AmarnepalBudget Analysis
ProposedExpected 2032

Upper Marsyangdi-2 Hydroelectric Projectमाथिल्लो मर्स्याङ्दी-२ जलविद्युत आयोजना

A 327 MW peaking run-of-river project on the Marsyangdi River in Manang and Lamjung, originally taken up by GMR's Himtal Hydropower (which signed a joint-development agreement with IFC) and planned as part of a Marsyangdi cascade. It is at the permitting stage, with construction tentatively projected for the late 2020s.

Installed capacity

327 MW

Peaking run-of-river

River / basin

Marsyangdi

Gandaki basin

Location

Manang / Lamjung

Gandaki

Expected online

2032

Proposed / under development

Project timeline

Milestones & projected timeline

Key dates so far, with planned milestones marked. Future dates are targets from the developer or government and frequently shift.

  1. 2014

    GMR (Himtal Hydropower) signs JDA with IFC

  2. 2024

    Survey licence (327 MW); cascade development discussed

  3. 2028Planned

    Construction tentatively to begin

  4. 2032Planned

    Possible commercial operation

On the map

Location

Approximate dam-area location on OpenStreetMap — precise to the district and river reach, not the exact structure.

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Filter by stageTiles © OpenStreetMap contributors

Sources & data note

Figures for Upper Marsyangdi-2 Hydroelectric Project are compiled from the sources below and cross-checked where possible. Status and projected dates reflect research as of mid-2026 and may change as the project progresses. The map location is an approximate dam-area estimate. Commentary is Amarnepal's own.