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IREDA to Invest Rs. 290 Crore in Nepal 900 MW Hydro Projects

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Indian Renewable Energy Development Agency Limited (IREDA) has decided to invest in a 900 MW Hydroelectric power project in Nepal. Approximately Rs. 290 Crore investment will secure IREDA ,up to 10% shareholding in GMR Upper Karnali Hydro Power Limited, Nepal and Karnali Transmission Company Pvt. Ltd., Nepal.

This strategic move, in collaboration with SJVN Limited, aims to support the setting up of the 900 MW Upper Karnali Hydro-Electric Power Project in Nepal. The project will proceed subject to approval from the Government of India and other regulatory authorities. The Board of Directors of IREDA in its meeting held yesterday gave in-principle approval for this equity investment.

Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, said, “This strategic investment aligns with our commitment to expanding renewable energy infrastructure and fostering international collaboration in the sector.

The 900 MW project is a significant step towards harnessing Hydropower potential in Nepal, contributing to regional energy security and sustainable development.”

GMR and the Nepal Electricity Authority, Government of Nepal, are the existing shareholders in M/s. GMR Upper Karnali Hydro Power Limited, Nepal. The inclusion of IREDA and SJVN Limited in the project underscores a strong regional collaboration aimed at enhancing renewable energy capacity and ensuring energy independence

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SJVN partners with IIT Patna to improve Tunneling Project Performance using Advanced Geological Models

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SJVN Limited has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN’s tunnelling projects, thus significantly reducing time and cost overruns.

One of the key outcomes of this partnership will be the development of predictive analytics algorithms. These algorithms, leveraging integrated geotechnical data, will forecast potential risks and provide early warning systems specifically tailored for tunnelling projects. Such proactive measures are expected to substantially mitigate time and cost overruns during project execution.

Chairperson & Managing Director, SJVN, Smt. Geeta Kapur said that the primary focus of the MoU is to develop cutting-edge methodologies which integrate diverse geotechnical data sources. These would include geological surveys, borehole data, geophysical measurements and monitoring data from projects of SJVN.

The collaboration also aims to evaluate the intricate relationship between overburden and deformation, thereby enhancing the evaluation and design of support systems crucial for tunnelling projects. By harnessing integrated geotechnical data and 3D geological models, SJVN and IIT Patna aim to identify and analyze potential risks and hazards.

The MoU has been signed in the presence of Director (Finance), SJVN, Shri A.K Singh and Director, IIT Patna Shri T.N Singh in New Delhi on April 2, 2024. CGM (Civil), Shri R.K Gupta; GM (Finance), Shri Jitender Yadav; GM (Civil), Shri Hemant Kumar Shaklya; and GM (Geology), Shri Akshay Acharya from SJVN, and Professor A. K. Verma from IIT Patna were also present on the occasion of the signing ceremony.

SJVN and IIT Patna are committed to driving sustainable development and technological excellence through this strategic partnership.