Who We Are
Message From
Chairman
As we have significant professional experience of technical, financial and entrepreneurship management as well as having great opportunity of fund collection at global level, Peace Energy Company Pvt Ltd was established to develop hydropower projects that are managed by the team of diversified well experienced professionals, local and successful businessmen from various disciplines such as hydropower, management, consultants, engineering and public affairs committed to bring excellence in the corporate and public governance.
Our mission of generating energy based upon safe, cost effective, reliable, efficient and environmentally sound manner using state of the art technologies. The institution aims to generate and supply energy from various sources, mainly by hydropower. In order to pursue this goal, the Company envisage to organize and utilize the financial and technical capabilities available within the country and abroad to construct projects one after another to contribute to whatever extent possible to the energy need of nation, and assure attractive return to the investors.
The company’s core business is the hydropower development, managing comprehensive study of determining the technical viability as well as financial attractiveness of the projects. The Company has also accomplished the Power Purchase Agreements (PPAs) with Nepal Electricity Authority (NEA) and the generation license from the Government of Nepal, Ministry of Energy, Department of Electricity Development (DoED) and subsequently for funding arrangement of the projects.
Robust management system, Cost minimization, revenue maximization and generating of power from agreed RCOD period of the project criteria are given supreme consideration in strategy planning and project management in the operating environment.
Our company has accomplished all fundamental activities of project development till the date. To the furthermore, the construction activities of all infrastructures of Upper Kabeli Hydro Electricity Project of 28.1 MW has been commencing with mobilizing all the resources at optimum level. Consequently, we have targeted to accomplish all construction and testing activities of hydro plant within 20 Crore Per Mega Watt Project Cost and RCOD 2027.
Additionally, our Management system and human resources capacity shall be enhanced and utilized for management and commencing of construction additional Hydro Electricity Project of plant capacity of around 100-200 MW from July 2026.
PEACE ENERGYABOUT
Mandate Statement
Legislative Mandates
The Peace Energy Company Private Limited (PEC) is established as a Private Limited Liability Company under the Cap 5 of Industrial Business Act-2063 (BS), Sub-section (1) of section 5 of Company Act-2006, Rules of company under sub-cap 4 of cap 20 of Company Act-2063 (BS) and Memorandum of Company under sub-cap 18 of cap 6 of Company Act-2063 (BS) of Government of Nepal. Its mandate, as obtained from its Memorandum of Association, is the production, supply and sale of hydro power electricity. PEC is a registered company with authorized capital of NPR 100,000,000. PEC has already acquired the electricity generation license to construct Uper Kabeli Hydro Electricity Project of 28.1 MW capacity and Power Purchasing Agreement has been accomplished with Nepal Electricity Authority. Project has been constructing from financial management with 30% equity of promoter, staffs, local people and public and 70% term loan of consortium banks of Nepal. The main law governing PEC’s operations and the energy sector as a whole are the Hydro Power Development Policy-2001, Electricity Act-1992, Electricity Rules-1993, Environmental Protection Act-2076 BS, Environmental Protection Rule-2077 BS, Labor Act-2074(BS) and Professional Health & Personal Security Policy-2077. The Energy Regulatory Commission (ERC) established under Energy Regulatory Commission Act -2074 and Energy Regulatory Commission Rules-2075 regulates the activities of the company to ensure compliance with the law and other legal requirements.
Policy Mandate
The Hydro Power Development Policy-2001 relating to the electricity sector, in which PEC is a major player, lays the framework upon which cost-effective, affordable and adequate and quality energy services are to be made available to the domestic economy on a sustainable basis over the period 2027- 202057. The Department of Electricity Development under Ministry of Energy, Water Resources and Irrigation, as PEC’s parent ministry, provides overall leadership, oversight, guidance and direction to ensure full implementation of the policy.
- Sustainable Infrastructure Development Policy (SID Policy): We are committed to develop Sustainable Infrastructure of hydropower projects.
- Total Quality Management Policy (TQM Policy): We are committed to develop and generate electricity from hydropower projects satisfying our stakeholders through continual improvement in its technology, process, human resource management, monitoring (Progress, Time, Cost & Quality) and complying the statutory & regulatory requirement
- Environmental & Social Safeguarding Policy (ESS Policy): We are committed to develop and operate infrastructure/plant in an environment friendly and responsive manner by implementing, maintaining and continually improving our environmental management system.
