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.
