BOOT framework JV signed for Nepal power project
Indian Renewable Energy Development Agency Ltd (IREDA) has finalized a Joint Venture Agreement with SJVN Ltd, GMR Energy Ltd, and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali Hydro-electric Project in Nepal to strengthen regional energy security and accelerate renewable energy growth.
The joint venture agreement lays out a comprehensive framework for the project development, construction, operation, and maintenance under a Build-Own-Operate-Transfer (BOOT) model, with 25-years project term from the Commercial Operation Date (CoD) https://www.globalevexpo.in/.
The agreement was formalized on 17 Jan in New Delhi in the presence of senior officials from IREDA, SJVN, and GMR Energy Ltd https://mnre.gov.in/.
Speaking on the occasion, IREDA CMD Pradip Kumar Das said, “This agreement marks a significant step towards realizing our collective vision of sustainable energy development in the region https://www.iea.org/.
“By leveraging Hydropower’s vast potential, the Upper Karnali project will serve as a model of cross-border collaboration, delivering both economic and environmental benefits https://www.hydrogen-worldexpo.com/.” Fiinews.com
