Our Story

Uttar Bharat Hydro Power Private limited is earmarked to emerge as the most bankable name in the category of producers of renewable energy.

Consolidated under the Companies Act, 1956 on 22.11.1991 as M/s Jubilee Steels (P) Ltd, it was subsequently renamed Uttar Bharat Hydro Power (P) Ltd on 11.06.1996.

Uttar Bharat Hydro Power Private Limited is an independent producer of non-conventional energy, established to promote sustainable development through various projects. To name one, UBHP has set up three Small Hydro Power projects (SHP) on River Sarju, in Kapkot, Bageshwar district, Uttarakhand in the foothills of the Himalayas, with a total installed capacity of 33 MW.


To execute and operate renewable energy projects via best corporate governance and efficient contract management to create values for all stakeholders and enable sustainable development


To become a major contributor towards the national objective of being self-reliant in energy generation through sustainable and clean energy sources


Ethics, ownership and responsibility, discipline and commitment


Naresh Goel

Mr Naresh Goel is a first-generation entrepreneur who was fully involved in the conception of the group from the beginning. He has an extensive background in the field of plastic, steel & power industry.

1. For his excellence in leading various projects, he has been lauded with the Bharat Vibhushan Samman Puraskar in May 2015 by GLOBAL ACHIEVERS FOUNDATION.

2. Mr. Naresh Goel has also won the Rajiv Gandhi Samman Puraskar and the Jewel of India Award for Outstanding Achievements by the INDIAN SOLIDARITY COUNCIL.

3. Moreover, he received the Asia Gold Star Award and the Indian Achiever Award for Business Excellence by INDIAN SOCIETY FOR INDUSTRY & INTELLECTUAL DEPARTMENT in 2015 & 2016 respectively.

 His broad knowledge in Corporate Finance and Planning, Investor Relations, Risk Management and Taxation Strategy has led UBHP to greater heights since its inception.

Ambar Timblo

Mr Ambar Timblo, Managing Director, Fomento Resources is a man of vision and devotion.
He completed his schooling at Sharda Mandir, Goa followed by his high school education from Modern School, New Delhi. He graduated from the London School of Economics (LSE), UK with a degree in B.Sc - Economics in 1997.
After his graduation, Ambar joined Fomento Resources and is currently serving as the Managing Director.
Fomento Group is known for its operations in Mining, Mineral Processing, Logistics, Steel, Shipping, Energy, Hospitality and Media.