Joint Venture22 Nov 2025, 01:22 pm
Power Grid Corporation of India Ltd Enters Joint Venture with Nepal Electricity Authority for Cross-Border Power Transmission Infrastructure
AI Summary
Power Grid Corporation of India Ltd (POWERGRID) has entered into a Joint Venture and Shareholders’ Agreements (JV&SHA) with Nepal Electricity Authority (NEA) for the development of high-capacity cross-border power transmission infrastructure. The proposed Cross-Border Transmission System Projects include the development of the Inaruwa (Nepal) — New Purnea (India) 400 kV Double Circuit (Quad Moose) Transmission Link and Lamki (Dododhara) (Nepal) — Bareilly (India) 400 kV Double Circuit (Quad Moose) Transmission Link.
Key Highlights
- POWERGRID and NEA have entered into a Joint Venture & Shareholders’ Agreement to form a Joint Venture Company (JVC) in India for Implementation of Indian Portion of 400 kV D/C Inaruwa (Nepal) — New Purnea (India) and 400 kV D/C Lamki (Dododhara) (Nepal) — Bareilly (India) Transmission interconnections between India and Nepal with equity participation of 51% by POWERGRID and 49% by NEA.
- POWERGRID and NEA have entered into another Joint Venture & Shareholders’ Agreement to form a Joint Venture Company (JVC) in Nepal for Implementation of Nepalese Portion of 400 kV D/C Inaruwa (Nepal) — New Purnea (India) and 400 kV D/C Lamki (Dododhara) (Nepal) — Bareilly (India) Transmission interconnections between India and Nepal with equity participation of 49% by POWERGRID and 51% by NEA.