Nepal Water & Energy Development Company Private Limited was incorporated as a private limited company under the Companies Act, 1996 on 23 March 2002 in Nepal. The registered office address of the company has been changed to 3rd Floor, Four Square Complex, Ward No.1, Naxal, Narayan Chaur, Kathmandu District, and Kathmandu Metropolitan City, Nepal on 26 November, 2012. The Company is developing the 216 MW Upper Trishuli 1 Hydropower Projects which is located in Rasuwa District.
The Company has obtained Foreign Direct Investment from Korea South-East Power Co. Ltd (50% equity)., Daelim Industrial Co. Ltd. (15% equity) and Kyeryong Construction Industrial Co. Ltd. (10% equity), International Finance Corporation (10% equity) with remaining 10% equity being held by a Nepalese shareholder.
|Shareholders||Equity ratio (%)|
|Korea South East Power Co. Ltd.||50%|
|Daelim Construction Co. Ltd.||15%|
|Kyeryong Construction Industrial Co. Ltd.||10%|
|International Finance Corporation||10%|