KATHMANDU, Nov 4: The Supreme Court issued an interim order, asking the government not to implement its decision to extend the term of Gandhi Mallikarjun Rao (GMR), an Indian promoter company of the Upper Karnali Hydropower Project. The Cabinet had decided to extend GMR's term by two years.

KATHMANDU, August 2: Indian company GMR, the promoter of the Upper Karnali Hydropower Project, has expressed its commitment to manage the project's finances within two years.

KATHMANDU, July 18: The government has decided to give two more years to the Indian company Grandhi Mallikarjuna Rao (GMR) to complete the financial management of the Upper Karnali Hydropower Project.

DAILEKH, Sept 24: GMR, the developer of Upper Karnali hydroelectricity project, has started distributing compensation to the locals at a very slow pace, after a long wait, against the land acquired for the project.

KATHMANDU, Sept 6: The Investment Board Nepal (IBN) has received an application from the promoter of Upper Karnali Hydropower Project with the call to extend the project’s construction tenure.

KATHMANDU, Sept 5: The Investment Board has received an application from the promoter of Upper Karnali Hydropower Project with the call to extend the construction tenure.

KATHMANDU, Sept 5: The Investment Board Nepal (IBN) has asked the developer of Upper Karnali Hydropower Project to submit time-bound activities, including its plan to sign power purchase agreement and financing agreement with financial institutions, before taking any decision on its application to extend deadline to achieve financial closure.