Himalayan infra projects brace for climate risk premium | Today’s news

“The addition of the 1,000 MW pumped-storage project and the 1,350 MW thermal plant has also led to an increase in THDC’s overall insurance costs,” said a THDC executive on condition of anonymity.

Road asset operators said insurance claims are becoming more frequent as risks from climate change, including erratic weather, rising temperatures, unprecedented heavy rainfall, flash floods, are becoming more common.