CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Floods cause loss worth Rs 2 billion in hydro projects

CEO Tab by CEO Tab
July 7, 2023
in Prime News
0
Floods cause loss worth Rs 2 billion in hydro projects
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Massive floods caused by torrential rains on June 17 this year caused damages to two large hydropower projects at the Indrawati River and Kabeli River, resulting in a loss of approximately Rs. 2 billion. 

You might also like

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

According to the promoter companies, the floods have inflicted damages to dams of the projects, pipelines as well as transmission lines and powerhouses. 

Three hydropower projects constructed at the Indrawati River and the Kabeli River flowing along the border of Taplejung and Panchthar districts have been damaged by the landslide. 

The 9.9-megawatt Inwakhola Hydroelectricity Project at the Indrawati River has suffered a loss worth Rs. 750 million, according to the Executive Director of the project, Kubera Mani Nepal. 

Nepal, who is also an executive member of the Independent Power Producers Association (IPPAN), said that the floods have damaged the dam of the Inwakhola Hydroelectricity Project. Similarly, he informed that about one kilometre of the pipeline was damaged by the landslide while the powerhouse and other structures were also damaged. 

According to him, there is no condition to start the reconstruction work until the end of the rainy season. 

Similarly, the floods caused huge damage to the 25-megawatt Kabeli ‘B-1’ Hydropower Project, promoted by Arun Kabeli Power Limited. 

According to Dinesh Neupane, site in-charge of Kabeli ‘B-1’, the damage at various structures of the project is estimated worth around Rs. 500 million. 

He said that the flood damaged the dam structure of the project the most. Likewise, about one hundred metres of pipelines is completely damaged and other structures including the pipes of the powerhouse were damaged by the landslide.

Similarly, it is estimated that the damage of 10-megawatt Kabeli ‘B-1’ cascade hydroelectric project due to the destruction of various structures by the landslides is worth about Rs. 600 million. According to Dilli Subedi, Public Relations Officer of the project, the floods have damaged about 500 metres of pipelines, powerhouses and transmission line poles.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

by CEO Tab
October 15, 2026
0
Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

Nepal Rastra Bank’s report for the first two months of fiscal year 2026/27 shows rising inflation alongside improvements in remittance inflows, foreign trade, the current account and foreign...

Read more

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

by CEO Tab
October 15, 2026
0
NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

The Nepal Stock Exchange (NEPSE) gained 4.67 points on Thursday to close at 2,625.93, extending its rally to six consecutive trading days. Daily turnover rose slightly to Rs...

Read more

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

by CEO Tab
October 15, 2026
0
Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

Banks and financial institutions (BFIs) have increased lending against shares as collateral, with outstanding loans reaching Rs 167.85 billion by mid-September 2026, according to Nepal Rastra Bank (NRB)....

Read more

NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

by CEO Tab
October 15, 2026
0
NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

The Nepal Telecommunications Authority (NTA) has fined 14 internet service providers Rs 50,000 each for violating approved service packages, overcharging customers and failing to inform users about changes...

Read more

NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

by CEO Tab
October 14, 2026
0
NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

The Nepal Stock Exchange (NEPSE) rose by 21.32 points to close at 2,621.26 on Wednesday, while daily turnover declined to Rs 4.13 billion from Rs 4.73 billion on...

Read more
Next Post
Water released for testing canal of Mahakali Irrigation

Water released for testing canal of Mahakali Irrigation

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.