About Us

Our Mission

To establish power trade as a recognized business in Nepal along with establishment of Electricity Exchange in Nepal by facilitating power trade between sellers and buyers within Nepal and across borders.

PTEEL's mission will be to serve the general public , supplying reliable and regular electricity through Electricity Exchange in Nepal and creating electricity market, both inside and outside Nepal.

Our Vision

To develop PTEEL as a leading vibrant agency for power trade and electricity exchange in Nepal.

PTEEL's dream is to create a vibrant electricity market , that delivers quality and reliable power supply to the people of Nepal & establish a profitable venture for power sales to the neighboring countries.

Trading power for supply of reliable, affordable, electricity to the people inside Nepal and beyond.

Power Trade and Energy Exchange Ltd (PTEEL) was incorporated at the Office of Company Registrar of Government of Nepal in August 2020.

The objectives of PTEEL include, but are not limited to, power trading within Nepal and in the South Asian Regional Electricity Market, electricity origination business,

development of financial instruments for power trade, and ultimately, establishment of an electricity exchange in Nepal. business and industry.

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OUR OBJECTIVES
The company will deliver reliable, affordable electricity to the consumers.
The company will create electricity market both for domestic and cross border power trade.
The company will import electricity from South Asian Power Market, when needed, and export surplus energy to neighboring countries.
The company will deal with the sale and purchase of electricity through Electricity Exchange Centre.
The company also has the mandate to implement renewable projects for power generation.
The company will deal with all power trade related services.
STRATEGY

01

Licensing

To secure Approval/Trading License from Nepal Government for power trading inside Nepal and across the borders, PTEEL has already applied for power trading license in the Ministry of Energy, Water Resources and Irrigation (MoEWRI), through Department of Electricity Development (DoED).

02

Advocacy

To advocate for adequate transmission line network inside Nepal for cross border transmission line, Since adequate network of transmission line network is a must for wheeling of power, PTEEL will consistently advocate for expanded network of transmission line with adequate capacity.

03

Lobbying

To lobby for private sector supportive laws and regulations for hassle-free power trade/exchange Open Access Policy is needed to enable private trading companies like PTEEL to wheel power for trading purposes, through the transmission line network. PTEEL has been lobbying for private sector supportive Laws and Regulations, including for Open Access Policy.

04

Public Participitation

To ensure listing of PTEEL in Nepal’s Share Market, Listing of PTEEL in Nepal's share market will enhance the visibility of company, will have ability to raise further capital as and when needed, will have increased ability to borrow

CAPITAL
Authorized Capital
Capital

75 Crores

Distribution of
Equity shares

Founder Groups
26%
Financial Institutions of Nepal
15%
Insurance Companies
4%
FDI/Power Companies
40%
Public Shares
15%
Total
100%
TEAM

board of directors

Mrs. Prema Rajya Laxmi Singh

Chairperson
Mr. Ravi Bhakta Shrestha

Director
Mrs. Bhawani Rana

Director
Mr. Kuldeep Sharan Singh

Director
Dr. Sandip Shah

Director
Er. Suman Prasad Sharma

Independent Director

Management Team

Er. Pradeep Gangol

Chief Executive Officer
Mr. Bimal Prasad Dhakal

Legal Counsel
Mr. Prashant Pratap Shah

Energy Economist

Promoter Shareholders

Mr. Siddheshwar Kumar Singh

Founder and Former Executive Chairman – National Life and General Insurance Company Ltd.

Former Chairman – National Life Insurance Co Ltd.

Former Chairman – NLG Insurance Co. Ltd.

Former Chairman – ILFC Ltd.

Chairman – Apex, The Art of Living

Former President – Royal Nepal Golf Club, All Nepal Lawn Tennis Association

Vice President – Nepal Olympic Committee

Sports Personality & Businessman

Mrs. Prema Rajya Laxmi Singh

Chairperson, National Life Insurance Company Ltd. since 2008
30 years’ experience in insurance and corporate board of hotels and airline.
Former Executive member of FNCCI
Executive Member and GA Member – SAARC CCI
Member: FNCCI Members committee
Advisor: SCWEC
Advisor: FNCCI Film and Entertainment Forum.

