North Summit Hydro Limited

Nyadi-Phidi
Hydropower Project

A flagship initiative by North Summit Hydro Limited — harnessing the pristine waters of the Himalayas for a sustainable tomorrow.

21.4 MW Run-of-River

Lamjung, Nepal

Under Construction

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21.4

MW Capacity

Annual Output

129.14

GWh/Year

Clean Energy

690m

Gross Head

High-Head Design

RoR

Run-of-River Design

Eco

Minimal Environmental Impact

132

kV Grid Connection

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About Us

Built around the landscape, not imposed on it.

North Summit Hydro Limited is developing the Nyadi-Phidi Hydropower Project with a clear operating principle: understand the terrain deeply, build responsibly, and turn that insight into reliable renewable energy for Nepal.

Company Snapshot

A focused hydropower developer, active since 2016

Live project context

North Summit Hydro Limited was established to move promising Nepali hydropower sites from concept to bankable, buildable infrastructure. Our flagship effort in Lamjung is shaped by field conditions, engineering discipline, and a practical understanding of how projects perform on the ground.

The Nyadi-Phidi Hydropower Project combines technical preparation, financial coordination, and community-aware execution. The result is a cleaner energy story that feels specific to the site instead of generic to the sector.

Why this matters

Project intent

Reliable renewable generation with disciplined delivery.

Delivery lens

Terrain-aware planning, environmental care, and accountable execution.

Explore the full site story

Project Location

Lamjung District, Nepal

Positioned in Marsyangdi Gaupalika, the site benefits from strong geographic identity and clear hydropower relevance.

Scheme Type

Run-of-River Hydropower

Designed to convert flowing water into dependable energy while avoiding the footprint of large storage-based development.

Precision

Every design decision is tied to site realities, constructability, and long-term plant performance.

Transparency

Investors, lenders, regulators, and communities get a clearer view of progress and project direction.

Responsible Energy

The run-of-river approach is built to generate renewable power with a lighter environmental footprint.

Local Value

Execution is shaped around jobs, access improvements, and durable benefits for nearby communities.

Spatial Context

The map carries the story.

28°24′27″–28°26′12″N, 84°30′10″–84°31′43″E

The Nyadi-Phidi site sits in a landscape where river, slope, and access route all shape engineering choices. Surfacing that geography makes the project easier to understand at a glance.

Lamjung districtRun-of-river footprintTerrain-aware planning

Loading terrain view

Terrain

Lamjung ridgeline and river corridor

Water Source

Nyadi River run-of-river intake

Access

Linked to the Kathmandu approach corridor

Context

Engineered for grid-ready clean energy delivery

2016

Company established

Board members guiding governance

Consortium banks supporting delivery

150+

Years of combined sector experience

Leadership Team

Board of Directors

Industry veterans steering North Summit Hydro towards Nepal's sustainable energy future.

Chairman

Vivek Tater

20+ years in Business Development

Managing Director

Balendra Chhetry

25+ years in Hydropower Projects

Director

Jiba Raj Kandel

25+ years in Finance Management

Director

Kishor Subedi

15+ years in Hydropower Development

Director

Padam Gurung

25+ years in Construction Management

Director

Ranjil Basnet

20+ years in Electro-mechanical works

Director

Shankar Bashyal

30+ years in Environmental Studies

Project Team

Company Secretary/Admin. Officer

Surendra Tiwari

10+ years in Administration & Accounts Management

Resident Engineer

Niroj Phuyal

12+ years in Water Resources & Hydropower

Project Engineer

Sangam Malla

10+ years in Hydropower Civil Works

Engineering Geologist

Sujan Neupane

5 years in Engineering Geology, Geotechnical Investigation & Tunnel Logging

HRT & Headworks Engineer

Bidwat Jung Raut

5 years in Project Planning, Supervision & Hydropower Engineering

Explore Full Leadership Profiles

Technical Specifications

Project Overview

Nyadi-Phidi Run-of-River Hydropower Project technical parameters and specifications.

Installed Capacity

NOMINAL

0.00MW

megawatts

formula

P = \rho \cdot g \cdot Q \cdot H_n \cdot \eta

Gross Head

VERIFIED

0.00m

meters

formula

H_g = z_{\text{intake}} - z_{\text{powerhouse}}

Net Head

CALCULATED

0.00m

meters

formula

H_n = H_g - \sum h_f

Design Discharge

OPTIMAL

0.0m³/s

cubic meters/sec

formula

Q = A \cdot v

project_schematic.sys

Water-to-Wire System

System flow diagram • Key equipment and dimensions

Water Intake & Conveyance

HEADWORKS

Boulder Lined Weir

Diversion, intake & settling

7 components

HEADRACE TUNNEL

2,020 m

Inverted D-shaped • 2.2 m × 2.5 m

SURGE SHAFT

25 m

Simple cylindrical • Ø 4.5 m

PENSTOCK

1,490 m

Steel • Ø 1.2 m (before bifurcation)

