Last Updated:
13th July, 2021 07:37 IST
Nepal s IBN And India s SJVN Sign MoU On 679 MW Arun Hydro Electric Project
India won the project through international competitive bidding has been signed for execution of 679 MW Lower Arun Hydro Electric Project in Nepal.
IMAGE: TWITTER
India and Nepal have signed a Memorandum of Understanding (MoU) for the execution of the 679 Mega Watt Lower Arun Hydro Electric Project in Nepal. The MoU has been signed between Satluj Jal Vidyut Nigam (SJVN) Central Public Sector Enterprise under the Ministry of Power, Government of India & Investment Board of Nepal (IBN) in Nepal s capital Kathmandu. India won the project through international competitive bidding, among other companies from neighbouring countries.
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Nepal signs pact with SJVN
12 Jul 2021, 13:03 GMT+10
Kathmandu [Nepal], July 12 (ANI): Nepal Investment Board has said it has signed a pact with India s state-owned SJVN Ltd to develop the 679-megawatt (MW) Lower Arun Hydro Electric Project in eastern Nepal.
In a statement on Sunday, the National Investment Board of the Himalayan Nation announced that the pact was signed with India s state-owned Satluj Jal Vidyut Nigam (SJVN) which is the second mega project undertaken by Southern neighbour.
The memorandum of understanding MoU was signed by SJVNL Chairman and Managing Director Nand Lal Sharma and IBN Chief Executive Officer Sushil Bhatta.
Second, after the Arun-3 hydropower project, the Lower Arun Hydel project is expected to cost around 1.3 billion dollars, the single biggest foreign investment project, as per 2017 cost estimates.
Nepal Investment Board has said it has signed a pact with India s state-owned SJVN Ltd to develop the 679-megawatt (MW) Lower Arun Hydro Electric Project in eastern Nepal. In a statement on Sunday, the National Investment Board of the Himalayan Nation announced that the pact was signed with India s state-owned Satluj Jal Vidyut Nigam (SJVN) which is the second mega project undertaken by Southern neighbour. The memorandum of understanding MoU was signed by SJVNL Chairman and Managing Director Nand Lal Sharma and IBN Chief Executive Officer Sushil Bhatta. Second, after the Arun-3 hydropower project, the Lower Arun Hydel project is expected to cost around 1.3 billion dollars, the single biggest foreign investment project, as per 2017 cost estimates.