Sanjen Jalavidhyut Company Limited (SJCL), a company promoted by Chilime Hydropower Company Limited (CHPCL), is a public limited company established in 2010 AD with the objective of harnessing hydropower potential of the county with maximum participation of local people in the projects’ ownership and mobilization of local resources for the successful implementation of various hydroelectric projects. In the context of current annual growth in electricity demand in the country, the Company has planned to develop two hydroelectric projects, namely, Sanjen (Upper) Hydroelectric Project (14.8 MW) and Sanjen Hydroelectric Project (42.5 MW) in cascade, with its own equity and loan from financial institutions of Nepal as the first initiative.

Sanjen (Upper) and Sanjen Hydroelectric Projects are located in Chilime VDC of Rasuwa District about 160 km road head distance towards north of Kathmandu. The headworks site is located in Tiloche at an elevation of 2348.3 masl, Powerhouse of Sanjen (Upper) HEP is located at Simbu Village with an elevation of 2187 masl and Powerhouse of Sanjen HEP is located in Chilime Village with an elevation of 1745 masl.

The upper scheme is basically a run-of-river type with daily peaking facility of 1 hour 10 minutes and it generates annual energy of 82.44 GWh from the available gross head of 161.3m. The design discharge of the project at exceedance of Q40 is 11.07 m3/s.

The lower scheme is the cascade development of upper scheme so the water from the tailrace of upper scheme is directly utilized by the lower scheme that generates annual energy of 241.865 GWh from the available gross head of 442 m. On design discharge case, 0.50 m3/s discharge from Chhupchung Khola will be added to the intake/forebay of the lower scheme and therefore, the design discharge of lower scheme is 11.57 m3/s.

The total estimated project cost of these two projects is NRs 7,243,181,544 without financial cost. SJCL has planned to manage its total capital requirement for the construction of these two projects from debt and equity under debt equity ratio of 50:50 excluding IDC cost. For 100% of the debt part, a tripartite loan agreement among Employees’ Provident Fund (EPF), Chilime Hydropower Company Limited (CHPCL) and Sanjen Jalavidhyut Company Limited (SJCL) was made under long term loan arrangement on 8^th December, 2011. Equity investment of the company constitutes of 51% promoter share and 49% public share.

The commercial operation of Sanjen Hydro-electric project has started from October 8, 2023. The Power generated from this Project is being evacuated by 132kV single circuit transmission line linking it with the 11kV Transmission line under the Contingency plan, the 11kV transmission line (transmission line under the contingency plan) is connected to 66 kV transmission line of Chilime Hydropower Company.  After the completion of Chilime Hub the power evacuation of both the plants will be conducted through Chilime hub of NEA and then to the national grid via 220 kV double circuit line up to Trishuli 3B hub of NEA. A total of 324.31 GWh of electricity will be added into NEA Grid when both plants undergo in operation.

SHAREHOLDING COMPOSITION

Promoter Shareholder: 51%(NRs. 1,851,563,570)		General Public: 49%(NRs. 1,779,347,626)
Chilime Hydropower Company Ltd.	39.36%	Employees of Promoter Companies	3.5%
Nepal Electricity Authority (NEA)	10.36%	Employees of EPF	1.0%
DDC and 18 VDCs of Rasuwa District	1.28%	Contributors of EPF	19.5%
–		Project affected local people	10%
–		General public	15%

 

GRAPHICAL PRESENTATION OF SHARE STRUCTURE