GMR Group has inked a Project Development Agreement (PDA) for the 900 MW Upper Karnali Hydro Power Project with the Government of Nepal, on September 19, 2014. The agreement, which is a major milestone for the Project, was signed after due approvals of the Board of Investment Board of Nepal and the cabinet of Government of Nepal. This is the largest FDI for Nepal and also the largest investment for GMR Group outside India.
The Upper Karnali Hydro Power Project was awarded to the GMR Group through an International competitive bidding process in 2008 on BOOT basis. The Project, with a capacity of 900 MW, is being developed as an export oriented Project, to be constructed in a period of about 5 years. The Project is located on Karnali river, in the Surkhet, Dailekh and Achham districts of Nepal.
The power generated, net of Free Power and power supply to Nepal, if any, is planned to be evacuated through a 400 kV double circuit transmission line up to the interconnection point of Power Grid Corporation of India (PGCIL), in India. The financial closure of the project (long term tie up of debt and equity capital) is expected to be achieved within September 2016 and thereafter the commencement of the commercial operation is expected by September 2021.
The project is expected to generate about 3500 MUs of energy annually and 420 MUs of energy (12% of installed capacity) has been earmarked as free power to Nepal. The Nepal Electricity Authority will hold 27% free equity stake in the project including all project royalties and the 100% ownership of the project will be transferred to the Government of Nepal, at the end of the 25 year concession period.
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 513.30 |
| GMR Airports Infra. | 80.55 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
