Upper Solu Hydro Electric Company Limited

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Upper Solu Hydro Electric Company Limited (NEPSE: USHEC) is a hydroelectric power generation company in Nepal that develops and operates run-of-river hydropower projects to supply electricity to the national grid. The company's primary asset is the Solu Hydroelectric Project, a 23.5 MW run-of-river facility located on the Solu River in Solukhumbu District. Commercial operations began on March 23, 2020. The facility operates two 11.75 MW vertical Francis turbines and uses a Q40 design (40% flow exceedance probability). Power is sold to the Nepal Electricity Authority under a 30-year power purchase agreement signed in November 2013. The tariff structure provides NPR 4.8 per kWh during wet season (mid-April to mid-December) and NPR 8.4 per kWh during dry season. The project was developed at a total cost of approximately NPR 5,000 million. The company was incorporated on May 28, 2010, and transitioned to public company status on April 14, 2016, before listing on Nepal Stock Exchange on August 16, 2022. USHEC is headquartered in Hattisar, Kathmandu, Nepal.

Key Facts

Installed Capacity & Location

23.5 MW, Solu River, Solukhumbu District

Commercial Operation Date

March 23, 2020

Power Purchase Agreement

30-year PPA with Nepal Electricity Authority, signed November 10, 2013

Turbine & Design Specifications

Two 11.75 MW vertical Francis turbines, Q40 run-of-river design (40% flow exceedance)

Seasonal Tariff Structure

NPR 4.8/kWh (wet: mid-April to mid-December), NPR 8.4/kWh (dry), 3% annual escalation for 5 years