Nepal’s Centre-Left Cabinet Cleared The Way For Indian Firm GMR To Build A $1.4 Billion Hydroelectric Plant In The Northwest Of The Country. The Project Was Delayed As The Nascent Republic Was Mired In Instability With Six Government Changes In As Many Years. The GMR Plant, Set For Completion In 2021, Will Provide 12 Percent Energy Free To Nepal To Ease A Crippling Power Shortage And Help Its Economy Emerge From A Decade-Long Civil War That Scared Away Investors And Slowed Infrastructure Projects. Investment Board Nepal Will Now Sign A Project Development Agreement (PDA) With GMR, Which Will Construct Transmission Lines Across The Border To Transmit The Remaining Electricity To India.
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Clearances Approved
Multi State
India
Energy
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