Consequent to the reform in power sector in Odisha, Odisha Hydro Power Corporation Ltd. (OHPC) was incorporated in 21 st April 1995 under the companies Act 1956. Its objective are:

To acquire, establish, operate, maintain, renovate, modernize in the State of Odisha and else while hydro electric generating stations, thermal and nuclear electric generating stations and any other electric generating stations based on any non-conventional sources of energy.

To carry on the business of purchasing, selling, importing, exporting, producing, trading, manufacturing or otherwise dealing in hydro electric power, thermal and nuclear electric power based on any non-conventional sources of energy.

To study, investigate, collect information and data, review operations, plan, research, design, prepare feasibility reports, prepare project reports, diagnose operational difficulties and weaknesses and advise on the remedial measures to improve and modernize existing stations and facilitate and to undertake for and on behalf of others the setting up of hydro electric power plants, thermal and nuclear electric power plants and any other power plants based on any non-conventional source of energy.

The objectives incidental or ancillary to the attainment of the main objects are to acquire business / companies for carrying on business of electric power, to acquire know-how, to carry on consultancy services in any field of activity in which it is engaged, to act as an entrepreneur on behalf of the Central or any State Govt.