Maya Khola Hydropower Company Limited

Maya Khola Hydropower Company Limited is a Nepalese hydropower firm, originally incorporated as a private limited company on 28 May 2010 (14 Jestha 2067 B.S.).In order to allow public shareholding and broader funding, it was converted into a public limited company on 12 May 2016 (20 Mangshir 2073 B.S.) under registration No. 159553/073/74. The company’s principal business is the development and operation of hydropower projects. Its flagship project is the Maya Khola Hydropower Project — a run-of-river hydroelectric plant located in the Sankhuwasabha District of eastern Nepal.Initially designed as a modest 5 MW project, after detailed hydrological reassessments (accounting for exceedance factors), the project’s capacity was revised upward to 14.9 MW.Under its generation license issued by Nepal’s Ministry of Energy (on 12 June 2014), which grants 35-year operating rights, MKHC is committed to delivering clean, renewable energy to the national grid. The company draws water from the Maya River, channels it through intake and headworks, and, using a run-of-river design, generates electricity which it supplies to the grid contributing to Nepal’s growing hydropower capacity and clean-energy mix. From a capital-market and investor standpoint, MKHC is listed on the Nepal Stock Exchange (NEPSE) under the ticker symbol “MKHC.” As of recent publicly available data, the company has 10,000,000 outstanding shares, a paid-up capital of NPR 1,000,000,000 (face value NPR 100), and a market capitalization in the order of NPR ~3.67 billion.Over the past year, share-price performance has been volatile: the 52-week high touched around NPR 627, while the low dipped to ~NPR 334. However, like many hydropower companies dependent on seasonal flows, MKHC faces operational risks linked to hydrology rainfall, river discharge, and seasonal variability which can influence generation output and revenue. Reflecting some of these risks, in its 4th quarter report for fiscal year 2081/82 B.S., MKHC announced a net loss of NPR 63.58 million.