Indian Renewable Energy Development Agency Limited (IREDA) has signed a memorandum of understanding (MoU) with SJVN Limited, GMR Energy Limited, and their associated companies for the development and implementation of the 900 MW Upper Karnali hydro-electric project in Nepal.
The initiative seeks to enhance regional energy security through the development of renewable energy infrastructure. The project, provisionally approved by IREDA’s Board of Directors in July 2024, aims to tap into Nepal’s hydropower potential, fostering regional energy cooperation and promoting sustainability.