IREDA signs joint venture for Upper Karnali hydroelectric project in Nepal
Indian Renewable Energy Development Agency Ltd. (IREDA) has finalized a joint venture agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) to develop the 900 MW Upper Karnali Hydroelectric Project in Nepal. The agreement outlines a framework for project development, construction, operation, and maintenance under a Build-Own-Operate-Transfer (BOOT) model. The project will operate for 25 years from the Commercial Operation Date (CoD). The agreement was formalized in New Delhi today in the…