Arun Valley Hydropower Development Company Limited was established to develop and build power project in 1997. The company floated 30% of its share to public. This is the first hydropower company in Nepal to float its share in premium value. After the public participation, there are 28584 shareholders within the company. The total shares of the company are listed in the stock since 2009.
First project of the company has been built in Piluwa Khola hydro power project of 5MW and the second is Ridikhola small hydropower project of 2400KW. Both the project are in operation.
There are few more projects being studied and in the process of construction. The company is also planning to develop multi-purpose projects that will include any combination of hydro, irrigation, drinking water, flood control, fishery, and so on. We are also interested to develop a storage type project to meet the peaking energy demand and low head projects in the infrastructure access location.
The company is also seeking other business that supports hydropower project development. The company has invested Rs. 40 million in promoter share of Janata Bank Nepal Limited, a large capital commercial bank of Nepal. The company has participated in bidding process for establishing cement industry in Nepal.