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IREDA Announces Rs. 290 Crore Investment in 900 MW Hydroelectric Power Project in Nepal
Published on 25 Jul 2024
- The Indian Renewable Energy Development Agency Limited (IREDA) has announced an investment of Rs. 290 Crore in a 900 MegaWatt (MW) Hydroelectric Power Project in Nepal.
- With this investment, IREDA will secure up to a 10% shareholding in both GMR Upper Karnali Hydro Power Limited and Karnali Transmission Company Pvt. Ltd., Nepal.
- The 900 MW Upper Karnali Hydroelectric Power Project is being developed in collaboration with SJVN Limited (formerly Satluj Jal Vidyut Nigam Limited).
- The project aims to enhance hydroelectric power generation capacity in Nepal, contributing to both regional energy needs and the development of sustainable energy resources.
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