The Indian Renewable Energy Development Agency Limited (IREDA) has signed a Memorandum of Understanding (MoU) with SJVN Limited and GMR Infrastructure Limited for a 900 MW hydro project in Nepal. This collaboration aims to strengthen India’s renewable energy sector and enhance its presence in the South Asian region.
- Project: The MoU outlines the development of a 900 MW hydropower project in Nepal.
- Partners: IREDA, SJVN, and GMR Infrastructure Limited will collaborate on the project.
- Scope: The MoU covers various aspects of the project, including feasibility studies, environmental impact assessments, financing, and construction.
- Objectives: The project aims to contribute to Nepal’s energy needs, promote sustainable development, and strengthen bilateral ties between India and Nepal.
This MoU is a significant step towards India’s goal of becoming a global leader in renewable energy. It also demonstrates India’s commitment to supporting its neighboring countries in their energy transition.
