Star Hydro Power Limited (SHPL) is an Independent Power Producer (IPP). It is setting up the 147 MW run-of-river Patrind Hydropower Project on river Kunhar near the village of Patrind, District Muzaffarabad of Azad Jammu & Kashmir (AJ&K). The project is being developed under the Government of Pakistan's Policy for Power Generation Projects, 2002 on BOOT basis with a concession period of 30 years.
SHPL was incorporated in April 2006 as a public limited company to develop and implement the project. Korea Water Resource Corporation (K-water) and Daewoo Engineering & Construction Company are the sponsors of SHPL, having acquired 100% shareholding in the company through their special purpose Singapore based investment vehicle, KDS Hydro.
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