Investment pledges in hydro projects drop



commitment in have declined this fiscal year compared to that of last fiscal year.

According to the Department of , a total of 13 projects have been registered in the first five months of the current fiscal year. Meanwhile, during the same period of previous fiscal, a total of 22 projects had been registered.

According to the department, the 13 registered hydropower projects will have total installed capacity of 300 MW and investment worth Rs 53.63 billion.

The department has stated that the inquiries for the registration are quite high, however, due to the COVID-19 pandemic, the registration has been affected.

Among the total registered projects, 10 projects will generate more than 10 MW in five months of the year. Of them, the biggest one — worth Rs 13.57 billion — will be constructed at Makalu Rural Municipality of Sankhuwasabha district.

Similarly, a Rs 10.31 billion hydropower project will be built in Myagdi district, while a project worth Rs 5.76 billion will be constructed in Makwanpur. Likewise, a project worth Rs 4.69 billion in Sotang Rural Municipality and a project worth Rs 4.7 billion in Mahakulung Rur

Read the full story on The Himalayan Times

Read Previous

Coronavirus hits Christmas holiday plans across Europe

Read Next

Private sector wary about recent developments

Got any Comments/ Questions?