The aforementioned entities will form a joint venture (JV) company in Nepal for the execution of this project.
SJVN and GMR will hold 34% shareholding each and IREDA will have 5% shareholding in the proposed JV.
The balance Equity will be held by NEA (Nepal Electricity Authority).
The project shall be developed on BOOT basis with 25 years concessional period after commissioning.
The approximate project cost shall be Rs 9,100 crore. The project is proposed to be funded through 70:30 debt equity ratio.
SJVN is engaged principally engaged in electricity generation. The company is also engaged in the business of providing consultancy.