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Kumar Pandey

Chairman of the Board

Message from the Chairman:

The end of the FY 2014/015 (Nepali FY 2071/072) saw new beginnings at National Hydro Power Company. Despite the devastating earthquake and its continuing aftershocks of April, which are continually rattling Sindhupalchowk District, our Indrawati III hydropower Project recorded the highest revenue generation of this decade. We saw the loans of the company significantly decrease to levels where the total loan is a small percentage of our annual revenue, and profit is at an all time high. We also saw the management publish its quarterly report, on time, for the second consecutive quarter in well over four years. Likewise the company has managed its internal conflicts and is moving ahead with planning future projects and investments. Part of the moving forward agenda is the creation and launching of this new website.

NHPC Board, management, its staff and its thousands of shareholders are all witnesses to the ups and downs this company has faced in the last dozen years. I ask all our supporters and believers to take strength from the hardships and troubles we have been through and work with us as we start formulating and implementing programs to add value to shareholders’ investment, reestablish pride in all our staff and associates, and reclaim the lost credibility of the company. There is little benefit that will come from brooding over the past and wallowing in the tragedies that had befallen us.

We are now looking forward to an era of growth. Hydropower is Nepal's only resource to uplift the country from poverty to prosperity. Nepal is embarking upon new ventures with the possibility of power trading with neighboring countries. When this is implemented Nepal will find a huge, power hungry market for its indigenous hydroelectricity. We of course do not underestimate the market that already exists in Nepal for electricity. This increase in demand for energy will absolutely benefit the country, bust just as importantly it will benefit hydropower companies and their shareholders who have been looking for larger markets for absorbing the energy we can generate, especially in the monsoon months. We are also mindful that the hydropower sector is an investor friendly sector that provides high levels of returns to investors. As a responsible public company our efforts will be to help alleviate the scourge of load shedding in our country and at the same time to also provide rightful returns to our investors.

We must also remember that hydro energy is also a form of renewable which in the long run, and in a global context, helps protects the environment for us here in Nepal as well as for our citizens of the world.

So please join us in our journey as we strive to reduce load shedding, add shareholder value, reestablish the brand of NHPC in Nepal's hydro sector and also contribute to the environmental well being of our country and that of the world at large.