/   Sunday 19th November 2017
   

Chairman Message

Bestowed with 2.27% of the world water resources, 818,500 Ha of total water surface area, about 6,000 rivers including rivulets and tributaries totaling about 45,000 KM in length, Nepal is the second richest country in inland water resources.                               

The perennial nature of rivers and the steep gradient of the country's topography provide ideal conditions for the development of hydropower in Nepal. Theoretical hydropower potential of the country in terms of electrical energy is 727,000 GWh and 145,900 GWh per year respectively based on average and 95% exceedance flow. In terms of megawatts, the potential is estimated at 83,000 MW, of which half i.e. 40,000 MW is considered to be technically and economically viable. However, Nepal till date has been able to develop only around an approximate magnitude of 980 MW of hydropower.

Despite liberalization of the state policies allowing private investors to build and operate hydropower projects in Nepal, and a high demand for power in the country, significant developments  in this sector have not yet happened. Investment in this sector is highly awaited. At the very outset, with major objective to mobilize the knowledge, skills, capital and other resources in the socio-economic development of Nepal in co-operation with the government, “NRN Infrastructure and Development Limited. was registered in Kathmandu under the Company Act 2063,” in Nepal (September, 2012) with the main motive of collective investment for a swift and smooth inflow of capital investment in prioritized sectors in Nepal.

Primarily,  the idea of collective investment was adopted to attract the investment of low income group namely the people in foreign employment. Furthermore such an initiative would give them a sense of ownership in the project and a feeling of pride in knowing that they are contributing to the nation's development. Thus came the concept of investment aimed at mobilizing the remittance resources to more productive sectors, thereby ultimately contributing in the overall development of the nation. Undeniably,  prosperous Nepal is a dream of every NRN, rich or poor.

As a kick start of investment  with full support and trustworthy participation from shareholders around the globe, Share Purchase Agreement (SPA) was made between NRN Infrastructure and Development Limited (NRNIL) and Himalayan Power Partner Limited (HPPL) in the ratio of 51:49 on 24 March, 2013 to develop 27 MW Dordi Khola Hydropower Project in Lamjung and the project is in full phase of development at present.

I would like to thank all our investors from around the globe who trusted in us. I also thank the NRNIL staffs, HPPL Staffs, NEA, Department of Electricity Development (DoED) and all other well wishers, without whom we would not have reached this stage.  I also look forward to receiving your continuous support as we are committed to the development of the nation through collective investment and hope to grow together in the noble mission of lighting and energizing our region for a better tomorrow.

Thanking you
Jiba Nath Lamichhane
Executive Chairman

NRN Infrastructure and Development Limited
Panipokhari, Kathmandu, Nepal
P.O.Box : 8732
Tel : (977-1) 4002638
Fax : (977-1) 4002639
E-mail: nrninvestmentltd@gmail.com

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