Avasar Equity Diversified Fund Invests in Two Hydropower Projects in Nepal’s Dolakha District


Avasar Equity Diversified Fund, Nepal’s first domestic Private Equity Fund registered with the Securities Board of Nepal (SEBON), has recently entered into an investment agreement with Him Parbat Hydropower Limited. Under this agreement, the Fund will invest NPR 39.06 crore in the development of two Run-of-river hydropower projects in Dolakha District of Bagmati Province.

The investment will be directed towards the Sagu Khola – 1 Hydropower Project, with a capacity of 5.5 MW, and the Sagu Khola Hydropower Project, with a capacity of 20 MW. Both projects have already concluded Power Purchase Agreements (PPAs) on a take-or-pay basis. It is anticipated that the combined energy generation from these projects will amount to approximately 149 GWh per year.

To connect the power generated by the projects to the national grid, a connection will be established through the Singati Substation. The projects have a target Commercial Operation Date set for Chaitra 29, 2081 (April 12, 2025).

By providing financial support for these projects, the investment from Avasar Equity Diversified Fund aims to ensure their timely completion and contribute to Nepal’s commitment to clean and sustainable energy sources.

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