Flood-hit Rasuwagadhi Hydropower’s cumulative loss reaches Rs 2.87 billion
Summary
Rasuwagadhi Hydropower Company’s cumulative losses have reached Rs 2.87 billion as repeated floods and prolonged shutdowns continue to strain its finances. The 111 MW project in Timure, Rasuwa remains offline after the August flood caused extensive damage and disrupted access to the site.
Key Points
- Rasuwagadhi Hydropower Company reported a net loss of Rs 415.7 million in the first quarter of FY 2026/27 after flood damage and shutdowns hit operations.
- The project’s accumulated losses have climbed to Rs 2.87 billion, with total equity reduced to Rs 3.96 billion and debt liabilities remaining high.
- A flood on August 26, 2026 destroyed major infrastructure at the Timure, Rasuwa project site, including the headworks, buildings, vehicles and transmission towers.
- Reconstruction costs have been revised up to Rs 2.93 billion, while the insurer has so far paid only Rs 6.75 million in advance compensation.
