Mountain Energy Nepal Limited

Mountain Energy Nepal Limited (NEPSE: MEN) is a hydropower development company that develops, operates, and manages hydroelectric projects in Nepal. The company operates the 5 MW Tadi Khola Hydroelectric Project in Nuwakot district, Bagmati Province, a run-of-river scheme that commenced commercial operation in March 2013 and generates approximately 32.48 GWh annually. It also operates the 42 MW Mistri Khola Hydroelectric Project in Myagdi district, Gandaki Province, comprising three 14 MW Pelton turbine units, which started commercial operation in June 2021 and generates approximately 239 GWh annually. Both operational projects have power purchase agreements with Nepal Electricity Authority. The company is developing the 12 MW Mistri Khola 2 Hydroelectric Project as a cascade project on the same river system. The company was incorporated in 2007 and converted to public limited status in 2014, and is headquartered in Kathmandu, Nepal.

Key Facts

Tadi Khola Project

5 MW, Nuwakot district, COD March 2013, 32.48 GWh annual generation

Mistri Khola Project

42 MW (3×14 MW), Mistri Khola river (tributary of Kaligandaki), Myagdi district, COD June 2021, 239 GWh annual generation

Mistri Khola 2 Project

12 MW, cascade project on Mistri Khola, under construction, PPA pending with NEA

Power Purchase Agreements

Mistri Khola (42 MW) has PPA with Nepal Electricity Authority signed 2067 Magh 20 (amended 2075 Baishak 26)

Total Installed Capacity

47 MW operational (5 MW + 42 MW), 12 MW under construction

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