NWEDC Shines with Silver for Hydropower Innovation at Asian Power Awards 2024

237

Nepal Water and Energy Development Company (NWEDC) has been honored with the Hydro Power Project of the Year – Silver category at the prestigious Asian Power Awards 2024. This accolade recognizes the company’s exceptional achievements in sustainable energy and community engagement through its innovative EPIC process, which has set a new benchmark in Nepal’s energy development sector.

The award highlights NWEDC’s landmark initiative, the Upper Trishuli-1 (UT-1) Hydroelectric Project, a 216MW facility that is projected to supply 8% of Nepal’s power demand. With an estimated annual output of 1,456 GWh, the project is a game-changer in the country’s transition toward energy independence and economic growth.

Speaking on the achievement, Chanyeong Moon, Chief Finance Officer (CFO) of NWEDC, emphasized the project’s transformative potential:
“The Upper Trishuli-1 Hydroelectric Project showcases our commitment to not just generating energy but also creating a positive impact on local communities and ecosystems. This recognition reinforces our dedication to sustainable and inclusive development.”

The EPIC process—focusing on engagement, planning, implementation, and collaboration—has played a pivotal role in ensuring that the project aligns with both environmental and social priorities. Through innovative community programs, NWEDC has empowered local stakeholders, ensuring that the project delivers long-term benefits.

The Asian Power Awards, often dubbed the “Oscars” of the energy industry, celebrate outstanding contributions to the power sector across Asia. NWEDC’s Silver win cements its position as a leader in renewable energy innovation and community-driven development.