Hydropower continues to dominate large-scale investments in Nepal, and some climate activists say the funding has continued despite known disaster risks. The Upper Trishuli-1 project, which has been all but destroyed after last week’s floods, was one of Nepal’s largest foreign direct investment ventures, valued at about $647m. Its backers include the Asian Development Bank…
Kathmandu, Nepal — Rescuers in Nepal pulled two workers alive from a hydropower tunnel Friday as emergency teams continued an operation to reach others believed to be trapped inside, officials said. The two men were rescued from the Trishuli 3A tunnel nine days after floods, likely caused by a glacier collapse, devastated towns and swept…
Dams have been emblematic of the World Bank’s approach to development for many decades. From the bank’s early years in the 1960s and 1970s, large-scale infrastructure projects such as dams, power plants and transport networks were central to its strategy for economic growth and poverty reduction. This reflected a top-down modernisation paradigm. But the controversial…
