UKHLL Annual Reports — Upper Tamakoshi Hydropower Limited
- Page status
- Working page
- Updated
- 2026-05-12
Summary
The audited annual reports of Upper Tamakoshi Hydropower Limited (UKHLL), the NEA subsidiary that owns and operates the 456 MW Upper Tamakoshi Hydroelectric Project — Nepal's largest operating hydropower plant. The reports are available at utkhpl.org.np and provide the primary-source generation and financial data for the project.
Key data extracted (from research compilation of audited accounts)
Generation data
| Fiscal Year | Generation (GWh) | % of Design (2,281 GWh) | Notes |
|---|---|---|---|
| FY 2079/80 | 1,945.83 | 85.3% | |
| FY 2080/81 | 2,058.36 | 90.2% | Peak operational year |
| FY 2081/82 | 1,529.07 | 67.0% | 88-day flood shutdown (Sep 2024) |
Financial data
- Total project cost: NPR 87–89.4 billion
- Effective D/E ratio at COD: 88:12
- ICRA D default rating in FY 2081/82 (post-flood)
- Flood event damage: NPR 1.79 billion physical, NPR 1.43 billion business interruption
- Insurance claim: NPR 2.0–3.22 billion
- Rolwaling diversion: 212 GWh addition, dry-season peaking from 4 to 6 hours
Limitations
- Audit firm unconfirmed: The reports are described as "audited" but the specific audit firm and qualification opinions are not extracted.
- Post-flood data recency: The FY 2081/82 data (flood shutdown, ICRA D rating, insurance claim) is the most recent extracted; later fiscal-year data is not included.
- D/E ratio caveat: The effective 88:12 D/E ratio at COD is from UKHLL annual reports but cross-referencing against external debt-registrar data is not done.
- Insurance range: The insurance claim figure is reported as a range (NPR 2.0–3.22 billion) indicating uncertainty in the claim resolution.