how badly was the hydropower hit?
The recent floods in Nepal have severely impacted the hydropower sector. They caused damage worth Rs 74 billion to hydropower infrastructure, leading to a power outage of about 430 MW. In Myagdi, multiple hydropower projects were damaged, halting construction and disrupting power supply to the national grid. Overall, the floods inflicted massive damage amounting to Rs 1.34 trillion on various infrastructures, including hydropower. Despite direct damage to only about six listed hydropower projects, the sector experienced panic selling, dropping the sub-index by 65 points.
Sources
- (untitled)The Kathmandu Post
- Floods halt construction, damage hydropower projects in MyagdiNagarik News
- Floods cut 430 MW hydropower, Rs 74 billion damage hits NepalNagarik News
- Floods caused massive Rs 1.34 trillion damage to infrastructureOnline Khabar
- Floods damaged power plants, delaying hydropower output restorationNagarik News
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