Mathillo Mailun Khola Jalvidhyut Limited

About

Mathillo Mailun Khola Jalvidhyut Limited is a hydropower company in Nepal, incorporated on 30 Shrawan 2069 B.S. (14 August 2012) under the Company Act of Nepal. The company’s primary project is the 14.3 MW “Mathillo Mailung Khola Jalvidhyut Aayojana”, which is a run-of-the-river (RoR) hydroelectric project located in Rasuwa district. In addition to the main 14.3 MW project, MMKJL is also developing or has secured licenses for additional hydropower projects: a 17 MW “Mathillo Mailung B” Jalvidhyut project, and a 13 MW “Madhya Mailung Khola” Jalvidhyut project. The 14.3 MW plant reportedly began commercial operations around 28 Magh 2080 B.S. (around early 2024 AD) after the construction and installation phases. Financially, MMKJL is listed on the Nepal Stock Exchange (NEPSE) under the ticker MMKJL. As per recent data, the company has 10,000,000 outstanding shares, and a paid-up capital of NPR 1,000,000,000 (face value NPR 100 per share). The company has undergone phases of financing and construction debt: for the main project, debt-to-equity ratio was arranged ~ 75:25 (meaning majority debt) as per a rating report — the project cost was estimated ~ NPR 2,500 million. The power generation license’s operations-time period is defined under the PPA / generation license until 2107/11/26 B.S. MMKJL’s business model: develop hydropower infrastructure (RoR hydro plants), generate electricity, and sell power likely under a Power Purchase Agreement (PPA) thereby contributing to Nepal’s renewable energy capacity and offering investors exposure to hydropower returns. Their additional projects under development suggest a growth-oriented plan.In recent reported results (Q1 2081/82 B.S.), MMKJL achieved a net profit of NPR 4.39 crores, a significant improvement compared to a loss in the same quarter prior year. This was driven by revenue from power sales.