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Upper Karnali Hydropower secures joint financing, paving way for construction

KATHMANDU: The long-delayed Upper Karnali Hydropower Project has achieved a critical milestone as its promoters—GMR Energy, SJVN Limited, and the Indian Renewable Energy Development Agency (IREDA)—secured joint financing for the project’s construction. This marks a significant development 17 years after GMR Energy was awarded the project and 11 years...

Upper Karnali Hydropower secures joint financing, paving way for construction
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Central bank struggles to meet credit mobilization goals amid economic slowdown

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