Three Star Hydropower Limited

Three Star Hydropower Limited (NEPSE: TSHL) is a public hydropower company operating in Nepal's renewable energy sector. The company operates the 6.6 MW Sapsup Khola Small Hydroelectric Project, a run-of-river hydropower scheme located on the Sapsup Khola river in Khotang district, Koshi Province. The facility is equipped with two Francis turbines and generates approximately 41.8 million kWh annually. The project supplies electricity to Nepal's national grid through a 33 kV transmission line connection to the Lahan-Buipa system. Three Star Hydropower Limited has entered into a 30-year power purchase agreement with the Nepal Electricity Authority (NEA) under a take-or-pay modality, which guarantees offtake at predetermined tariffs with annual escalations. The project commenced commercial operation on January 7, 2022. The company was incorporated in November 2015 and was listed on the Nepal Stock Exchange on August 10, 2023, with a total paid-up capital of NPR 49.25 crore represented by 4.925 million shares. The company is headquartered in Kathmandu, Nepal.

Key Facts

Installed capacity

6.6 MW (design: 7.151 MW)

River and location

Sapsup Khola, Khotang district, Koshi Province

Commercial operation date

January 7, 2022

Annual generation

~41.8 million kWh

Power purchase agreement

30-year PPA with NEA (take-or-pay modality)

Turbine configuration

2 units Francis turbines

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