IREDA and partners sign deal for Nepal’s 900-MW hydro project

This was approved in principle by IREDA in July.

This was approved in principle by IREDA in July.

Indian Renewable Energy Development Agency Ltd. (IREDA) has signed a memorandum of understanding with SJVN Ltd., GMR Energy Ltd., and their associated companies for the development and implementation of the 900-megawatt Upper Karnali Hydro-electric Project in Nepal.

In a statement, IREDA said the “collaboration aims to enhance regional energy security through the development of renewable energy infrastructure.”

“This collaboration not only accelerates the development of Nepal’s hydropower sector but also strengthens regional energy cooperation, supporting our shared goal of sustainable growth,” said Pradip Kumar Das, chairman and managing director of IREDA.

The 900-MW project was approved by IREDA's board on 16 July 2024.

IREDA earlier approved a $35.4m investment for the hydroelectric power facility. This investment will give it up to 10% shareholding in the Upper Karnali Hydro-Electric Power Project.

India

renewable energy

Can't Login? Sign up for an account

Email address The email address is not made public. It will only be used if you need to be contacted about your account or for opted-in notifications.

Password

Confirm password

Provide a password for the new account in both fields.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Already have an Asian Power account? Login

Can't log in?

Return to login

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit