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Investment In Nepal Hydropower Projects
By KTM Metro Reporter
December 19, 2012: the high-level Investment Board chaired by Prime Minister Baburam Bhattarai yesterday decided to increase the authorized capital of each of the Upper Karnali Hydropower Company Ltd and the Himal Hydropower Company Ltd from Rs 450 million to Rs 1.9 billion in view of escalating cost and the increased capacities of these projects, according to ‘The Economic Times’ news of today.
The Upper Karnali Hydropower Company Ltd is to develop the 900 MW Upper Karnali Project, and the Himal Hydropower Company Ltd is to develop 600 MW Upper Marsyangdi projects. The Upper Karnali project was originally meant to produce 300 MW of electricity, and the Upper Marsyangdi's capacity was for 250 MW.
Both these companies are subsidiaries of the Indian company called GMR.
