NEPSEListed on the Nepal Stock Exchange

Three Megawatts from the Hills of Ilam

Joshi Hydropower Development Company owns and runs the 3 MW Upper Puwa-I plant on the Puwa Khola, which has supplied the national grid since January 2015.

Investor Relations About the Plant

Installed capacity: 3MW
Design energy a year: 17.4GWh
Generating since: 2015
Listed shares: 6,128,100

NEPSE: JOSHI

Rights shares (1:0.65) allotted in September 2025 · paid-up capital now Rs 612.81 million

Investor Relations

Who We Are

A listed company with one working plant.

More About Us

Joshi Hydropower Development Company Limited was incorporated in April 2005 and has run the Upper Puwa-I Small Hydropower Project in Ilam District since 15 January 2015. The plant takes water from two streams, the Thulo Puwa Khola and the Sano Puwa Khola, carries it through buried canals to a shared forebay, and drops it through a 460 m penstock to two Francis turbines. Its full output is sold to the Nepal Electricity Authority. The company’s shares trade on the Nepal Stock Exchange under the symbol JOSHI.

Generating since January 2015
Output sold to NEA under a 30-year PPA
Shares listed on NEPSE as JOSHI

Dipak Prasad KushuwaChairman, JHDC

Leadership

Board and Management

The directors elected by shareholders, and the management team who run the company day to day.

Meet the Full Team

Board of Directors

Dipak Prasad Kushuwa
Chairman
Kalpana Sharma
Director
Nibesh Thapa Magar
Director

Management

Sudhir Lamichhane
Chief Executive Officer
Sharada Ghale
Company Secretary

At the Plant

Inside Upper Puwa-I

Generating units
Headrace canal
Control room
Switchyard

Why Upper Puwa-I

A Working Plant on a Small River

Upper Puwa-I is a run-of-river plant: it uses the Puwa Khola’s flow as it comes, with no reservoir. Output is highest in the monsoon and lowest in late winter, and every unit is sold to the national utility.

Running Since 2015

Upper Puwa-I has fed Nepal’s grid since 15 January 2015, making JHDC one of the older listed small-hydro operators.
A Contracted Buyer

The Nepal Electricity Authority buys all the power the plant produces, under an agreement that runs for 30 years.
Two Water Sources

Separate intakes on the Thulo Puwa and Sano Puwa streams feed one forebay, so the plant is not tied to a single stream.
Local Jobs and Roads

People from the project area get first priority for jobs at the plant, and the company keeps the site road in repair for local use.

159m
Gross head: 2.31m³/s
Design discharge: 2
Francis turbine units: 53.2km²
Combined catchment

The Plant

Component by Component

01
Headworks

Two intakes feed the plant. On the Thulo Puwa Khola, a side intake with a gravel trap (8 m × 2.7 m) and a 27.5 m desander handles 1.50 m³/s. On the Sano Puwa Khola, a 9 m Tyrolean weir with its own gravel trap and a 24 m desander handles 1.10 m³/s.
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02
Water Conveyance

Two buried concrete canals, 2,133 m and 1,612 m long, run under the access road to a shared forebay (15 m × 5.5 m × 3.34 m) with spillway and flushing gates. From there a 460 m steel penstock, 1.1 m in diameter, drops to the powerhouse on 82 saddle supports and 10 anchor blocks.
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03
Powerhouse

A surface building of 336 m², 9.6 m high, housing the turbines and generators, the control room, the machine hall and drainage systems.
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04
Generating Units

Two horizontal-axis Francis turbines rated at 1,000 rpm drive two 1,875 kVA synchronous generators at 6.6 kV and 50 Hz.
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05
Control Room

Operators run and monitor the units, the gates and the grid connection from the control room inside the powerhouse.
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06
Tailrace

A 2 m wide, 1 m high box culvert on a 1:100 slope returns the water to the Thulo Puwa Khola. Tail water level is 1,231.5 m, and the 100-year flood level 1,232 m.
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07
Switchyard

Switchgear and transformers connect the generating units to the national grid.
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