Arun Valley Hydro power Development Company was established in 1997 under the Company Act of Nepal as a private limited company. It has been made public company in 2005. The promoters which consists of 82 individuals hold 70 % and the general public owns 30 % shares in the company. After the public participation the strength of shareholders of the company increased to 28584. The shares of the company has been listed at NEPSE from 2009.
At present, Arun Valley Hydro power Development Company is managing Piluwa khola Hydro power Project (3MW). Commercial operation of its first project Piluwa khola Hydro power Project has started from September 2003.
This company is also promoting other hydro power company. Other hydro power project in which Arun valley hydro power development company is involved are a) Ridi khola Hydro power Project (2.4 MW)- in operation b) Kabeli-B1 Hydro power Project (25MW) under feasibility study c) Kabeli-B1 Hydro power Project (25MW) d) Lower Pheme khola Small Hydro power Project (3.5 MW) – Under PPA e) Upper Khimti khola Small Hydro power Project (12MW) – Under PPA.
The company has recently completed annual General Meeting for the fiscal year 2069-70. It has approved 15% stock dividend along with 0.75 cash dividend.