- Developing Cost Effective Physical Infrastructures & Generating of Maximum Revenue Policy (CEP-GMR Policy): We are committed to develop Sustainable Infrastructure of hydropower projects in the least cost and allocating maximum profit to shareholders of company.
Strategic Themes & Strategic Objective
The demand for electricity has grown, the technologies have changed, there is more emphasis on renewable sources of energy and erratic weather conditions are more prevalent. There is also the increased drive towards capable and committed human resources development, establishment of corporate governance and effective management system; cost and risk reduction and effective resources aligning for executing and operating of hydroelectricity plant in the most effective way. These and more changes and growth areas require a focused strategy for PEC to maintain its competitive advantage and focus on being a market leader in this sector To guide PEC in the next five years, this strategic plan highlights five (5) main themes and objective. These are namely
Sustainable Infrastructure Development Strategy (SID Strategy)
Development and continuous expansion of sustainable physical infrastructure in the most efficient, reliable and cost effective for generating of hydroelectricity that contribute demand management of electricity and uplifting of economy of the country through exporting of clean power and increased industrialization.
Effective Human Resources Management Strategy (EHRM Strategy)
Enhancing managerial skills and competencies, fostering leadership qualities, improving decision-making abilities, promoting effective communication and interpersonal skills, and developing a strategic mindset Development of capable and committed human resources in the most effective way to implement, operate and maintain of the hydro power projects to achieve the vision, mission and objective of PEC in the most efficient, reliable and cost effective and profit maximization.
Quality Management & Institutional Development Strategy (QMID Strategy)
Institutional and management Development and establishment of corporate governance and effective management system of planning, implementing, operating, monitoring, controlling, coordinating, supporting, reporting that will enhance of management efficiency of BoDs, Senior Management Team, Tactical Management Team, Operation Team Project for operating of business in the least cost and maximum profit.
Loss and Risk Reduction Strategy (LRR Strategy)
Addressing the minimization of risk and loss of the resources from hydrological, geological, social phenomenon, management, project completion, operating and revenue during Planning, Designing, Implementing and Operating of Hydro Power Development Project in the most effective way to achieve the vision, mission and objective of PEC.
Effective Resources Aligning Strategy (ERA Strategy)
Resource Mobilization and alignment for expansion of business in the least cost and maximum profit;
Background BACKGROUND
Nepal has been endowed with enormous hydropower potential due to numerous rivers and favorable topographical features. The total hydropower potential has been estimated to be 83,000MW of which 43,000MW has been assessed to be techno-economically feasible.
Hydropower development remained a state responsibility in Nepal for a long time. Hydropower Development Policy, 1992, Electricity Act, 1992 and Water Resources Act, 1992 opened the door for investment in hydropower development by private sectors. Nepal Rastra Bank (Central Bank of Nepal) has categorized hydropower projects as one of the priority sectors for investment. Nepali banks and financial institutions have also shown interest to provide loans in this sector. Therefore, it is an emerging sector in the country.
Access to electricity is one of the pre-requisite basic conditions for economic development of any society. Electricity will not only increase the quality of lives but also support the livelihood of people, thus contributing to poverty alleviation and economic development of the society. Moreover, in case there is a surplus or shortage of electricity, there is a scope for trading the energy with neighboring countries. Peace Energy Company Pvt Ltd (PEC) was established in 2072 B.S for grabbing investment opportunities in hydropower sector by the private sector with a view of contribution towards the economic development of Nepal. Peace Energy Company Pvt Ltd was established to develop hydropower projects that are managed by the team of diversified well experienced professionals, local and successful businessmen from various disciplines such as hydropower, management, consultants, engineering, health, education, and public affairs committed to bring excellence in the corporate and public governance.
