The Peoples Hydropower Company Private Limited (PHCL) was established on Ashwin 22, 2064 (Oct 09th, 2007) under the Company Act 2063 of Nepal as a private company and later converted into Public Limited Company on 15 Falgun 2075. The proponents of the Company include different person from multidisciplinary sectors interested in hydropower development. The main objective of the company is to develop Hydropower Projects in Nepal. In Feb 27, 2019, the company is transformed from private to public limited as per the Company Act 2006 BS. Till date total shareholders of the Company is around 2,458. The authorized & issued capital of the Company is NRs. 3 Arab 20 Crores.