UNIVERSAL POWER COMPANY LTD

Universal Power Company Limited is a Nepali hydropower developer and operator that was incorporated on 16 Chaitra, 2067 (≈ March 30, 2011) under the Company Act, with the objective of developing and investing in hydroelectric projects across Nepal. Its core project the Tallo Khare Khola Hydropower Project is a run-of-river hydropower plant located in the Dolakha district (Gaurishanker Rural Municipality, wards 5, 6, and 8), with an installed capacity of 11 MW. The company holds the generation license for this plant, and it has signed a Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) for supply of electricity from this project. UPCL is ISO 9001:2015 certified, demonstrating that it adheres to internationally recognized quality management standards, particularly in “Operation and Maintenance of Hydropower Plants.” As a publicly listed company on Nepal Stock Exchange (NEPSE) under the ticker symbol “UPCL,” the company invites public investment and trades on the open market. In recent years, UPCL has taken steps to expand beyond its flagship 11 MW plant. The company holds a survey license for the Mathillo Inkhu Khola Hydropower Project (24.22 MW) in Solukhumbu district. Strategic financial decisions have also been part of its journey in 2025, UPCL announced a 9% bonus share and a 0.4737% cash dividend from accumulated profits, signaling both profitability and confidence in future growth. However, like many hydro developers in Nepal, UPCL faces sector-specific risks: as a run-of-river generator, hydrology and seasonal water flow variability affect its plant load factor (PLF), and delays or cost overruns in new projects can add financial strain. The company’s bank facilities have been rated (by CARE Ratings Nepal Limited) as “CARE-NP BB+” a sign that while the company has strengths (experienced promoters, PPA, financial closure), risks remain given project-stabilization and volatility in generation due to natural factors.Overall, Universal Power Company represents a mid-sized hydropower developer in Nepal’s renewable-energy landscape: combining committed operations (11 MW), ambition to scale up (new projects), and public ownership, while navigating hydrology and sector risks common to IPPs (Independent Power Producers).