Major new hydro plant for Nepal
A consortium of lenders – including the International Finance Corporation (IFC) – have finalised a $453mn debt financing package to construct a new hydroelectric plant in central Nepal.
The 216 MW Upper Trishuli-1 Hydropower Project will be built some 70 km north of Kathmandu and is set for completion in 2024. Once built, it will increase Nepal’s electricity supply by one third from today’s levels.
The new plant will provide clean, reliable power to nine million people in the country, helping to alleviate the blackouts and brownouts currently experienced across Nepal.
Nepal’s rivers, fed by runoff from the Himalayan Mountains, could supposedly support 43 GW of electrical generation capacity. But less than 3% has so far been developed. According to the IFC, the country is the world’s second richest in terms of inland water resources. Pictured is the 50 MW Upper Marsyangdi Hydropower Project in the Annapurna Region.