About the Company
Company Details
• Company Name: Moonlight Hydropower Company Ltd
• Company Office: Kathmandu Municipality-5, Bagmati
• Project Name: Balephi A Hydropower Project
• Project Location: Baramchi & Selang VDC, Sindhupalchwok
• Converted into Public Limited on July 15, 2022
• Project Status: Under Construction (76% Completed as per Documents)
• Project Capacity: 22.14 MW
• RCOD: 2081/08/15
Directors’ Profile
Director Director
Chairperson
Mr. Sudhir Lamichane Mr. Ved Prakash Bista
Mr. Kalyan Bikram Neupane
• Hydropower Sector: Since • Hydropower Sector:
• Hydropower Sector: Involved in involved in K.B.N.R Isuwa
2007, As Developer Admin
Dolakha Nirman Co. Pvt. Ltd power Limited as Admin
and Finance Manager of
since 2011, Site engineer of Mai and Finance Manager
Dolakha Nirman Co. Pvt. Ltd
Small Cascade Hydropower
Himal DolKha hydropower • Others: work experiences
Project, Design Engineer of
Pvt. Ltd, Moonlight in other companies as
Balephi A Hydropower Project,
Hydropower Co. Pvt. Ltd, finance and Admin head in
Design Engineer member of
Joshi Hydropower companies like Rolling
Puwa- II hydroelectric project &
Development Co. Pvt. Ltd, Plans [Link]., Shayn
Design Engineer member of Super
Peoples Power Ltd, Director Karki & Company and
Mai hydroelectric project
on Shiva Shree Hydropower Sapanawati Savings and
Pvt. Ltd, Balephi Credit Cooperative Limited
Hydropower Co. Ltd
Project Highlights
Balephi A Hydropower Project
Baramchi & Selang VDC, Sindhupalchwok
Installed capacity- 22.14 M.W.
Generation License Date: 2078/08/16
RCOD: 2081/08/15
Project Highlights
Balephi A Hydropower Project
Particulars Details
Capacity 22.14 MW
Project Name Balephi A Hydropower Project
Project Type Run-of-River
Total Project Cost (NPR) 4.86 Arba
Per MW cost (NPR) 21.96 crore
RCOD 2081/08/15
IRR 12.13%
NPV NPR 4,671,000,000
Simple Payback Period 11 Years
Discounted Payback Period 25 Years
Project Highlights- Technical Details
Balephi A Hydropower Project
Particulars Value
Catchment Area of the Project (at 542.65 km2
headwork site)
Project Altitude Range 912 masl
Gross Head 86 m
Net Head 81 m
The density of silt in water passing 0.2mm
through a turbine
Length of the tunnel/canal 948 m
Status of substations Barhabise substation
Length of transmission line 20 km
Voltage Level of Transmission Line 132 kV
Length of penstock pipe 730m
Project Status
Particulars % Completed
Topographical Study 100%
Geological Study 100%
Hydrology and Sedimentology Study 100%
Design 100%
Civil Works 75%
1. Accessibility 100%
2. Land Acquisition 80%
3. Layout of alignment 100%
4. Head works 100%
5. Approach Canal 100%
6. Settling Basin 95%
7. Headrace Canal 95%
8. Fore bay 100%
9. Penstock, Anchor block and saddle support 25%
10. Surge Tank 25%
11. Powerhouse 80%
Infrastructure development 80%
Protection Works 100%
Social Mitigation 90%
Hydro mechanical Works 20%
Elector mechanical Works LC opened
Transmission Line 60%
Project Cost Details
S.N Particulars Amount %
1Pre-Operating Expenses 60,000,000.00 1.2%
2Civil Construction 1,547,400,000.00 31.8%
3Hydro mechanical 689,500,000.00 14.2%
4Electromechanical equipment 725,100,000.00 14.9%
5Access Road 103,300,000.00 2.1%
6Land Acquisition 205,000,000.00 4.2%
7Vehicle and Office Equipment 49,800,000.00 1.0%
8Infrastructure Development cost 80,400,000.00 1.7%
9Social and Environmental Mitigation 150,000,000.00 3.1%
10Project Management, Construction and 170,000,000.00 3.5%
Supervision
11 Insurance/ Miscellaneous 70,000,000.00 1.4%
12 Interest During Construction/Financial 1,012,500,000.00 20.8%
Cost
Total Cost 4,863,000,000.00 100%
Per MW Cost 219,647,696.48
Financing Structure
Particulars Pre IPO Post IPO
Equity 38.73 60.36
Debt 61.27 39.64
Details of PPA
10.6 M.W. 11.54 M.W.
Month corresponding to Month corresponding to the
the month of COD of the Dry Season Wet Season month of COD of the project Dry Season
project to be considered as (Poush to Chaitra) ( Baishak to Magh) to be considered as first (Mangsir 16 to Wet Season ( Jestha
first month month Jestha 15) 16 to Mangsir 15)
1st Month - 12th Month 8.4 4.8 1st Month - 12th Month 8.4 4.8
13th Month -24th Month 8.65 4.94
13th Month -24th Month 8.65 4.94
25th Month -36 Month 8.90 5.09
25th Month -36 Month 8.90 5.09 37th Month - 48 Month 9.16 5.23
49th Month - 60 Month 9.41 5.38
37th Month - 48 Month 9.16 5.23
61st Month - 72nd Month 9.66 5.52
49th Month - 60 Month 9.41 5.38 73rd Month - 74rth Month 9.91 5.66
61st Month- 72 Month 9.66 5.52 75th Month - 96 th Month 10.16 5.81
97 th Month till the
agreement period 10.42 5.95
Energy Table as per PPA
Details of Loan
Total Loan Details for Balephi A Hydropower Project
Name of Bank
1. Nabil Bank Limited (Lead Bank) 4. Siddhartha Bank Limited
2. Kumari Bank Limited 5. Prabhu Bank Limited
3. Nepal Investment Mega Bank Limited
NPR 3,330,375,000
Approved Loan Amount
NPR 2,882,659,000
Total Loan Disbursed
Equity Structure After IPO
IPO = NPR 1,437,555,200
Equity After IPO =NPR
3,593,888,000
Promoter =NPR 2,156,332,800
Total Financing Requirement
4,863,000,000.00
Project Cost
Promoter 1,832,883,000.00
Further Promoter (Including LSEF) 323,449,800.00
Loan 2,882,659,000.00
Total 5,038,991,800.00
Surplus(Cash) 175,991,800.00
Conclusion
Positive aspects of the Project
Company Specific
• Experienced promoter groups.
• Good catchment area of the project.
• LS Capital Limited has been appointed as the Issue Manager.
Regulatory and Policy Level
• Years of extension on PPA dates provided to all the projects by the government due to Pandemic delays.
• An agreement to sell 10,000 megawatts (MW) of electricity to India has been successfully concluded.
• Additionally government is planning to extend the generation years to 45.
• Possibility of bringing favorable policies for hydropower sector
Thank You
