Betan Karnali Sanchaya Karta Hydropower Company Limited (BKSHCL) was established on 7th May, 2017 (2074-01-24 B.S) as a public limited company under the Company Act, 2063 of Nepal as an initiative of the Karmachari Sanchaya Kosh (KSK), or the Employees Provident Fund (EPF) in English. The major shareholders of the company are the contributors of KSK (40% shareholding). Other shareholders include KSK (15%), Nepal Electricity Authority (10%) and Vidhyut Utpadan Company Limited (10%). The authorized and paid-up capital of the company are: Twenty Billion and Ten Billion Nepali Rupees respectively.
BKSHCL has obtained the Feasibility License of the 688 MW Betan Karnali Hydroelectricity Project (HEP) for development from the Ministry of Energy (currently Ministry of Energy, Water Resources and Irrigation) on 21/05/2017. It has initiated the preparation of Detailed Engineering (Project) Report (DPR) and Environment Impact Assessment (EIA) of the Project. NEA Engineering Company Limited have been appointed the project consultants for the above assignment.