Over half of licensed hydropower projects in Nepal show weak progress

Of 274 approved projects, 178 are below 25 percent completion, raising concerns over financing delays and regulatory compliance.

The 139.5 MW Lower Manang Marsyangdi Hydropower Project obtained its production license in 2018. Its Power Purchase Agreement (PPA) was signed in 2023, according to the Department of Electricity Development. However, the promoter, Butwal Power Company, has not yet been able to manage the investment required for the construction of the project.