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Hydropower development remained a state monopoly in Nepal for a long period. It is the Hydropower Development Policy of 1992, the Electricity Act of 1992, and the Water Resources Act of 1992 that opened investment in hydropower development to the private sector. Nepal Rastra Bank has categorized hydropower projects as one of the priority sectors for investment.
Nepali banks and financial institutions have shown interest to provide financing in this sector. Rural electrification is one of the pre-requisites for economic development. Electricity will not only increase the quality of life but also support the livelihood of people, thus contributing to poverty alleviation and economic development of the nation. There is scope for exporting surplus energy to India.
Nepal and India entered into a Power Trade Agreement that allows independent mutual power deals on government, semi-government and private sector levels between the two countries. With this opening of hydropower development to the private sector and with a view to contribute towards the rural economic development of Nepal, Guras Hydro Pvt Ltd. was established in 20th July 2020.
Chairman Message
Mr. Shiva Prasad Ghimire is the founder chairman of the group since 1996. He transformed Syarsekali Oil Distributors into the largest fuel supplier in eastern Nepal. He is an executive member of FNCCI, founder of National Business Initiatives, and has held various leadership roles in business and social organizations. His visionary leadership extends to multiple hydropower projects, making significant contributions to Nepal's energy sector.
Mr. Shiva Prasad Ghimire
Executive Chairman
Board of Directors
Sugam Ghimire
Director
Lok Harsha Shakya
Director
Pushpa Chitrakar
Director
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