Ban Jhakri Falls and the surrounding Energy Park were established relatively recently, opening in 2005. The park's design draws heavily upon local Sikkimese and Nepali folklore, specifically relating to the Ban Jhakris, traditional shamanic healers. The statues and structures throughout the park depict these beliefs and practices, as well as various myths and legends. While the waterfall itself has always been a natural feature of the area, the park's development has transformed it into a culturally significant and engaging tourist attraction, offering insights into the rich traditions of the region.