Makar Jitumaya Suri Hydropower Limited

Makar Jitumaya Suri Hydropower Limited (NEPSE: MAKAR) operates hydropower generation in Nepal. The company was formed from the merger of Makar Jitumaya Hydropower Private Limited and Suri Khola Hydropower Limited on July 15, 2021. It owns and operates two run-of-river hydropower projects on the Suri River in Dolakha District: the 6.4 MW Suri Khola Hydropower Project and the 7 MW Upper Suri Khola Hydropower Project. The company's combined installed capacity is 13.4 MW, generating approximately 78.9 GWh annually. The Suri Khola project began commercial operations on May 1, 2022, while the Upper Suri Khola project commenced operations on December 7, 2023. Both projects operate under 30-year power purchase agreements with Nepal Electricity Authority (NEA). The company is committed to local employment, with 88% of its workforce comprising youth from the project areas. Makar Jitumaya Suri Hydropower Limited is headquartered in Kathmandu, Nepal.

Key Facts

Installed Capacity

13.4 MW (Suri Khola 6.4 MW + Upper Suri Khola 7 MW)

Suri Khola Hydropower Project - COD

May 01, 2022

Upper Suri Khola Hydropower Project - COD

December 07, 2023

Project Location

Suri River, Gaurishankar Rural Municipality, Dolakha District

Annual Energy Generation

78.9 GWh

Power Purchase Agreement

30-year PPAs with NEA signed June 3, 2015 (SKHP) and July 26, 2018 (USKHP)

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