Dhaka: India’s major infrastructural company GMR Group is in discussions with Bangladesh government to export power from Nepal as the company is setting up two hydel (hydroelectric) power projects in the Himalayan country, reported Press Trust of India.

‘Initial discussions were initiated for tying up sale of power with Government of Bangladesh, Power Trading Company (PTC) / NTPC / Vidyut Vyapar Nigam Limited (NVVN),’ GMR said in its annual report.

The company is in the process of setting up 600 mw Upper Marsyangdi-2 Hydroelectric Power Project on river Marsyangdi in Lamjung and Manang districts and 900 mw Upper Karnali Hydroelectric project located on river Karnali in Dailekh, Surkhet and Achham districts of Nepal.

‘IFC proposes to invest in the project as a co-developer with 10 per cent equity under ‘Infra Ventures’ route and also act as lead lender and lead arranger for it. It is exploring for Chinese financing and various discussions were held with Chinese banks and EPC contractors in China,’ GMR said.

With regard to GMR Upper Karnali Hydro Power Public Limited (GUKPL) - (900 MW), it said Project Development Agreement (PDA) negotiations were completed and executed on 19 September 2014 for generation and transmission line projects with Nepal government.

Post execution of PDA, the project land has been identified and joint verification for government and forest land and cadastral mapping among others are under progress, it said.

‘Upper Karnali is in the process of rerouting the transmission line as per the directions of Ministry of Energy, Government of Nepal,’ the annual report said.