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Nepal floods threaten Upper Trishuli hydropower projects

9/5/2026

13 3 Full Breakdown

Summary

Story summary

Floods nearly destroyed Nepal’s Upper Trishuli-1 hydropower project.
Himanshu Thakkar of the South Asia Network on Dams said lenders knew the extreme danger.
Asian Development Bank and International Finance Corporation backed the $647 million project.
Upper Trishuli 3A, also severely damaged, received financing from China’s Export-Import Bank.
Insurers have paid about $40 million for flood damage to more than 20 private plants.

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Story summary

Floods nearly destroyed Nepal’s Upper Trishuli-1 hydropower project.
Himanshu Thakkar of the South Asia Network on Dams said lenders knew the extreme danger.
Asian Development Bank and International Finance Corporation backed the $647 million project.
Upper Trishuli 3A, also severely damaged, received financing from China’s Export-Import Bank.
Insurers have paid about $40 million for flood damage to more than 20 private plants.