NIBL Equity Partners to invest in Electro Power Company

KATHMANDU: NIBL Equity Partners, a private equity firm focused on fostering sustainable businesses, has signed an agreement to invest in Electro Power Company. This strategic partnership will support Electro Power in developing its 44MW hydropower project on Bhotekoshi River, helping the company meet its equity requirements for the project.

The private equity firm, managed by NIMB Ace Capital, recognises the immense potential of Nepal’s hydropower sector in driving economic growth and fostering sustainability through clean energy. This partnership aligns with the firm's mission to contribute to the country’s energy security while creating opportunities for energy exports that will boost national earnings.

“Partnering with Electro Power Company for this project will inherently create value for all stakeholders,” said Shivanth B Pandé, CEO of NIMB Ace Capital. “The project is carefully designed to minimise natural disaster risks and maximise energy output, which aligns with our fund’s focus on secure investments in the clean energy sector. This investment also brings private capital that will benefit the country's economy and future energy security."

Managing Director of Electro Power Company expressed his enthusiasm, saying, “This partnership will significantly speed up the construction process, boost our morale, and enable us to accelerate the completion of our hydropower project”. Investments like this are a step forward in transforming Nepal’s energy sector and unlocking the vast potential of clean energy in the country. We believe that institutional investments such as these will establish credibility in the energy sector, positively impacting the country’s economy.”

With this collaboration, both entities aim to contribute to the country’s long-term sustainability and economic prosperity by harnessing the power of renewable energy.