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.

IBN seeks time-bound plan from GMR

September 5, 2016 01:10 am

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.