The sole purpose PEC of generating energy in safe, cost effective, reliable, efficient and environmentally sound manner using state of the art technologies. The institution aims to generate and supply energy from various sources, mainly by hydropower. In order to pursue this goal, the Company envisage to organize and utilize the financial and technical capabilities available within the country and abroad to construct projects one after another to contribute to whatever extent possible to the energy need of nation, and assure attractive return to the investors.The company’s core business is the hydropower development, managing comprehensive study of determining the technical viability as well as financial attractiveness of the projects. The PEC has also accomplished the Power Purchase Agreements (PPAs) with Nepal Electricity Authority (NEA), for obtaining the generation license from the Government of Nepal, Ministry of Energy, Department of Electricity Development (DoED) and subsequently for funding arrangement of the projects.
OrganizationOrganization
Board of DirectorsTeams
Dr. Madan Kumar Uprety MBBS, MD
Chairperson of BoD
Dr. Madan Kumar Uprety as entrepreneur has been holding key position of Founder/President in Tesla Hydro USA, Inc (6 years)
Mr. Shyam Pd. Mainali
Project Director
Mr. Shyam Prasad Mainali has been contributing in the field of Philanthropy, as Volunteer Director of Mission Rebuild Nepal, a non-profit organization since 8 years.
Ms Manasi Uprety
Director
Ms Manasi Uprety has been currently studying Bachelor of Business Administration in James Madison University, Harrisonburg, VA,USA.
Executive Management Teams
Dr. Madan Kumar Uprety MBBS, MD
Chairperson of BoD
25 Year of Professional Experience of Overall project development, Management, Leadership, Control of Medical, Philanthropy, Construction Sector in USA and Nepal
Mr. Shyam Pd. Mainali
Project Director
30 Year of Professional Experience of Business Development and Social management
Er. Indra Bdr. Chand, Chartered Engineer, M Sc
Strategic Director
28 Year of Professional Experience of Strategic Planning, Construction Planning, Designing & Management Hydro Power and Water Resources Infrastructure, Project Monitoring
Dr. Prakash Dhungana, PhD
Project Manager
20 Year of Professional Experience of Hydropower: Construction management, supervision and design consultant. Expertise in project planning, scheduling and procurement.
Mr. Kumar Pokhrel, MA
Admin, HR & Logistic Manager
15 Year of Professional Experience of Admin, HR & Logistic Management
Design, Supervision & Management Support Consultant Teams
Er. Mani Raj Dahal
Technical Advisor
28 Year of Professional Experience of Hydropower: Investigation, Designing, Construction management, supervision and Project Management and Organization Management
Mr Narayan Paudel
Financial Management & Economic Expert/ Advisor
24 Year of Professional Experience of Financial Planning, Budget Preparation, Financial management, Economic Analysis of Hydropower and other infrastructure development project
Dr. Chhatra Bahadur Basnet
Hydro Power & Tunnel Expert/Team leader
16 Year of Professional Experience of Hydropower: Investigation, Designing, Construction management, supervision
Ghan Bahadur Shrestha
Dy. Team Leader
20 Year of Professional Experience of Geotechnical studies/assessments: site Investigations, Construction material assessment and survey
Er. Krishna Singh Mahara, BE
Resident Engineer
15 Year of Professional Experience of Hydropower: Supervision and Quality Control Management in India and Nepal
Er. Dinesh Silwal
Asistant Resident Engineer
12 Year of Professional Experience of Hydropower: Supervision and Quality Control Management in Nepal
Project Execution & Construction Teams
Anamika Prasai
Chair Person/CEO
15 Year of Professional Experience of Project Planning and project execution, banking and finance management of yearly turn over $20 Millions in USA
Ram Raj Koirala
Construction Manager
14 Year of Professional Experience of Hydropower Construction management and, supervision in Nepal
Suresh Joshi
Financial Manager/Account Manager
5 Year of Professional Experience of Financial Planning, Budget Preparation, Financial management, Auditing , inventory management, company legal managing of Hydropower and other infrastructure development project in Nepal
Bijesh Lal Amatya
Tunnel Construction In Charge
33 Year of Professional Experience of Construction supervision, quality control, site management, coordination with client/consultation for different Tunnel projects in Nepal and Quatar. Over dozens of projects
Mr Bhupal Shree Magar, DCE(Civil)
Construction Supervisor
10 Year of Professional Experience of Construction supervision, quality control, site management, coordination with client/consultation for different Hydro projects in Nepal
Rudra Shiwakoti
Social Mitigation officer
20 Year of Professional Experience of Logistic and Site Management of Mega Project in Nepal and foreign country