In a statement, the Ministry of New and Renewable Energy said the agreement lays out the framework for the project’s development, construction, operation, and maintenance under a build-own-operate-transfer model, with a 25-year project term from the start of commercial operation.
“By leveraging Hydropower's vast potential, the Upper Karnali project will serve as a model of cross-border collaboration, delivering both economic and environmental benefits,” said Pradip Kumar Das, CMD, IREDA.
