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Reserve Bank of India rejects IREDA's investment proposal in Nepal's hydroelectric project.
The Reserve Bank of India rejected IREDA's proposal to invest in Nepal's 900 MW Upper Karnali Hydro Electric Project.
Despite this setback, IREDA plans to resubmit the proposal.
The project involves IREDA, GMR Energy, Nepal Electricity Authority, and SJVN Ltd. IREDA's share price slipped after the announcement.
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Reserve Bank of India rechaza la propuesta de inversión de IRENA en el proyecto hidroeléctrico de Nepal.