NEPSE sector
Hydropower companies
listed on NEPSE.
Nepal builds electricity, and most of the companies doing it are listed.
111 companies, 1 delisted or suspended. As of 27 August 2026.
The sector
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.
Before you buy: 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 111 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 103 more listed below. That is 39.6% of the 280 companies listed on NEPSE.
- Listed securities
- 111
- Instrument mix
- 111 equity
- Regulator
- Nepal Hydropower Board
- Delisted or suspended
- 1
Listed
Every hydropower security on the exchange.
Listed first, then anything suspended or delisted. A row links through when that symbol has a page of its own.
- AHLAsian Hydropower LimitedListed
- AHPCArun Valley Hydropower Development Company LimitedListed
- AKJCLAnkhu Khola Jalvidhyut Company LimitedListedView page
- AKPLArun Kabeli Power Ltd.Listed
- APHLAppolo Hydropower LimitedListed
- APIAPI POWER COMPANY LIMITEDListedView page
- BARUNBarun Hydropower Co. Ltd.Listed
- BEDCBhugol Energy Development Company LtdListed
- BGWTBhagawati Hyropower Development Company Ltd.Listed
- BHCLBikash Hydropower Company LtdListedView page
- BHDCBindhyabasini Hydropower Development Company LimitedListed
- BHLBalephi Hydropower LimitedListed
- BHPLBarahi Hydropower Public LimitedListed
- BJHLBhujung Hydropower LimitedListed
- BNHCBuddha bhumi nepal hydro power company limitedListed
- BPCLButwal Power Company LimitedListed
- BUNGALBungal Hydro LimitedListedView page
- CHCLChilime Hydropower Company LimitedListed
- CHLChhyangdi Hydropower Ltd.Listed
- CKHLChirkhwa Hydropower LimitedListed
- DHELDaramkhola hydro Energy Ltd.Listed
- DHPLDibyashwori Hydropower Ltd.Listed
- DOLTIDolti Power Company Ltd.Listed
- DORDIDordi Khola Jal Bidyut Company limitedListed
- EHPLEastern Hydropower LimitedListed
- GHLGhalemdi Hydro LimitedListed
- GLHGreenlife Hydropower LimitedListed
- GVLGreen Ventures LimitedListed
- HDHPCHimal Dolakha Hydropower Com. Ltd.ListedView page
- HHLHimalayan Hydropower LimitedListed
- HIMSTARHimstar Urja Company Ltd.Listed
- HPPLHimalayan Power Partner Ltd.ListedView page
- HURJAHimalaya Urja Bikas Company LimitedListed
- IHLIngwa Hydropower LimitedListed
- JOSHIJoshi Hydropower Development Company LtdListed
- KAHLKalanga Hydro LimitedListed
- KBSHKutheli Bukhari Small Hydropower LtdListed
- KHPLKalinchock Hydropower LimitedListed
- KKHCKhanikhola Hydropower Co. Ltd.ListedView page
- KPCLKalika power Company LtdListed
- LECLiberty Energy Company LimitedListedView page
- MABELMabilung Energy LimitedListed
- MAKARMakar Jitumaya Suri Hydropower LtdListed
- MANDUMandu Hydropower LimitedListed
- MBJCMadhya Bhotekoshi Jalavidyut Company LimitedListed
- MCHLMenchhiyam Hydro Power LtdListed
- MEHLManakamana Engineering Hydropower LimitedListed
- MELModi Energy LimitedListed
- MENMountain Energy Nepal LimitedListedView page
- MEPDLMount Everest Power Development LimitedListed
- MHCLMolung Hydropower Company LimitedListed
- MHLMandakini Hydropower LimitedListed
- MHNLMountain Hydro Nepal LimitedListed
- MKHCMaya Khola Hydropower Company LimitedListed
- MKHLMaiKhola Hydropower LimitedListed
- MKJCMailung Khola Jal Vidhyut Company LimitedListed
- MMKJLMathillo Mailun Khola Jalvidhyut Ltd.Listed
- MSHLMid solu Hydropower LimitedListed
- NGPLNgadi Group Power Ltd.ListedView page
- NHDLNepal Hydro Developers LtdListed
- NHPCNational Hydro Power Company LimitedListedView page
- NYADINyadi hydropower limitedListed
- PHCLPeoples Hydropower Company LimitedListedView page
- PMHPLPanchakanya Mai Hydropower LtdListed
- PPCLPanchthar Power Company LtdListed
- PPLPeoples Power LimitedListed
- RADHIRadhi Bidyut Company LtdListedView page
- RAWARawa Energy Development Ltd.Listed
- RFPLRiver Falls power LimitedListed
- RHGCLRapti Hydro and General Construction LimitedListed
- RHPLRasuwagadhi Hydropower Company LimitedListed
- RIDIRidi Power Company LimitedListedView page
- RLELRIDGE LINE ENERGY LIMITEDListed
- RURURu Ru Jalbidhyut Pariyojana Ltd.Listed
- SAHASSahas Urja LimitedListedView page
- SANVISanvi Energy LimitedListed
- SGHCSwet-Ganga Hydropower and Construction LimitedListed
- SGHLSanigad Hydro LimitedListed
- SHELSingati Hydro Energy LtdListedView page
- SHPCSanima Mai Hydropower LimitedListed
- SIKLESSikles Hydropower LimitedListed
- SIPDShikhar Power Development Ltd.Listed
- SJCLSANJEN JALAVIDHYUT COMPANY LTDListed
- SKHELSuryakunda Hydro Electric LimitedListed
- SKHLSuper Khudi Hydropower Ltd.Listed
- SMHSupermai Hydropower LimitedListed
- SMHLSuper Madi Hydropower LimitedListed
- SMJCSagarmatha Jalabidhyut Company LimitedListed
- SNORLSnow Rivers LimitedListed
- SOHLSolu Hydropower LimitedListedView page
- SPCSamling power company limitedListed
- SPDLSynergy Power Development Ltd.Listed
- SPHLSayapatri Hydropower LimitedListed
- SPLSHUVAM POWER LIMITEDListed
- SSHLShiva Shree Hydropower LimitedListedView page
- TAMORSanima Middle Tamor Hydropower LimitedListed
- TPCTerhathum Power Company LimitedListed
- TPKHLTaksar Pikhuwa Khola Hydropower Ltd.Listed
- TSHLThree Star Hydropower LtdListed
- TVCLTrishuli Jal Vidhyut Company LimitedListed
- UHEWAUpper Hewakhola Hydropower company LimitedListedView page
- ULHCUpper Lohore Khola Hydropower Company LimitedListed
- UMHLUnited Modi Hydropower Ltd.ListedView page
- UMRHUnited Idi Mardi & RB Hydropower LtdListed
- UNHPLUnion Hydropower LimitedListed
- UPCLUniversal Power Company LimitedListed
- UPPERUpper Tamakoshi Hydropower LtdListed
- USHECUpper solu Electric company LimitedListed
- USHLUpper Syange Hydropower LimitedListed
- VLUCLVision Lumbini Urja Company LimitedListed
- YMHLYambaling Hydropower Ltd.Listed
- RRHPRairang Hydropower Development Company Ltd.Delisted
Elsewhere
The rest of the market.
A sector is only worth reading against the others. These are the next four by size.
Common questions
About hydropower companies on NEPSE.
111 hydropower companies are listed and trading on the Nepal Stock Exchange. That count is from the exchange's registry as of 27 August 2026.
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.
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.
Punji carries live prices, the day's floorsheet and your own portfolio in one place.