IREDA Partners with SJVN and GMR Energy for Nepal's 900 MW Hydro-Electric Project

Indian Renewable Energy Development Agency (IREDA) has signed initial agreements with SJVN and GMR Energy for the 900 MW Upper Karnali hydro-electric project in Nepal. This collaboration focuses on enhancing regional energy security and advancing renewable energy infrastructure while fostering sustainable growth in Nepal's hydropower sector.

Indian Renewable Energy Development Agency (IREDA) on Monday announced it has inked initial agreements with SJVN and GMR Energy for the development and implementation of the 900 MW Upper Karnali hydro-electric project in Nepal.

This strategic collaboration aims to bolster regional energy security through the development of renewable energy infrastructure, according to an official statement.

Pradip Kumar Das, Chairman & Managing Director of IREDA, emphasized, 'Our investment in this significant 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 is of strategic importance for IREDA, as it aims to harness Nepal's vast hydropower potential while reinforcing IREDA's dedication to renewable energy development.

(With inputs from agencies.)