Kathmandu. Nepal Life Insurance Company (NLIC) has invested in shares of 22 hydropower companies as of mid-July of the last fiscal year.

The company has invested in 2,163,537 units of shares of 22 companies. The total cost of the shares is Rs 1.07 billion. The average cost per share is Rs 495.51.

The company has invested in 22 different companies and has invested the highest amount in Rasuwagadhi Hydro. Rasuwagadhi Hydropower Company has purchased 5.78 lakh units of shares. This company is also the first in terms of cost amount. The total cost of the company is Rs 23,79,62,265.

The company has invested in 1,70,889 units of shares of United IDI Mardi RB Hydropower Company worth Rs 11,65,56,691.

Similarly, the company has invested Rs 5,78,38,071 in 2,18 units of shares of Api Power Company. The company has invested Rs 6,539,313 in 7,557 units of shares of Mandu Hydropower.

The company has invested Rs 1,07,20,55,537 in 2,163,537 units of shares of 22 companies. Although it has invested in 22 companies, the returns are very low. Out of the 22 companies invested, only eight companies have paid dividends. The remaining 14 companies have not paid dividends.

Chilime Hydropower, Opi Power Company, Mountain Energy Nepal, Ngadi Group Power, United IDI Mardi RB Hydropower, Universal Power and Hydro Electricity Investment Development Company are among the companies that have paid dividend to the shareholders. The rest of the companies have not paid dividends.

Among the hydropower companies that have not paid dividend, Bhotekoshi Hydropower Company, Maikhola Hydropower, Mountain Energy Hydro, Molung Hydropower, Rasuwagadhi Hydropower, Peoples Hydropower, Himalayan Power Parton, Radhi Hydropower Company, Sanima Mai Hydropower, Mandu Hydropower, Sanima Middle Tamor, Panchthapar Power and CEDB Holdings have not paid dividend.