The Peoples’ Hydropower Company Limited (PHCL) was established on Ashwin 22, 2064 (Oct 09, 2007) under the Company Act 2063 of Nepal. The proponents of the company include a different person from a multidisciplinary discipline, who are interested in hydropower development from the private sector. The main objective of the company is to develop Hydropower Projects in Nepal. The PHCL is now transformed into a Public Company on Feb 27, 2019, as per the Company Act 2006.