Nyamagasani I Hydroelectric Power Station is a run-of-river hydro-power plant, with initial planned capacity installation of , when completed. The project lies across the Nyamagasani River, adjacent to its sister project, Nyamagasani II Hydroelectric Power Station, high in the foothills of the Rwenzori Mountains, at an average elevation of about . The project company, Rwenzori Hydro Private Limited, is majority-owned by DI Frontier Market Energy & Carbon Fund, a Denmark-based renewable energy investment company.