, Nepal
140 views
Photo from IREDA

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

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.

Follow the link s for more news on

Join Asian Power community
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!

Exclusives

Trump 2.0 could thump India's solar ambition
Its solar companies may need to set up manufacturing plants in the US to bypass tariffs. 
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.