Economy

Severe floods in eastern Nepal cause extensive damage to hydel projects worth Rs 8.5 bn

KATHMANDU: The recent floods in Taplejung, Panchthar, Sankhuwasabha, and Bhojpur districts of Eastern Nepal have wreaked havoc on a total of 30 hydropower projects, resulting in damages amounting to Rs 8.5 billion. According to the Independent Power Producers’ Association, Nepal (IPPAN), the floods that occurred on June 16 and...

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