |
| CKHLChirkhwa Hydropower Limited | 581.00 | +14.82% | +1.6% | none | 232 |
| HIMSTARHim Star Urja Company Limited | 615.00 | −0.15% | +2.2% | none | 229 |
| MHCLMolung Hydropower Company Limited | 283.00 | +0.53% | −25.3% | none | 227 |
| BNHCBuddha Bhumi Nepal Hydropower Company Limited | 273.00 | −0.73% | −32.3% | none | 218 |
| CHLChhyangdi Hydropower Ltd. | 260.70 | +0.66% | +14.4% | none | 202 |
| MKHLMai Khola Hydropower Limited | 514.40 | +4.13% | −23.7% | none | 202 |
| MEHLManakamana Engineering Hydropower Limited | 248.90 | +0.44% | −35.0% | none | 199 |
| EHPLEastern Hydropower Limited | 317.00 | −0.31% | −30.6% | none | 197 |
| MABELMabilung Energy Limited | 500.00 | −1.17% | n/a | none | 193 |
| SPCSamling Power Company Limited | 385.00 | +1.32% | −13.3% | none | 193 |
| IHLIngwa Hydropower Limited | 312.00 | −2.50% | −39.4% | none | 187 |
| TSHLThree Star Hydropower Limited | 341.70 | +0.80% | −48.5% | none | 168 |
| DOLTIDolti Power Company Limited | 305.40 | −1.48% | −38.7% | none | 164 |
| ULHCUpper Lohore Khola Hydropower Company Limited | 313.50 | −1.42% | −26.6% | none | 160 |
| BEDCBhugol Energy Development Company Limited | 292.50 | −1.02% | −44.5% | none | 159 |
| JOSHIJoshi Hydropower Development Company Ltd | 257.10 | −1.12% | −9.8% | none | 158 |
| SPHLSayapatri Hydropower Limited | 509.80 | +2.18% | +2.6% | none | 153 |
| MCHLMenchhiyam Hydropower Limited | 260.00 | +0.46% | −46.4% | none | 141 |
| KBSHKutheli Bukhari Small Hydropower Limited | 900.20 | −1.62% | −43.4% | none | 133 |
| AHLAsian Hydropower Limited | 377.90 | +4.33% | −38.5% | none | 128 |
| SPLShuvam Power Limited | 620.00 | +8.58% | −33.0% | none | 124 |
| MKJCMailung Khola Jal Vidhyut Company Limited | 305.60 | −1.23% | −44.4% | none | 115 |
| RAWARawa Energy Development Limited | 408.00 | −0.22% | −42.5% | none | 114 |
| USHLUpper Syange Hydropower Limited | 514.50 | +1.68% | −23.6% | none | 113 |
| BHPLBarahi Hydropower Public Limited | 414.00 | +0.49% | −37.0% | none | 104 |
| DHPLDibyashwori Hydropower Ltd. | 269.10 | −0.30% | −5.6% | none | 71 |
No longer trading
Suspended or delisted. Most Nepali delistings are mergers: shareholders were issued shares in the listed survivor.
- RRHP Delisted
The rest of the market
A sector is only worth reading against the others.
About hydropower companies on NEPSE
- How many hydropower companies are listed on NEPSE?
- 112 hydropower companies are listed and trading on the Nepal Stock Exchange. That count is from the exchange's registry as of 19 October 2026.
- Which is the largest hydropower company on NEPSE?
- By market value at the 16 October 2026 close, Solu Hydropower Limited (SOHL) at Rs 6,170 cr, 7.9% of the sector's Rs 78,424 cr. Over the last year the best price return in the sector was AKJCL, +88.7% (adjusted for bonus shares).
- What moves hydropower share prices in Nepal?
- Two things move them and neither is a balance sheet. The monsoon decides how much water runs through the turbines, so earnings swing hard between wet and dry season. Construction milestones do the rest. A plant that reaches commercial operation date is a different company from one still building. A hydropower company under construction earns nothing and is priced on a promise. Check whether the plant is generating before you compare its price to a producer that already is.
- Which hydropower companies have been delisted from NEPSE?
- 1 symbol in this sector is no longer trading: RRHP. Most Nepali delistings are mergers rather than failures: the company was absorbed into another listed institution and its shareholders were issued shares in the survivor.
Also: the heat map, the screener and the full registry.
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