The foundation laying of the 216 MW Upper Trishuli-1 (UT-1) Hydropower Project signals an acceleration in construction pace. Korean and Nepali investors have significantly invested in the project, which is set to generate power by December 2026. UT-1 is a distinct undertaking, receiving considerable contributions from multilateral agencies like IFC, ADB, AAIB, and Exim Bank of Korea, the IFC being a shareholder. Near the main power distribution hub of the Kathmandu Valley, UT-1 is positioned to fortify the electricity supply in Kathmandu. This project marks the biggest hydropower investment made by Korean companies, succeeding two prosperous hydropower endeavors of 30 MW and 12 MW in Gandaki province by the Korean government.
By A Correspondent Oct 01, 2023