Dibyashwari Hydropower Limited was established in B.S 2063/10/25 under The Companies Act, 2063. The company was converted into a public limited company on 2069/07/03. The basic objective of the company is to generate electricity through utilization of water resources abundantly available in the country. The company has its corporate office at Old Baneshwor-34, Kathmandu, Nepal.
The company under took the task of developing 4 MW project in Sabhakhola river at Dhupu VDC of Sankhuwasabha district at Eastern Development region as its first project. The PPA of 3300 KW i.e 3.3 MW was signed through Nepal Electricity Authority in 2068/11/17 and the project extend its capacity of generating electricity of 4 MW and did its amendment PPA of 4 MW in 2070/08/19.