Our Portfolio

Swet Ganga Hydropower & Construction Ltd

DIF II Investment

USD 3.5 Million

Investment Date

July 2017


Direct Jobs


Female Employment


Youth Employment

170.84 GwH/Yr

Power Production

162.298 MT

Annual Emissions Avoided

1,229,064.75 People

Electricity Provided to

6 KM

Access Road Constructed


Project Completion

Sanima Group, founded in 1999, initiated its hydropower journey with Sanima Hydropower Ltd, developing the Sunkoshi Small Hydropower Plant (2.6 MW). In 2005, Swet Ganga was established to achieve a cumulative total of 400 MW of hydro projects by 2030. Under the leadership of Sanima Group, Swet Ganga is developing the 28.1 MW Lower Likhu Hydropower Project (LLHP) in Ramechhap District, Bagmati Province.

Dolma Impact Fund invested USD 3.5 MN in ordinary equity, beginning in 2017. Facilitating non-recourse financing from local banks, Dolma played a pivotal role in setting ESG standards and implementing international practices. The company made history in 2022 as the first hydropower firm with foreign investment to be publicly listed on the local stock market, oversubscribed by 7.5x. Reserved shares for local residents amounted to USD 1.27 MN (NPR 159 MN), oversubscribed by 2.57x.

Commercially operational since Nov 2022, the company supplies electricity to Nepal Electricity Authority. Dolma, benefiting from a reduced lock-in period (1 year instead of 3), is positioned to sell shares in Q3 2023, contrasting with the 3-year lock-in period for general promoters.

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