216 MW Upper Trishuli-1 Hydropower Project Launches in Nepal
The dam project is at Haku village of Amachhodingmo Rural Municipality-1 whereas the underground powerhouse is situated at Uttargaya Rural Municipality in Rasuwa district.
September 13, 2023. By EI News Network
The underground powerhouse is located in Uttargaya Rural Municipality in Rasuwa district, while the dam is in Haku Village in Amachhodingmo Rural Municipality-1.
The 216 MW project, which is being created for domestic consumption with FDI from a Korean company, had its foundation stone placed by Nepal's energy minister, Shakti Bahadur Basnet.
According to Basnet, “Under this programme, we aim to produce electricity in the range of 25,000MW-30,000MW of electricity by 2035.”
The minister said, “Several projects with a combined capacity of around 5000MW are under construction.”
He stated that within the next twelve years, Nepal's own electricity demand is anticipated to reach 15,000MW. Other than the advancement of hydropower projects, the guide will likewise include building required transmission and circulation offices and institutional changes.
According to the Nepal Electricity Authority, the country’s existing electricity production capacity is approximately 2,800MW.
Minister Basnet stated during the groundbreaking ceremony that the government is producing a cost-effective project to attract both domestic and foreign investors and to advance Nepal's economic growth through hydropower projects.
According to Hau Chun Kim, CEO of South-East Power, the project's development would be essential to achieving economic success by exporting more power to the neighboring countries and mitigating the effects of climate change.
Nine international financial institutions have agreed to provide USD 453.2 million toward the project's estimated total cost of USD 647.3 million.
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