On 30th January, 2021, During the 46th meeting of the Investment Board of Nepal (IBN) chaired by Nepal Prime Minister K P Sharma Oli awarded the contract for construction of 679 MW (MegaWatt) Lower Arun Hydropower Project to India’s Satluj Jal Vidyut Nigam (SJVN) Ltd under public-private partnership.
i.The project has been awarded to SJVN after a successful International Competitive Bidding.
- The Lower Arun Hydropower Project will be constructed on the River Arun situated in the Sankhuwasabha and Bhojpur districts of Eastern Nepal.
- It is being constructed under the Build, Own, Operate and Transfer (BOOT) model and will cost around USD 860 Million (Nepali Rupees 100 Billion).
- It is capable of generating around 3, 561 million units of electricity per annum.
ii.SJVN is already in the process of Constructing 900 MW Arun 3 Hydro Electric Projects in Nepal & 217 Km 400 kV associated transmission system.
Recent Related News:
i.On 8th December, 2020 The CMD of NHPC limited, A.K. Singh laid foundation stone of head regulator works of Indo-Nepal Link Canal at Barrage of 94.2 MW Tanakpur Power Station of NHPC at Uttarakhand. This project is constructed under the “Mahakali Treaty” signed between India and Nepal.
Prime Minister – K. P. Sharma Oli
Capital – Kathmandu
Currency – Nepalese Rupee (NPR)
Chairman – N.L. Sharma
Headquarters – Shimla, Himachal Pradesh