Reserve Bank of India (RBI) has not acceded to the request of Indian Renewable Energy Development Agency (IREDA) for equity investment for development and implementation of 900 MW Upper Karnali Hydro Electric Power project in Nepal. However, the Company will represent again to the RBI in this regard.
IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: ‘Energy For Ever’.
