The 53.5-MW Upper Myagdi-1 Hydropower Project—located in Dhawalagiri and Malika rural municipalities of Myagdi—has achieved 30 percent physical progress. Project Chief Jyoti Kumar KC reported 30.94 percent physical and 30.80 percent financial completion within one year. Construction crews are excavating tunnels from four points, completing 2,360 meters out of the total planned 5,789.71 meters. The plant aims to begin generating electricity by 2027. The Rs 11.232-billion investment is backed by Upper Myagdi Hydropower Limited, a consortium of six banks led by Sanima Bank, and public shareholders.
