Nepal Approves Second Hydropower Project To Be Developed By India

Daily Current Affairs / Nepal Approves Second Hydropower Project To Be Developed By India

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Category : National Published on: May 30 2023

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Nepal has decided to allow India's Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country
At present SJVN is developing a 900-MW Arun -III hydroelectric project, a run-of-river located on the Arun River in Eastern Nepal, scheduled to be completed in 2024
A meeting of the Board of Investment Nepal (IBN), chaired by Prime Minister Pushpa Kamal Dahal Prachanda, approved the draft Project Development Agreement (PDA) to be signed with India's state-owned SJVN for the development of the 669 MW Lower Arun hydroelectric project in eastern Nepal