Company Incorporated
19 April 2005
Joshi Hydropower Development Company was registered to develop the Upper Puwa-I project in Ilam.
About Us
Owner of the 3 MW Upper Puwa-I Small Hydropower Project in Ilam, and a public company listed on the Nepal Stock Exchange.
Who We Are
A listed company with one working plant.
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
Chairman’s Message
Dear Shareholders and Well-wishers,
On behalf of the Board of Directors, welcome to Joshi Hydropower Development Company Limited.
Our Upper Puwa-I Small Hydropower Project is a 3 MW run-of-river plant that uses the flow of the Thulo Puwa Khola and the Sano Puwa Khola to supply power to Nepal’s grid.
Our work rests on three commitments: engineering that respects the rivers and the communities around them, safe and reliable operation of the plant, and lasting value for our shareholders, employees and the people of Ilam.
We thank our staff, our shareholders and the local community for their continued support, and we will keep this website up to date with the company’s notices and reports.
Dipak Prasad Kushuwa
Chairman, on behalf of the Board of Directors
The Company
Twenty Years in Small Hydropower
Joshi Hydropower was incorporated on 19 April 2005 and became a public limited company on 6 February 2015, a few weeks after its plant began generating. Its promoters include Birendra Bahadur Neopane, who has around four decades of experience in civil construction and hydropower.
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What We Run
The Upper Puwa-I plant in Ilam: 3 MW from two streams of the Puwa Khola, with 159 m of gross head and two Francis turbine units.
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For the Local Area
We keep the road to the plant in repair, which local residents use every day, and give people from the project area first priority for jobs at the plant.
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2015Generating since -
3MWInstalled capacity
Related Group
BIG GROUP
Founded by Group Chairman Birendra Bahadur Neopane in 1985, BIG GROUP grew from road and building construction into hydropower in 2007, and today spans clean energy, manufacturing, healthcare, hospitality, construction and technology.
Its hydropower work includes the Mai Khola (4.5 MW) and Mai Small Cascade (8 MW) plants, the 97.2 MW Isuwa Khola project under construction, and the 166 MW Super Tamor project in development.
Visit BIG GROUP- 1985
- Group founded
- 450MW
- Hydropower capacity across the Group
- 25
- Projects delivered or under way
- 30
- Group companies
Milestones
Since 2005
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2005
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2009
Power Purchase Agreement
6 May 2009
PPA signed with the Nepal Electricity Authority for the first 985 kW.
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2011
Capacity Raised to 3 MW
2 August 2011
The PPA was amended to cover the full 3 MW.
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2015
Commercial Operation
15 January 2015
Upper Puwa-I began supplying power to the national grid.
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2015
Public Limited Company
6 February 2015
The company converted to a public limited company.
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2023
Flood Shutdown
FY 2079/80
A flood at the plant site stopped generation for about seven months.
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2025
9th and 10th AGMs
May 2025
Notice issued for the combined annual general meetings, with the annual report for FY 2079/80 and 2080/81.
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2025
Rights Shares Allotted
23 September 2025
2,414,100 rights shares (1:0.65) were allotted, raising paid-up capital to Rs 612.81 million.
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2025
Floods in Ilam
October 2025
Heavy rain on 3 to 5 October damaged structures at the headworks and halted generation.
Leadership
Board and Management
Board of Directors
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Dipak Prasad Kushuwa
Chairman
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Kalpana Sharma
Director
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Nibesh Thapa Magar
Director
Management
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Sudhir Lamichhane
Chief Executive Officer
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Sharada Ghale
Company Secretary
Powering Nepal's Progress, Sustainably
Get in Touch With Us
We're here to answer any questions you may have about the Upper Puwa-I Small Hydropower Project.