GMR acquires 80% stake of Himtal Hydro Power Co

GMR Infrastructure has informed us that GMR Energy, the company’s 100% subsidiary company has acquired 80% stake of Himtal Hydro Power Co. on 02 January 2008. Himtal have subsisting survey licence issued by the Department of Electricity Development, Govt. 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.