Sayapatri Hydropower Limited

Sayapatri Hydropower Limited is a Nepali independent power producer that develops, owns, and operates run-of-river hydroelectric projects to harness Nepal’s water-resources potential. Its flagship and currently operational project is the 2.5 MW Daram Khola ‘A’ Hydroelectric Project, located in Baglung District. This plant began commercial generation on 26 June 2016 (Jestha 12, 2073 B.S.), under a build-own-operate-transfer (BOOT) scheme.SPHL went public on the Nepal Stock Exchange (NEPSE) on 13 October 2022, under the ticker symbol “SPHL.” As of recent listings, it has 3,000,000 issued shares.The company’s paid-up capital stands at NPR 300,000,000.According to most recent public data (2025), SPHL’s market capitalization is around NPR 1.62 billion. In 2025, SPHL’s board resolved to release 50% of pledged shares previously held with co-financing banks reflecting a partial repayment of loans taken for the Daram Khola project. Financially, the company continues to face the typical risks associated with run-of-river hydropower plants: variability in hydrology (water flow), seasonal generation fluctuations, and natural-disaster exposure. A 2025 rating update from CARE Ratings Nepal Limited reaffirmed SPHL’s issuer rating as “CARE-NP BB (Is)”, citing modest operating performance due to low hydrology in the preceding fiscal year. Despite challenges, SPHL remains relevant as a small-scale hydropower developer leveraging Nepal’s abundant water resources to contribute to national grid supply. Its public listing provides transparency and allows retail investors to participate in Nepal’s hydropower sector a model that combines infrastructure development, renewable-energy goals, and market-based financing.