Floods in Nepal Damage Nine Hydropower Plants, Country May Import Electricity from India
Floods in Nepal have damaged nine hydropower plants, resulting in a loss of 360 MW of capacity. This accounts for about 8% of the country's total generation. A 25 MW solar power plant and five under-construction projects with a total capacity of 390 MW were also affected. Hydropower provides over 90% of Nepal's total generation of 4,300 MW, so the destruction of hydropower plants is a significant blow. Nepal typically exports electricity to India in the summer and imports it in the winter. Last year, the country exported 600 MW and planned to increase exports by 500 MW this year. Repair crews are working to restore the facilities; however, Nepal is likely to be forced to seek imports from India to cover the shortfall. Flooding caused by a glacier collapse has submerged villages and destroyed infrastructure, claiming the lives of at least 300 people, with over 1,300 reported missing. Experts warn of increased vulnerability to extreme weather events due to the rapid construction of dams in the Himalayas.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Deripaska Halts Four Rusal Plants Due to $800 Million Losses

Russia Attacks Naftogaz's Kherson Thermal Power Plant, All Equipment Destroyed

Russia Strikes 'Zaporizhstal' Again with Five Missiles

Anthropic Signs $45 Billion Agreement with Nscale for AI Data Centers

ADATA Technology Plans Electronic Components Plant in Paraguay

Drones Attack Wildberries Warehouse and Nizhny Novgorod Oil Refinery

Andrew Kang's Shareholder Letter: Robotics Investment Reaches a Turning Point, Private Valuations Still Severely Lagging

Condensate Oil Refinery to Export Up to 70% of Fuel to Russia

Analysis of Mining Machine Asset Depreciation and Tax Cost Recovery

Trump Says U.S. Urgently Needs Canadian Aluminum, Plans to Build Aluminum Plant to Address Trade Dispute

Hanwha Establishes Hanwha Horizon USA and Integrates LNG Business in the U.S.

Maximum Power Demand Reassessed at 158.4 Gigawatts for 2040

Hanwha Ocean Expands AI Welding Application to 67% and Targets U.S. Naval Market

Vinteum Celebrates Four Years and Reflects on Achievements

Apple TV+ Raises Price for the 4th Time: What's Behind It

Mounjaro Receives Cardiac Approval from the FDA: What It Means for Eli Lilly

GDP, Debt, Rates: Is France Heading Towards Recession?

Cedears: ETFs Replicating Soybeans and Corn to Be Added to the Market

Spot Trading on Decentralized Exchanges Reaches 13.6%, Sparking Debate on DeFi Governance

Intense Battle in the Sejm Over Presidential Veto. Czarzasty Strongly on Cryptocurrencies and 'Mafia Activities'

Walmart Reaches Settlement with U.S. Over Opioid Lawsuit

Cyberattack at Lingor: Identity Documents, IBANs, and Addresses of Gold Buyers Exposed

JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction

A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%

Coinbase: "Finance Was Built for People Who Sleep"

Beyond the rally: 4 Trends to watch this cycle

Aging is not linear: cells go through coordinated stages of deterioration

Export Tax on Oil Suspended by Court

The $37 Billion Tokenization Boom Has an Ownership Problem





