IBN begins PDA negotiations for Upper Marshyangdi

KATHMANDU, Jan 4 :

Investment Board Nepal (IBN) has started Project Development Agreement (PDA) negotiations with GMR for the implementation of Upper Marshyangdi-2 Hydropower Project.

Ghanashyam Ojha, spokesperson of IBN, said that groundwork for PDA negotiations has been started. However, the board of IBN, which is led by Prime Minister Sushil Koirala, is yet to form a negotiation team for the negotiations.

Ojha said that initial talks with a team from GMR is setting the tone for negotiations. It will be formalized only after a team is formed for the negotiations, he added. IBN has already signed PDA with GMR to develop Upper Karnali Hydropower Project.

Source: Republica