NIBL Equity Partners Invests Rs 150 Million in Upper Junbesi Khola Hydropower Project
Fri, Apr 10, 2026 10:22 AM on Latest, Mutual Fund, Corporate,
NIBL Equity Partners (NIBLEP), a Specialized Investment Fund registered with the Securities Board of Nepal and managed by NIMB Ace Capital Ltd., has invested Rs 150 million in Gurkha Himalayan Hydro Limited to develop the 5.875 MW Upper Junbesi Khola Hydropower Project in Solukhumbu. The agreement was signed on March 19, 2026.
The run-of-river project is expected to generate 35.43 GWh of electricity annually, with a Power Purchase Agreement already in place with the Nepal Electricity Authority. Around 75% of construction has been completed, with operations targeted to begin by August 2027.
Officials from both companies stated that the investment will accelerate project completion, strengthen clean energy production, and contribute to Nepal’s long-term energy security and sustainable development goals.
