23.45°C Kathmandu
Thu, Jun 18, 2026
Miscellaneous
PDA signed for Upper Karnali
Authorities from both Nepal and India have signed the project development agreement (PDA) for the Upper Karnali Hydropower Project on Friday.
bookmarkAuthorities from both Nepal and India have signed the project development agreement (PDA) for the Upper Karnali Hydropower Project on Friday.
Ekantipur Report
Published at : September 19, 2014
Updated at : September 19, 2014 15:36
Kathmandu
The Chief Executive of Investment Board Nepal and Vice-chairman of GMR-ITD Consortium signed in the agreement paper, representing the Nepali and Indian side respectively.
The Cabinet meeting yesterday had directed the Investment Board Nepal to sign the PDA deal with India’s GMR-ITD Consortium. An IBN board meeting chaired by Prime Minister Sushil Koirala had endorsed the PDA on Wednesday.
As per the agreement, Nepal will receive 27 % free share and 12 % of free energy from the project. After 25 years of energy production, GMR-ITD will have to handover the project to Nepal.
Editor's Picks
Inside the mission of Everest’s first mountain rangers
Weak arbitration defence costs government billions
Nepalis making treacherous trip to Europe through the Balkan route
Women are often at the centre of Nepali films. Why are men still telling most of their stories?
What old newspapers reveal about Kathmandu’s World Cup fever in the 80s and 90s
E-PAPER | June 18, 2026
×