GMR ropes in two Indian partners for 900MW Upper Karnali hydel project

Says collaboration with two of India’s public sector undertakings will provide much-needed boost to the Rs146 billion project.

Indian multinational conglomerate GMR, the developer of the Upper Karnali hydropower project estimated to cost Rs146 billion, said the groundwork for its financial closure has begun in collaboration with two of India’s public-sector undertakings.