IREDA Announces Rs. 290 Crore Investment in 900 MW Hydroelectric Power Project in Nepal

IREDA Announces Rs. 290 Crore Investment in 900 MW Hydroelectric Power Project in Nepal

Daily Current Affairs / IREDA Announces Rs. 290 Crore Investment in 900 MW Hydroelectric Power Project in Nepal

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Category : National Published on: July 25 2024

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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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