IREDA Partners with SJVN, GMR for Nepal Hydro Project
Sep 09, 2024 20:45
IREDA has signed MoUs with SJVN and GMR Energy for the development of the 900 MW Upper Karnali hydro-electric project in Nepal, aimed at enhancing regional energy security.
New Delhi, Sep 9 (PTI) Indian Renewable Energy Development Agency (IREDA) on Monday said it has inked initial pacts with SJVN and GMR Energy for the development and implementation of the 900 MW Upper Karnali hydro-electric project in Nepal.
This collaboration aims to enhance regional energy security through the development of renewable energy infrastructure, a statement said.
Pradip Kumar Das, Chairman & Managing Director of IREDA, said, “Our investment in this important hydropower project underscores IREDA's ongoing commitment to advancing renewable energy initiatives. 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.
The project holds strategic importance for IREDA, as it will help harness Nepal's vast hydropower potential while reinforcing IREDA's dedication to renewable energy development.
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