[National Hydro Power Company Limited (NHPC) was established with the objective of developing small hydropower projects in Nepal. Initially NHPC was set up as a joint venture Company formed by Nepali owners and Lyse Kraft AS of Norway to develop its firs hydro project, the 7,500 kW Indrawati-III National Hydro Power Company Limited (NHPC) was established with the objective of developing small hydropower projects in Nepal. Initially NHPC was set up as a joint venture Company formed by Nepali owners and Lyse Kraft AS of Norway to develop its firs hydro project, the 7,500 kW Indrawati-III, in Sindhupalchowk District, in Central Nepal.]