CURRENT AFFAIRS
CURRENT AFFAIRS
Description
The Indian Renewable Energy Development Agency Ltd. (IREDA) has partnered with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) through a Joint Venture Agreement for the development of the 900 MW Upper Karnali Hydro-electric Project in Nepal.
Overview Of Upper Karnali Hydro-electric Project
The project is a 900 MW run-of-the-river hydropower initiative located on the Karnali River in Nepal.
It is designed to supply power to Nepal, India, and Bangladesh for a contract period of 25 years.
The development is being managed by GMR Upper Karnali Hydro Power Limited (GUKHL), a subsidiary of GMR Group India, in collaboration with Nepal Electricity Authority (NEA) and SJVN Green Energy.
The project will be executed on a Build-Own-Operate-Transfer (BOOT) model.
Ownership of the project is currently held by GUKHL (73%) and NEA (27%).
The project is expected to produce 3,466 million units of electricity annually and reduce greenhouse gas emissions by approximately two million tons per year.
The infrastructure will include a concrete gravity dam, headrace tunnels, a fish pass, surge and pressure shafts, feeder tunnels, and silt flushing tunnels.
The hydro project will be equipped with 8 turbines, each with a capacity of 112.5 MW.
Development Timeline - Construction of the project is slated to begin in 2027, with the project expected to be fully operational by 2031.
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