GMR Energy signs an agreement with IFC for Nepal project.

GMR Energy signed an agreement with the International Finance Corporation to jointly develop the 600 MW hydro power project in Nepal.

'GMR Energy Limited signed a Joint Development Agreement (JDA) with the International Finance Corporation (IFC), the private sector lending arm of the World Bank, to jointly develop the Upper Marsyangdi-2 600 MW hydro power project in Nepal,' the company said in a statement.

ET