In October 2006, Butwal Power Company Limited (BPC) and Lamjung Electricity Development Company (LEDCO) had an understanding to develop Nyadi Hydropower Project (NHP) together. According to this understanding, a new company named as “Nyadi Hydropower Limited” (NHL) was established to develop Nyadi Hydropower Project in the consortium of the Butwal Power Company (98.19%) and the Lamjung Electricity Development Company Limited (1.81%). The project is being developed by Nyadi Hydropower Limited with BPC as the major stakeholder.
In FY 2078/79, Nyadi Hydropower Limited made a public issue of 4,050,000 shares to Project Affected Locals and General Public amounting NPR. 405 Million. After the public issue, the Capital structure has been changed with Promoter's holding- Butwal Power Company (71.19%) and the Lamjung Electricity Development Company Limited (1.81%). Similarly, Employees of Promoter's Sharholder(2%), Project Affected Locals & Locals of Lamjung District(10%) and General Public(including company's employee)(15%).