690.10 m elevation drop

Generation & Power Evacuation

POWERHOUSE

Surface

28.85 m × 19.50 m × 14.65 m

GRID CONNECTION

132 kV

19 km • BEAR conductor • Tarikuna NEA Hub

01. HEADWORKS

Diversion, intake & settling

Boulder Lined Weir

02. HEADRACE TUNNEL

Inverted D-shaped • 2.2 m × 2.5 m

2,020 m

03. SURGE SHAFT

Simple cylindrical • Ø 4.5 m

25 m

04. PENSTOCK

Steel • Ø 1.2 m (before bifurcation)

1,490 m

690 m drop

05. POWERHOUSE

28.85 m × 19.50 m × 14.65 m

Surface

06. GRID CONNECTION

19 km • BEAR conductor • Tarikuna NEA Hub

132 kV

Total Elevation Drop

690.10m

Project Coordinates

28°24'27"–28°26'12"N

84°30'10"–84°31'43"E

Financial Framework

Financial Overview

The Nyadi Phidi Hydropower Project is structured with a balanced and bankable financial model, combining strong sponsor equity with consortium-backed project financing.

Total Project Cost

NRs. 415.7 Crore

(Including Interest During Construction - IDC)

“This comprehensive project cost covers civil works, electro-mechanical equipment, transmission infrastructure, financing costs during construction, and contingencies.”

Fully funded through to commissioning

Capital Structure

Debt (75%)NRs. 308 Cr

Equity (25%)NRs. 107.7 Cr

Debt–Equity Ratio optimized for healthy leverage and returns.

75:25

Debt–Equity Ratio

Banking Consortium

Machhapuchre Bank Ltd (MBL)

Consortium-backed financing

Reduced funding risk through a diversified lending pool.

Balanced D/E ratio

Healthy leverage (75:25) ensures investor confidence.

Fully funded scope

EPC + transmission infrastructure fully covered, no capital gaps.

Strong due diligence

Extensive verification already completed by commercial banks.

What This Means for Stakeholders

Nyadi Phidi represents a financially credible infrastructure asset with predictable long-term revenue, supported by Nepal's growing electricity demand and grid expansion.

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Project Milestones

Development Timeline

A clearer view of how the Nyadi-Phidi project progressed, what was achieved, and what comes next.

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Switch between all milestones or focus on a specific status.

Completed

Delayed

Upcoming

CompletedMilestone 01NSH-M001

2016

Company Establishment

North Summit Hydro Limited established to develop the Nyadi-Phidi Hydropower Project.

STEP 012016

012016

CompletedMilestone 01NSH-M001

2016

Company Establishment

North Summit Hydro Limited established to develop the Nyadi-Phidi Hydropower Project.

STEP 022018 Q2

CompletedMilestone 02NSH-M002

2018 Q2

Survey License Obtained

Comprehensive survey and feasibility studies initiated for the project site in Lamjung district.

022018 Q2

CompletedMilestone 02NSH-M002

2018 Q2

Survey License Obtained

Comprehensive survey and feasibility studies initiated for the project site in Lamjung district.

CompletedMilestone 03NSH-M002a

2018 Q2

IEE Approved

Initial Environmental Examination approved for the project.

STEP 032018 Q2

032018 Q2

CompletedMilestone 03NSH-M002a

2018 Q2

IEE Approved

Initial Environmental Examination approved for the project.

STEP 042018 Q2

CompletedMilestone 04NSH-M002b

2018 Q2

PPA Signed with NEA

Power Purchase Agreement signed for the project with Nepal Electricity Authority.

042018 Q2

CompletedMilestone 04NSH-M002b

2018 Q2

PPA Signed with NEA

Power Purchase Agreement signed for the project with Nepal Electricity Authority.

CompletedMilestone 05NSH-M002c

2018 Q3

Detailed Feasibility Study

Detailed feasibility study completed by JV of Nirvana Tech P. Ltd and Energy Resources Solution P. Ltd.

STEP 052018 Q3

052018 Q3

CompletedMilestone 05NSH-M002c

2018 Q3

Detailed Feasibility Study

Detailed feasibility study completed by JV of Nirvana Tech P. Ltd and Energy Resources Solution P. Ltd.

STEP 062019 Q1

CompletedMilestone 06NSH-M002d

2019 Q1

Due Diligence Study

Due diligence study completed by Iteco Nepal P. Ltd.

062019 Q1

CompletedMilestone 06NSH-M002d

2019 Q1

Due Diligence Study

Due diligence study completed by Iteco Nepal P. Ltd.

