Sanima Middle Tamor Hydropower Limited

Sanima Middle Tamor Hydropower Limited is a hydropower-specialist company in Nepal, created as a “special-purpose vehicle” under the broader Sanima Hydro & Engineering Pvt. Ltd. (Sanima Group), to develop the ambitious 73 MW Middle Tamor Hydropower Project (MTHP) on the Tamor River in Taplejung District. The project’s objective is to harness the hydrological potential of the Tamor River basin through a run-of-river hydroelectric scheme generating clean electricity for Nepal’s national grid under a long-term purchase agreement with the Nepal Electricity Authority (NEA). After obtaining the generation license (initially for 54 MW, later revised to 73 MW in December 2018) TAMOR proceeded with construction and following upgrades and grid-evacuation readiness officially commissioned the project in 2024.As of 2025, the company reports active power generation and sale, with its financial disclosures showing revenue generation and a turnaround: in the second quarter of fiscal year 2081/82, TAMOR reported a net profit of NPR 27.16 crore, a significant rebound from prior losses.TAMOR is publicly traded on the Nepal Stock Exchange (NEPSE) under the ticker symbol “TAMOR”. As per recent data, it has 33,325,000 shares outstanding, with a paid-up capital of NPR 3,332,500,000. The company’s financial performance, generation capacity, and public-market listing make it a high-profile independent power producer (IPP) contributing to Nepal’s renewable energy sector.That said, there are still structural and sectoral risks: according to a recent credit-rating release by CARE Ratings Nepal Limited, TAMOR faces “operations-stabilization risk” because power evacuation initially occurred under a contingency grid-connection plan; coupled with hydrology variability (run-of-river dependency), these factors contribute to moderate credit risk. The company’s future performance will significantly depend on stable river flow, timely dispatch by NEA, and efficient operations.