US EditionHydropower generation spikes by 11 percent in 2024
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Hydropower generation spikes by 11 percent in 2024
Electricity imports decline by Nu 1.05 billion Thukten Zangpo The country’s total hydropower generation increased by 11 percent, reaching 11, 699.68 gigawatt-hours (GWh) of electricity in 2024, up from 10, 534.75 GWh in 2023. However, Druk Green Power Corporation (DGPC) projects a slight decline to 11,335.5 GWh in 2025, excluding contributions from the Puna-II hydropower project. A DGPC official attributed the increase in 2024 primarily to the a…
BII extends US$15mn loan to Sanima Bank for Nepalese hydropower
British International Investment (BII), the UK’s development bank, has extended a trade finance loan agreement to develop renewable energy and manufacturing in Nepal. The US$15mn credit line goes to Nepal’s Sanima Bank, a commercial bank with a focus on socio-economic development, with 19% of its loan portfolio allocated to the sustainability sector. The funds will be used to support the construction of renewable energy plants and import of hydr…
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