Kathmandu: The Nepalese government has cleared the way for GMR to build a $1.4 billion hydroelectric plant in the northwest of the country, a cabinet minister said. The plant is of 900-megawatt capacity and is located in upper Karnali hydroelectric power plant in the northwest.
Law Minister Narahari Acharya said a cabinet meeting had approved the draft of an agreement to be signed with the Indian company.
The GMR plant, set for completion in 2021, will provide 12 per cent energy free to Nepal to ease a crippling power shortage.
