IREDA to Invest ₹290 Crore in 900 MW Renewable Energy Project in Nepal.

State-owned Indian Renewable Energy Development Agency (IREDA) has announced a ₹290 crore investment in a major hydroelectric power project in Nepal. The company's Board of Directors approved the equity investment during a meeting on Tuesday.

Pradip Kumar Das, Chairman & Managing Director of IREDA, stated, “This strategic investment reflects our commitment to expanding renewable energy infrastructure and fostering international collaboration. The 900 MW project is a significant step in harnessing Nepal’s hydropower potential, which will contribute to regional energy security and sustainable development.”

IREDA will acquire a 10 percent stake in the Upper Karnali Hydro-Electric Power Project, underscoring its dedication to advancing renewable energy initiatives and strengthening cross-border energy ties.

ET