Tag: Upper Karnali hydropower project

GMR Reignites Upper Karnali Hydropower Development After 18 Years

Nearly two decades after it was first proposed, Indian multinational conglomerate GMR has finally started the process for construction of the 900-megawatt Upper Karnali...

Future of Nepal-Bangladesh Power Trade Uncertain as India Corridor Raises Concerns

The fate of importing 500 megawatts (MW) of electricity from Nepal's 900MW Upper Karnali Hydropower project is hanging in the balance as government is...

IREDA’s Investment Rejected, GMR Plans Changes in Shareholding Structure

Kathmandu: The share structure of the Upper Karnali Hydropower Project, being constructed by the Indian company Gandhi Mallikarjun Rao (GMR), is set to change. GMR's...

IREDA Shares Fall as RBI Rejects Equity Investment in Nepal Hydro...

Indian Renewable Energy Development Agency's (IREDA) dropped 1.20% to Rs 147.90 after the Reserve Bank of India (RBI) rejected the company's request for equity...

Cabinet Grants Extension Only for Time Lost Due to Supreme Court’s...

Kathmandu — The government has extended the deadline for the 900 MW Upper Karnali Hydropower Project, which was awarded construction permission to the Indian...

Nepal Steps Closer to Exporting Domestic Power with Bangladesh Deal

KATHMANDU, Feb 22: In a bid to materialize its effort to sell domestically produced electricity to third countries, Nepal is finalizing a deal with Bangladesh. In...

Nepal’s Industrialists Challenge Energy Policies Amid Discussions of Transboundary Energy Transition

Industrialists in Nepal have expressed their concern over the implementation of demand-side management (DSM) by the Nepal Electricity Authority (NEA). The DSM measures, which...

Nepal PM Envisions a Milestone Long-Term Energy Pact with India

A long-term energy deal between Nepal and India, to be signed during the upcoming visit of India's External Affairs Minister S. Jaishankar, will be...

Financial closure plan to be ready by 2020

September 27, 2019 Kathmandu: GMR, developer of the 900-megawatt Upper Karnali Hydropower Project, is trying to complete the ground works for financial closure of the...

Upper Karnali Hydropower Project bogged down in price negotiations

A year after the Post’s revelation that Indian company Grandhi Mallikarjuna Rao (GMR), the developer of the 900 MW Upper Karnali hydropower project, offered to sell...

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