Jagdulla Hydropower Company Limited (JHCL) is established as a subsidiary company of Vidhyut Utpadan Company Limited (VUCL) in 2017 to develop Jagdulla Peaking Run-of-River Hydroelectric Project (JHEP). The company has incorporated shareholders afterwards and the current shareholders are Vidhyut Utpadan Company Limited (VUCL), Hydroelectricity Investment and Development Company Limited (HIDCL), Nepal Electricity Authority (NEA), Karnali Province and Jagdulla and Mudkechula Rural Municipality.

The project site is located 750 km west of Kathmandu on Jagdulla River near Jagdulla Rural Municipality of Dolpa District in Karnali Province.