Performance Report
Progress made during last 5 Years
Source of fund and investment (In ‘000)

Investment Portfolio (In ‘000)
| S.No. | Investment | Investment Amount | % Holding |
| 01. | Citizen Life Insurance Co. Ltd. | 30,000 |
0.8% |
02. |
Chhaya Devi Complex Pvt. Ltd. |
60,039 |
5.15% |
03. |
Feedback Infrastructure Services Nepal Ltd. |
7,840 |
49.00% |
04. |
Nepal Power Exchange Ltd. |
5,000 |
5.00% |
05. |
M. Nepal Pvt. Ltd. |
3000 |
3.00% |
06. |
ICRA Nepal Ltd. |
800 |
4.00% |
07. |
Mandu Hydro Power Ltd. |
105,423 |
7.73% |
08. |
Citytech Group Pvt. Ltd. |
8,046 |
2.44% |
09. |
Tundi Power Co. Pvt. Ltd. |
48,500 |
5.13% |
10. |
Nilgiri Khola Hydropower Ltd. |
100,000 |
3.16% |
11. |
Himalayan Re-insurance Ltd. |
10,000 |
0.14% |
12. |
Leadership Academy Nepal |
657 |
26.30% |
|
Total |
379,305 |
|
Status of Major Investments
Chhayan Devi Complex
Chhaya Center is a Tourism project comprising of Multi Complex and Hotel located at Thamel. This project
consists of a five star hotel, three QFX Cinema Halls, seven specialized restaurants, spacious Food Court, more
than 250 shops, office spaces, art gallery, disco theque, banquet and conference halls, 350 cars parking facilities
etc. This project is a landmark assets in Kathmandu.
Feedback Infrastructure Services Nepal Ltd.
Feedback Infrastructure Services Nepal Ltd. (Feedback Nepal) was established to provide consulting,
engineering and operation & maintenance services to the energy, transportation and realty sectors. With a
mission of Unlocking Infrastructure Potential, Feedback Nepal endeavours to foster the infrastructure
development in Nepal. In last five years of establishment, Feedback Nepal – a trusted address for “Concept to
Commissioning” of infrastructure projects has already been engaged by over 20 different valued clients from
within Nepal, India, Finland and China. Feedback Nepal is currently working on Detailed Engineering Design &
Construction Drawings of 109 MW RoR project and Detailed Engineering Design, Construction Drawings &
Construction Supervision of high head hydropower project amongst other consulting assignments.
ICRA Nepal Ltd
ICRA Nepal is the first and only Credit Rating Agency to be established in Nepal. This Company has been
established under the joint venture agreement between Himalayan Infrastructure Fund Limited and ICRA Ltd.
India, which is an associate company of Moody's. ICRA Nepal Ltd got its license from Securities Board of Nepal
and has started credit rating services from March 2013.
Mandu Hydro Power Ltd
Mandu Hydropower Ltd. is a Hydro Project with capacity of 22MW of electricity generation. It is joint project with
Sichuan Hechuan Co. Ltd. (SHIC) Chengdu, China. This Project is located at Bagmati River, IPA, Panchakanya
VDC, Mankwanpur District, Bagmati Zone, Nepal. This project started commercial operation from 1 st April 2019.
Tundi Power Company
Tundi Power Co. was established to construct two power projects situated at Rahughat River in Myagdi district,
Dhaulagiri Zone, Western Development Region of Nepal with a total capacity of 84MW. Upper Rahughat
Hydropower is located downstream with a capacity of 48.5 MW and Rahughat Mangale Hydropower is located
upstream with a capacity of 35.5MW. This project is currently under construction with majority shareholder from a
Chinese investment company namely Sichuan Ji An Tai Energy Development Company Limited.
Nilgiri Khola Hydropower
Nilgiri Khola is located at Narchyan, Myagdi District, Western Development Region of Nepal with power
generation capacity of Nilgiri Khola project 38MW and Nilgiri Khola Cascade II project 71MW. Nilgiri Khola
Hydropower Ltd. (NKHPL) has completed its project Nilgiri I (NI) and Nilgiri II (NII) and started generation. NII
project started its commercial operation from 06th April 2024 and NI project started its commercial operation from
5th August 2024.
Citizen Life Insurance
Citizen Life is one of the fastest growing life insurance companies in Nepal. It started its operations on October
19, 2017 (Kartik 02, 2074) after Nepal Beema Pradhikaran, the Insurance Regulatory Authority of Nepal,
awarded it the operation license on August 23, 2017 (Bhadra 07, 2074). The company is listed in Nepal Stock
Exchange.



