Star Hydro Power Limited (SHPL) is an Independent Power Producer (IPP). It has invested in, and developed 147 MW run-of-river Patrind Hydropower Project (the Project) on river Kunhar near village Patrind, District Muzaffarabad of Azad Jammu & Kashmir (AJ&K). The Project is now in operation and is generating electricity for Pakistan's national grid. The Project has been 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.