--By TC Correspondent 

 

GMR Energy Limited, the energy arm of the GMR Group of India signed a Joint Development Agreement (JDA) with the International Finance Corporation (IFC), a member of the World Bank Group, to jointly develop the Upper Marsyangdi-2 hydropower project (600 MW) in Nepal. 

 

The 600 MW Upper Marsyangdi-2 Project is located on the Marsyangdi River, in the Manang and Lamjung districts of Nepal, which is already in an advanced stage of development. The Project is being currently undertaken through a Nepalese subsidiary of GMR Energy Limited, Himtal Hydropower Company Pvt Ltd, according to the press release issued by the company.

 

GBS Raju, Chairman of Energy Business said, “We are pleased to have IFC as our partners in the Upper Marsyangdi-2 Hydropower project. Apart from investing in the company, IFC will also bring its vast experience in financing similar large and complex Infrastructure Projects, which will add value to the Project.  

We believe that with the continuous support of IBN, both GMR and IFC shall be able to implement this Project in an accelerated manner.”  

 

Cross-country Transmission line 

A contract has been signed between Power Transmission Company Nepal (PTCN) and TATA Project Limited, India to construct Dhalkebar-Muzaffarpur cross-country transmission line of 400 kb. “The construction work will be completed within 16 months of the mobilization of contractors,” said Badri Narayan Shah, Project Manager of PTCN. 

 

The company will construct transmission line of 39.5 kilometers from Dhalkebar to Birtamod. With the construction of this transmission line the hydro business between Nepal and India is expected to develop as it would create easy import-export environment between both the countries.