CompletedMilestone 07NSH-M003

2020 Q1

Generation License Approved

Department of Electricity Development grants generation license for the 21.4 MW project.

STEP 072020 Q1

072020 Q1

CompletedMilestone 07NSH-M003

2020 Q1

Generation License Approved

Department of Electricity Development grants generation license for the 21.4 MW project.

STEP 082020 Q4

CompletedMilestone 08NSH-M003b

2020 Q4

Credit Facilities Agreement

Credit facilities agreement secured with Machhapuchhre Bank for project financing.

082020 Q4

CompletedMilestone 08NSH-M003b

2020 Q4

Credit Facilities Agreement

Credit facilities agreement secured with Machhapuchhre Bank for project financing.

DelayedMilestone 09NSH-M003a

2020-2021

Pandemic Disruption

COVID-19 pandemic triggers nationwide lockdowns, supply chain disruptions, and restricted site access, significantly delaying project progress.

STEP 092020-2021

092020-2021

DelayedMilestone 09NSH-M003a

2020-2021

Pandemic Disruption

COVID-19 pandemic triggers nationwide lockdowns, supply chain disruptions, and restricted site access, significantly delaying project progress.

STEP 102022 Q3

CompletedMilestone 10NSH-M004

2022 Q3

Construction Commencement

Ground-breaking and civil works initiated for intake structures and headrace tunnel.

102022 Q3

CompletedMilestone 10NSH-M004

2022 Q3

Construction Commencement

Ground-breaking and civil works initiated for intake structures and headrace tunnel.

In ProgressMilestone 11NSH-M004a

2024 Q1

Detail Engineering Design

Detailed engineering design being carried out by JV of Hydro Consult Engineering Ltd and Innovative Engineering Services P. Ltd.

STEP 112024 Q1

112024 Q1

In ProgressMilestone 11NSH-M004a

2024 Q1

Detail Engineering Design

Detailed engineering design being carried out by JV of Hydro Consult Engineering Ltd and Innovative Engineering Services P. Ltd.

STEP 122024 Q2

CompletedMilestone 12NSH-M005

2024 Q2

Civil Contract Agreement

North Summit Hydro Limited successfully concludes the Civil Contract Agreement of Nyadi Phidi HPP 21.4 MW with KALIKA-SAI-KARNA JV.

122024 Q2

CompletedMilestone 12NSH-M005

2024 Q2

Civil Contract Agreement

North Summit Hydro Limited successfully concludes the Civil Contract Agreement of Nyadi Phidi HPP 21.4 MW with KALIKA-SAI-KARNA JV.

CompletedMilestone 13NSH-M006

2024 Q4

Transmission Line Works

Prequalification and contracting underway for transmission line connectivity to national grid.

STEP 132024 Q4

132024 Q4

CompletedMilestone 13NSH-M006

2024 Q4

Transmission Line Works

Prequalification and contracting underway for transmission line connectivity to national grid.

STEP 142025 Q2

CompletedMilestone 14NSH-M007

2025 Q2

Hydro-Mechanical Contract Agreement

North Summit Hydro Limited successfully concludes the Hydro-Mechanical Contract Agreement of Nyadi Phidi HPP 21.4 MW with Machhapuchhre Metal & Machinery Works Pvt Ltd.

142025 Q2

CompletedMilestone 14NSH-M007

2025 Q2

Hydro-Mechanical Contract Agreement

North Summit Hydro Limited successfully concludes the Hydro-Mechanical Contract Agreement of Nyadi Phidi HPP 21.4 MW with Machhapuchhre Metal & Machinery Works Pvt Ltd.

CompletedMilestone 15NSH-M008

2026 Q1

EM Contract Signing

Major milestone achieved: Contract agreement for electromechanical works (2 x 10.7 MW + 10% COL) signed with Flovel Energy PVT LTD.

STEP 152026 Q1

152026 Q1

CompletedMilestone 15NSH-M008

2026 Q1

EM Contract Signing

Major milestone achieved: Contract agreement for electromechanical works (2 x 10.7 MW + 10% COL) signed with Flovel Energy PVT LTD.

STEP 162026-2027

UpcomingMilestone 16NSH-M009

2026-2027

IPO & Commercial Operation

Agreement signed with Machhapuchchhre Capital for IPO issue. Project moving towards commercial operation and national grid synchronization.

162026-2027

UpcomingMilestone 16NSH-M009

2026-2027

IPO & Commercial Operation

Agreement signed with Machhapuchchhre Capital for IPO issue. Project moving towards commercial operation and national grid synchronization.

Stakeholder Updates

Monthly Reports

Stay informed with our latest construction progress, financial updates, and operational milestones — published monthly for all stakeholders.

