Sunday 17th October 2021

Monsoon Floods Wreck Hydropower Projects, Inflict NPR 10 Bn Loss!

The financial loss was attributed to the damage caused to the powerhouses, dams, transmission line poles, and connecting roads.
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Monsoon Floods Wreck Hydropower Projects, Inflict NPR 10 Bn Loss!

The Himalayan country has been devastated by the floods and landslides induced by heavy rainfall with the onset of monsoon in the last week.

Apart from causing loss of human life, the floods have caused severe damage to infrastructure and property.

According to the Independent Power Producers’ Association, Nepal (IPPAN), the monsoon-induced hazards have wrecked many hydropower projects, causing around NPR 10 billion loss.

 

The financial loss was attributed to the damage caused to the powerhouses, dams, transmission line poles, and connecting roads.

The Super Madi Hydropower Project is the most affected infrastructure, informed IPPAN President Krishna Prasad Acharya.

Independent Power Producers’ Association, Nepal (IPPAN)

The IPPAN has urged the Nepali Government to draft a high-level mechanism, comprising officials from the Ministry of Home Affairs, Finance, and Energy, to calculate actual damages to the hydropower projects.

The Association has also requested Nepal Electricity Authority to act swiftly to safeguard its substations and prevent possible disruption in electric supply.

Stay Tuned to NepaliSansar for Latest Nepal Monsoon News!


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