A consortium comprising GMR Energy Limited, GMR Infrastructure Limited (GIL) and Italian-Thai Development Project Co. has signed a Memorandum of Understanding (MoU) with the Govt. of Nepal, for developing the 900 MW Upper Karnali Hydro electric Project, in Nepal.

The project will be developed on a Build, Own, Operate and Transfer (BOOT) basis.

The event successfully concludes the first ever International Competitive Bidding (ICB) process of award of large Hydro Power Projects in Nepal, which followed a rigorous multi-layered evaluation process, lasting 12 months.

The plant is scheduled to be commissioned by the end of 2016.

Location	Upper Karnali, Nepal
Capacity	900 MW
Fuel	Hydro
Contract Details	Run of the River Build Own and Operate for 30 years from Plant COD
Expected CoD	2016