Nepal approves investment proposal from India’s SJVN for 669 MW Lower Arun hydropower project

Daily Current Affairs / Nepal approves investment proposal from India’s SJVN for 669 MW Lower Arun hydropower project

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Category : Science and Tech Published on: April 17 2023

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The Investment Board of Nepal has approved the investment proposal from India’s Satluj Jal Vidyut Nigam (SJVN) to build a 669 Mega Watt Lower Arun Hydro project in Nepal.
The investment proposal from SJVN worth 92.68 billion Nepali Rupees was given approval in the 53rd meeting of the Investment Board chaired by Nepal’s Prime Minister Pushpa Kamal Dahal.
This is the third project undertaken, all through negotiation windows, on the Arun River after the 900 MW Arun-III and 695 MW Arun-IV hydroelectricity projects. The three projects will generate nearly 2,300 MW of electricity from the river in the Sankhuwasabha district.
Earlier, the Investment Board of Nepal and India’s SJVN signed an agreement for the development of the Arun-III hydropower project in November 2014 according to which Nepal will receive Rs 348 billion over 25 years.