Hydro electric project in Nepal - SJVN signs pact
19 July 2021
SJVNL has signed an agreement with the Investment Board of Nepal (IBN) for the implementation of the 679 Megawatt (MW) Lower Arun Hydro Electric Project.
The pact was signed by N L Sharma, Chairman and Managing Director, SJVN, and Sushil Bhatta, Chief Executive Officer of IBN in the presence of Deputy Prime Minister of Nepal, Bishnu Prasad Paudel, and Ambassador of India to Nepal, V M Kwatra.
SJVN won the project which is located in Sankhuwasabha and Bhojpur Districts of Nepal through International Competitive Bidding. It has been allocated to SJVN for 25 years on Build, Own, Operate, Transfer (BOOT) basis.
The project will not have any reservoir or dam and will be a tailrace development of 900 MW Arun-3 HEP. It will house four Francis-type turbines and generate 2,970 million units of electricity per annum. It is scheduled to be completed in four years after the commencement of construction activities.