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GMR Infra JV with Nepal’s Himtal Power

November 28, 2007

GMR Infrastructure has announced that GMR Energy, the company’s 100% subsidiary company had entered into a share purchase and joint venture agreement to acquire 80% stake of Himtal Hydro Power Co. Himtal have subsisting survey licence issued by the department of electricity development, Government of Nepal for undertaking the feasibility study and environmental impact assessment study for setting up a 250 MW upper Marsyangdi — 2, hydro power project, located in upper Marsyangdi, Nepal.

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