Peoples Energy Limited (PEL), previously Peoples Hydro Co-operative Ltd., is established with the objective of generating hydroelectricity through optimum utilization of resources in Nepal. The concept of the company came from a meeting with few investors in Kathmandu under the coordination of Mr. Krishna Acharya in 2065 BC.

The main objective of the company is to mobilize the investment from all the Nepalese settled inside and outside of Nepal. This company encourages local people, farmers, social workers, engineers, doctors, professionals, employees from government and private sectors, cooperatives, business houses, companies, NRNs, and Nepalese who are working outside Nepal.

PEL is developing Khimti-II Hydroelectric project with the capacity of 48.8 MW in Khimti Khola at Rammechhap and Dolekha districts of Nepal as the first leading Hydropower Power from the company. The estimated total cost of the project is NPR 8,650 million (based on the feasibility study report, 2075).