Nepal gives nod to GMR $1.4 bn hydroelectric project: Report
19/09/2014 12:40
In a major breakthrough to GMR Group, the Nepal government has sanctioned Indian firm’s project to build a USD 1.4 billion hydroelectric plant in the northwest of the country, according to a Reuter report.
“The Nepalese government agreed to allow GMR in 2008 to construct the 900-megawatt Upper Karnali hydroelectric power plant in the northwest,” a cabinet minister told Reuter.
However, the project has been delayed due to political unrest in the country with six government changes in as many years, Reuter reported.
According to media report, GMR, in collaboration with Satluj Vidyut Nigam, have to complete the project by 2021, which will provide 12 percent energy free to Nepal.
19/09/2014 12:40
In a major breakthrough to GMR Group, the Nepal government has sanctioned Indian firm’s project to build a USD 1.4 billion hydroelectric plant in the northwest of the country, according to a Reuter report.
“The Nepalese government agreed to allow GMR in 2008 to construct the 900-megawatt Upper Karnali hydroelectric power plant in the northwest,” a cabinet minister told Reuter.
However, the project has been delayed due to political unrest in the country with six government changes in as many years, Reuter reported.
According to media report, GMR, in collaboration with Satluj Vidyut Nigam, have to complete the project by 2021, which will provide 12 percent energy free to Nepal.
