Performance Report

Progress made during last 5 Years

Source of fund and investment (In ‘000)

Investment Portfolio (In ‘000)

S.No. Investment Investment Amount % Holding
01. Citizen Life Insurance Co. Ltd.

30,000

0.8%

02.

Chhaya Devi Complex Pvt. Ltd.

60,039

5.15%

03.

Feedback Infrastructure Services Nepal Ltd.

7,840

49.00%

04.

Nepal Power Exchange Ltd.

5,000

5.00%

05.

M. Nepal Pvt. Ltd.

3000

3.00%

06.

ICRA Nepal Ltd.

800

4.00%

07.

Mandu Hydro Power Ltd.

105,423

7.73%

08.

Citytech Group Pvt. Ltd.

8,046

2.44%

09.

Tundi Power Co. Pvt. Ltd.

48,500

5.13%

10.

Nilgiri Khola Hydropower Ltd.

100,000

3.16%

11.

Himalayan Re-insurance Ltd.

10,000

0.14%

12.

Leadership Academy Nepal

657

26.30%

 

Total

379,305

 


Status of Major Investments

Chhayan Devi Complex

Chhaya Center is a Tourism project comprising of Multi Complex and Hotel located at Thamel. This project consists of a five star hotel, three QFX Cinema Halls, seven specialized restaurants, spacious Food Court, more than 250 shops, office spaces, art gallery, disco theque, banquet and conference halls, 350 cars parking facilities etc. This project is a landmark assets in Kathmandu.

Feedback Infrastructure Services Nepal Ltd.

Feedback Infrastructure Services Nepal Ltd. (Feedback Nepal) was established to provide consulting, engineering and operation & maintenance services to the energy, transportation and realty sectors. With a mission of Unlocking Infrastructure Potential, Feedback Nepal endeavours to foster the infrastructure development in Nepal. In last five years of establishment, Feedback Nepal – a trusted address for “Concept to Commissioning” of infrastructure projects has already been engaged by over 20 different valued clients from within Nepal, India, Finland and China. Feedback Nepal is currently working on Detailed Engineering Design & Construction Drawings of 109 MW RoR project and Detailed Engineering Design, Construction Drawings & Construction Supervision of high head hydropower project amongst other consulting assignments.

ICRA Nepal Ltd

ICRA Nepal is the first and only Credit Rating Agency to be established in Nepal. This Company has been established under the joint venture agreement between Himalayan Infrastructure Fund Limited and ICRA Ltd. India, which is an associate company of Moody's. ICRA Nepal Ltd got its license from Securities Board of Nepal and has started credit rating services from March 2013.

Mandu Hydro Power Ltd

Mandu Hydropower Ltd. is a Hydro Project with capacity of 22MW of electricity generation. It is joint project with Sichuan Hechuan Co. Ltd. (SHIC) Chengdu, China. This Project is located at Bagmati River, IPA, Panchakanya VDC, Mankwanpur District, Bagmati Zone, Nepal. This project started commercial operation from 1 st April 2019.

Tundi Power Company

Tundi Power Co. was established to construct two power projects situated at Rahughat River in Myagdi district, Dhaulagiri Zone, Western Development Region of Nepal with a total capacity of 84MW. Upper Rahughat Hydropower is located downstream with a capacity of 48.5 MW and Rahughat Mangale Hydropower is located upstream with a capacity of 35.5MW. This project is currently under construction with majority shareholder from a Chinese investment company namely Sichuan Ji An Tai Energy Development Company Limited.

Nilgiri Khola Hydropower

Nilgiri Khola is located at Narchyan, Myagdi District, Western Development Region of Nepal with power generation capacity of Nilgiri Khola project 38MW and Nilgiri Khola Cascade II project 71MW. Nilgiri Khola Hydropower Ltd. (NKHPL) has completed its project Nilgiri I (NI) and Nilgiri II (NII) and started generation. NII project started its commercial operation from 06th April 2024 and NI project started its commercial operation from 5th August 2024.

Citizen Life Insurance

Citizen Life is one of the fastest growing life insurance companies in Nepal. It started its operations on October 19, 2017 (Kartik 02, 2074) after Nepal Beema Pradhikaran, the Insurance Regulatory Authority of Nepal, awarded it the operation license on August 23, 2017 (Bhadra 07, 2074). The company is listed in Nepal Stock Exchange.

Himalayan Re-Insurance

Nepal Himalayan Re is the first private sector reinsurance company established in the Republic of Nepal. The company would offer Reinsurance support to Life and General Insurance Companies in Nepal and overseas. This company is in operation.




Our Mission

To be the nodal institution strategically positioned to enable infrastructure projects in Nepal.

To raise funds for identified viable project and finance the project.

Current Activities

HIF has already taken initiatives and partnered with various key projects that shall have far-reaching implications in its short time of operation. They include projects into areas of power generation, urban development, financial infrastructure etc.

Performance Report

Progress made during last 5 Years at a glance