Following Government of Nepal's decision, Jalvidhyut Lagani Tatha Bikas Company Limited or Hydroelectricity Investment and Development Company Ltd. (HIDCL) in English was formally established on 11 July 2011. Engaged in a mission to mobilize funds from domestic and international resource base to cater to the needs of investments in middle to mega hydroelectricity generation, transmission and distribution projects, offering timely and quality services to our customers and partners with integrity and professionalism, and creating value to our shareholders, HIDCL envisages to become the top hydropower investment company of the country.
Become the top hydro power investment company in Nepal by mobilizing funds for investment in generation, transmission and distribution of hydroelectricity and free the country from the chronic power shortage, provide energy security and realize its export potentials.
Mobilize funds from domestic and international financial institutions and markets to cater to the needs of investments in middle to mega hydroelectricity generation, transmission and distribution projects, offering timely and quality services to our customers & partners with integrity & professionalism, and creating value for our shareholders, while creating conducive work environment for the employees.
» Nation first
» Aggressive, persistent and creative pursuit of opportunities
» Unquestionable integrity in every aspect of business
» Commitment to exceeding customer expectations
» Operations in a fiscally sound environment
» A personal commitment to a
strong work ethic and achieving results
The Company operates with a goal to become a successful profitable company that is the leader in hydropower investments in the country with clear focus to invest in only middle to mega hydroelectricity generation, transmission and distribution projects.
Remit Hydro Limited, a subsidiary company of HIDCL has been established as a Special Purpose Vehicle to implement the concept of Remittance Hydro. The board of directors had given necessary authority to the Chief Executive Officer for the establishment of the Company.
Simbuwa Remit hydro is a new concept formulated by Hydroelectricity Investment and Development Company Ltd. (HIDCL) for the development of hydropower sector in Nepal. A part of the remittance money the country is receiving will be used in the equity investment of hydropower projects.