Mr. Ravi Bhakta Shrestha

Chairman – I.J. Group Pvt.Ltd.
Chairman – Sibkrim Holdings Pvt. Ltd.
Chairman – I.J. Charitable Trust
Chairman – Malpi International College
Chairman – United Insurance Co.Ltd.
Promoter Director – Unilever Nepal Limited
Past President – Federation of Nepalese Chamber of Commerce and Industry (FNCCI)

Mrs. Bhawani Rana

Immediate Past President – FNCCI
Chairperson – India Nepal Business Forum
Senior member – Investment Board of Nepal and National Reconstruction Board, GoN
Director – National Life Insurance Co Ltd.
Major investment in hotels, tourism and finance

Mrs. Rama Rajya Laxmi Pande

Chairperson – Ramalaya
Entrepreneur and businessperson with corporate experience

Er. Kuldeep Sharan Singh

Electrical Engineer: Graduated from Banaras Hindu University, 1970
Joined Electricity Department, HMG,
Assistant General Manager: Eastern Electricity Corporation, Biratnagar
Project Manager in various High Voltage Transmission Lines and Sub Stations Projects of NEA
Managing Director: R. R. International Construction and Engineering Company.
Board of Director in National Life Insurance Company Limited.

Dr. Sandip Shah

Founder Member of IPPAN
Past President of IPPAN
Former Member – USAID’s SAREC Program
Senior Management & Executive positions in multi-national energy companies
CMD of Pashupati Renewables Pvt. Ltd.
Senior Technical Advisor to PTEEL Company

Mr. Bimal Prasad Dhakal

Legal Practitioner as an Advocate, especially in corporate matters.
Board of Director: Nepal Life Insurance Company, Limited

Mr. Dhakal has a Master’s Degree in Law from the Kathmandu School of Law and a Bachelor’s Degree in Law from Tribhuwan University, Nepal. He has been working as a Legal Practitioner and an advocate, especially in corporate matters. He is on the Board of Directors of Nepal Life Insurance Company. He is also the promoter shareholder of the Power Trade and Energy Exchange. Limited Company.

Nepal Investment Mega Bank Limited

Nepal Investment Mega Bank Limited is one of the leading commercial banks of Nepal. Previously known as Nepal Indosuez Bank Ltd., the bank was established in 1986 as a joint venture between Nepalese and Credit Agricole Indosuez.

 

https://www.nimb.com.np/

Shikhar Insurance Company Limited

Shikhar Insurance Company Limited is a leading insurance company in Nepal that provides a wide range of insurance products and services to individuals, businesses, and organizations. The company was established in 2001 and is headquartered in Kathmandu, Nepal.

Shikhar Insurance offers a variety of insurance products, including motor insurance, health insurance, travel insurance, home insurance, and business insurance. The company also provides specialized insurance products such as aviation insurance, marine insurance, and agriculture insurance.

 

www.shikharinsurance.com

Association Affiliation

Confederation of Nepalese Industries (CNI)

The Confederation of Nepalese Industries (CNI) is a non-governmental and non-profit organization established in 1962 to promote industrial and economic development in Nepal. CNI is the premier organization representing the Nepalese private sector and industry, with over 1,800 members from various sectors including manufacturing, trade, agriculture, tourism, and services.

 

https://cni.org.np/

Nepal-India Chamber of Commerce & Industry (NICCI)

The Nepal-India Chamber of Commerce & Industry (NICCI) is a non-profit organization that aims to promote and strengthen bilateral trade, investment, and economic cooperation between Nepal and India. It was established in 1992 and is registered under the Nepal Government’s Office of the Company Registrar.

 

https://www.nicci.org/

MoUs for Power Sales

Urja Developers Private Limited

Incorporated in June 2016 AD under the Company Act of Nepal, Urja has been able to establish a portfolio of hydropower projects with a cumulative installed capacity of over 375 MW. These projects are in various phases of development: some are in the feasibility study phase, some in the construction stages. Urja envisions harnessing 1 GW (1000 MW) hydropower potential in the country by 2030 AD; coherent with the plan and policy of the Government of Nepal.

 

https://www.urjadeveloper.com/

Pashupati Renewables Private Limited

Pashupati Renewables Pvt. Ltd. is a platform developing Hydro and Solar power projects in Nepal. We aim to successfully navigate investing in the energy sector of Nepal through organized, organic, and sustainable development.

 

https://www.pashupatirenewables.com/