Latest

FEB2026

February 2026

Monthly Report

Construction milestones update
Financial status overview
Operational progress report

View Report Download

JAN2026

January 2026

Monthly Report

Construction milestones update
Financial status overview
Operational progress report

View Report Download

DEC2025

December 2025

Monthly Report

Year-end construction review
Budget & expenditure summary
Key achievements of 2025

View Report Download

Notice Board

News & Announcements

Corporate updates, shareholder notices, and project milestones — all in one place.

Latest Announcement

MilestoneFebruary 2026

EM Contract Signed with Flovel Energy PVT LTD

A landmark agreement for the supply and installation of electromechanical works (2 x 10.7 MW + 10% continuous overload) has been signed with Flovel Energy PVT LTD. This moves the project decisively from civil construction into its power-generation phase.

View on project timeline

Earlier

AGMJune 8, 2025

9th Annual General Meeting Notice

Notice for the 9th Annual General Meeting of North Summit Hydro Limited shareholders. The agenda includes review of annual financial statements, appointment of auditors, and project progress update.

CorporateJune 15, 2025

Directors Election Schedule

Notice regarding the directors election schedule for North Summit Hydro Limited shareholders, to be conducted at the 9th Annual General Meeting. Eligible shareholders are encouraged to participate in the democratic governance of the company.

MilestoneApril 8, 2025

Hydro-Mechanical Contract Agreement Signed

North Summit Hydro Limited has successfully concluded the Hydro-Mechanical Contract Agreement of Nyadi Phidi HPP 21.4 MW with Machhapuchhre Metal & Machinery Works Pvt Ltd.

View on project timeline

Investment2024

IPO Agreement with Machhapuchchhre Capital

North Summit Hydro Limited has signed an agreement with Machhapuchchhre Capital for managing the company's Initial Public Offering (IPO), paving the way for public investment in Nepal's clean energy future.

View on project timeline

MilestoneMay 11, 2024

Civil Contract Agreement Signed

North Summit Hydro Limited has successfully concluded the Civil Contract Agreement of Nyadi Phidi HPP 21.4 MW with KALIKA-SAI-KARNA JV, marking the formal commencement of major civil construction works.

View on project timeline

Community & Sustainability

Beyond Power Generation

The Nyadi-Phidi project delivers lasting benefits to local communities in Lamjung and contributes to Nepal's sustainable development through local empowerment and environmental care.

129.14GWh/year

Clean Energy Generation

Annual clean electricity generation contributing to Nepal's renewable energy goals and reducing dependence on fossil fuels.

500+jobs created

Local Employment

Direct and indirect employment opportunities for local communities in Lamjung district during construction and operation phases.

RoRdesign

Environmental Stewardship

Run-of-River design minimizes environmental impact with no large reservoir, preserving river ecosystems and fish migration.

Regionalconnectivity

Infrastructure Development

Improved road access and transmission infrastructure benefiting remote communities in Marsyangdi Gaupalika.

Nyadi-PhidiHydropower Project

Built around the landscape, not imposed on it.

Precision

Transparency

Responsible Energy

Local Value

The map carries the story.

Board of Directors

Vivek Tater

Balendra Chhetry

Jiba Raj Kandel

Kishor Subedi

Padam Gurung

Ranjil Basnet

Shankar Bashyal

Surendra Tiwari

Niroj Phuyal

Sangam Malla

Sujan Neupane

Bidwat Jung Raut

Project Overview

Scheme & Capacity

Water Conveyance System

Powerhouse

Turbine & Generator System

Power Evacuation

Why Nyadi Phidi Matters

Water-to-Wire System

HEADWORKS

HEADRACE TUNNEL

SURGE SHAFT

PENSTOCK

POWERHOUSE

GRID CONNECTION

01. HEADWORKS

02. HEADRACE TUNNEL

03. SURGE SHAFT

04. PENSTOCK

05. POWERHOUSE

06. GRID CONNECTION

Financial Overview

Total Project Cost

Capital Structure

Banking Consortium

Consortium-backed financing

Balanced D/E ratio

Fully funded scope

Strong due diligence

What This Means for Stakeholders

Development Timeline

Company Establishment

Company Establishment

Survey License Obtained

Survey License Obtained

IEE Approved

IEE Approved

PPA Signed with NEA

PPA Signed with NEA

Detailed Feasibility Study

Detailed Feasibility Study

Due Diligence Study

Due Diligence Study

Generation License Approved

Generation License Approved

Credit Facilities Agreement

Credit Facilities Agreement

Pandemic Disruption

Pandemic Disruption

Construction Commencement

Construction Commencement

Detail Engineering Design

Detail Engineering Design

Civil Contract Agreement

Civil Contract Agreement

Transmission Line Works

Transmission Line Works

Hydro-Mechanical Contract Agreement

Hydro-Mechanical Contract Agreement

EM Contract Signing

EM Contract Signing

Nyadi-Phidi
Hydropower Project