600 MW Hydro Electric Power Project (UMHEP) on the river Marsyangdi in Lamjung and Manang districts of Nepal
GMR Energy is developing the 600 MW Upper Marsyangdi -2 Hydro Electric Power Project (UMHEP) on the river Marsyangdi in Lamjung and Manang districts of Nepal.
A Joint Development Agreement (JDA) has been executed with IFC as co-developer with 10% equity rights.
IFC has the right to act as the lead lender or arranger of debt financing for the project. The power project received environment clearance in December 2012.
The Directorate General of Foreign Trade of Government of India has already granted a long term license which is valid for 30 years for the import of power from this power project.
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