The Molung Khola hydropower Project is located in Okhaldhunga district, Sagarmatha Zone in the Eastern Development Region of Nepal. The project area spreads at Harkapur, Prapcha and Baruneshwar VDCs of Okhaldhunga district.

Molung Hydropower Company Ltd. was formed on 31st Baishakh 2067 (14 May 2010). Molung Hydropower Company Pvt. Ltd. has acquired Generation license from Government of Nepal, Ministry of Energy on 02 Ashoj 2071 (20 September 2019), which is valid till 01 Ashoj 2106 (September 2054) for installed capacity of 7000 KW generating annual energy of 35.73 GWh with dry energy 5,825,606 kWh and wet energy 29,903,599 kWh.