active · Livelihoods

Upper Trishuli-1

The Project is expected to have positive impacts at both a sector and project level: (i) Demonstration effect: First, UT1's PDA and PPA are expected to become model project documents for FDI in Nepal's hydropower sector. Second, efforts on managing cumulative impacts, impact on aquatic habitat and benefit sharing through local share ownership are expected to set a sustainable benchmark for future hydropower development. (ii) Increased electricity generation: The Project is expected to supply baseload power for domestic consumption of 1,446 GWh per year to reach about 9 million people and reduce dependence on power imports. A large share (nearly 40%) of UT1's output is expected to be in the dry season, which includes the peak winter demand months. (iii) Climate change mitigation and adaptation: The Project includes substantial capital expenditures for design elements that improve the Project's resilience to potential climate change impacts. (iv) Benefits to local economy and livelihood: The Project's benefits include construction-phase employment of 1,100 workers, a local skills training program, 0.5% of Project costs for community development, up to 10% of Company shares offered to Project Affected People, and 20 kWh of monthly free rural power given to nearby/eligible households.

USD 113.1M budget ·USD 0 disbursed ·International Finance Corporation implementer ·Nepal location ·Oct 25, 2022 – — timeline

Overview

About this project

The Project is expected to have positive impacts at both a sector and project level: (i) Demonstration effect: First, UT1's PDA and PPA are expected to become model project documents for FDI in Nepal's hydropower sector. Second, efforts on managing cumulative impacts, impact on aquatic habitat and benefit sharing through local share ownership are expected to set a sustainable benchmark for future hydropower development. (ii) Increased electricity generation: The Project is expected to supply baseload power for domestic consumption of 1,446 GWh per year to reach about 9 million people and reduce dependence on power imports. A large share (nearly 40%) of UT1's output is expected to be in the dry season, which includes the peak winter demand months. (iii) Climate change mitigation and adaptation: The Project includes substantial capital expenditures for design elements that improve the Project's resilience to potential climate change impacts. (iv) Benefits to local economy and livelihood: The Project's benefits include construction-phase employment of 1,100 workers, a local skills training program, 0.5% of Project costs for community development, up to 10% of Company shares offered to Project Affected People, and 20 kWh of monthly free rural power given to nearby/eligible households.

Progress

0%
  • Plan
  • Implementation
  • Outcomes

Alignment

SDG focus

No SDGs tagged.