Hydroelectricity Investment And Development Company Limited
Homepage http://www.hidcl.org.np
LinkedIn Profile https://linkedin.com/company/hydroelect***nd-development-co***
HQ Location
Nepal , Central Development Region, KathmanduKamalpokhari Road, Kathmandu 44600, Nepal
Off late, Government of Nepal has realized the dire situation of power sector in Nepal and importance of Government involvement for the development of the Hydropower in Nepal. To address the burgeoning situation of energy problem and solve the urgent need of energy crisis and the understanding the importance of a special wing with huge financial might, professional expertise, single point agenda that could implement the hydropower development programs of the government, Government of Nepal on 6 July 2011 decided to set up a special purpose vehicle (SPV) in the form of Jalvidhyut Lagani Tatha Bikas Company Limited or Hydroelectricity Investment and Development Company Limited (HIDCL).
HIDCL, a public investment company with 50 Billion authorized capital, 10 Billion Issued Capital and 8 Billion Paid up Capital, started its operations from 11 July 2011 at the Kathmandu District Development Committee premises at Babbarmahal in Kathmandu and continues to operate from the same facility.
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