Kriti Venture Fund Ltd.
TEAM Ventures Pvt. Ltd. is a majority institutional shareholder of Kriti Venture Fund, which is a limited liability company established to mobilize the domestic fund in productive sectors of Nepalese economy. Incorporated in the form of an alternative investment fund, it promotes institutional investment in energy/infra, manufacturing, health, education, tourism, and agricultural sectors.
KVF is dedicated towards maximizing the value for unit-holders of the fund by taking strategic long-term investment decisions in investment portfolio companies, also assuring the timely exit from those investments.
The board of KVF comprises five members and the board is chaired by Mr. Sonam Lama, Chairman of TEAM Ventures Pvt. Ltd.
Projects under Kriti Venture Fund Ltd.
Project A: Upper Sangye Hydropower Ltd.
Upper Syange Hydropower lie at Taghrin VDC of Lamjung District in Nepal. Upper Syange Hydropower is sourced from Syange Khola, which originates from Sundar Dada with the highest elevation of about 4,330-m amsl and flows from West to East before its confluence with Marshyangdi River.
Project B: HIDI Khola Hydropower Project
White Lotus Power Pvt. Ltd. (Registration No. 182474/074/075) is a private limited company duly incorporated under the laws of Nepal, having its registered office in Kathmandu -10, Babarmahal, New Baneshwor through its CEO/Director Ms. Suman Kumari Joshi.
Currently, the company is developing a 6.82 MW Hidi Khola Hydropower Project in Hidi Khola, Lamjung District. The Project Company has obtained the license for the construction of the project and consultants have conducted feasibility study and currently discussion with different prospective banks are ongoing. The detail design is ongoing under hydro consultants and the final Geo investigation work is ongoing at site.
The proposed Power Capacity of the project is 6.82 MW and the total annual contract energy proposed for PPA is 41.18GWhr. Annual Dry Season Energy is estimated at 13.38 GWhr, i.e. 32% of total annual energy estimation, and Annual Wet Season Energy is estimated at 27.79 GWhr, i.e. 68% of total annual energy estimation.
Project C: Dhoban Khola Hydropower Project
Upper Syange Hydropower Limited – Project A of Kriti Venture Fund Ltd. is developing Dobhan Khola Hydropower Project which is a RoR type project located in Dharche Gou palika, ward no.1 Hulchuk village, Gorkha district, Province no. 4, Central Development Region of Nepal. Dobhan Khola is one of the tributaries of Budhi Gandaki River which joins the Budhi Gandaki river at the Dobhan village about 4.5 Km downstream of the proposed intake site of the project.
The Project Company has obtained the survey license for the construction of the project and a team of engineers, hydrologist and geologist conducted a field visit to conduct feasibility study.
Project D: Clean city vehicle service center project
Clean City Vehicle Service Ltd. is a public limited company incorporated to provide auto servicing Currently, Shareholders are Kriti Venture Fund Limited, Shikhar Insurance Company Limited and Swoyambhu Raj Shakya. Several non-life insurance companies are also interested in the venture. Mr. Sonam Lama (Chairman) and Mr. Deepesh Kumar Vaidya would represent Board members on behalf of Kriti Venture Fund Limited in the company.