Sushil bhatta, Indian football player

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.Prior to the latest project, India is building 900 MW Arun-3 project at an estimated cost of 1.04 billion dollars in the Arun river which is located in Sankhuwasabha district. Lately signed Lower Arun Hydel Project lies in Bhojpur district of the Himalayan Nation.As per the statement, the developer should complete the detailed project study of the project and submit the report for approval at the board within two years from the agreement."The project will be built under the build, own, operate and transfer (BOOT) model," the statement further stated.The project will not have any reservoir or dam and will be a tailrace development of Arun-3 hydro project, which will mean water re-enters the river for the Lower Arun project.In 2018, Prime Minister KP Sharma Oli and Indian Prime Minister Narendra Modi jointly laid the foundation stone for the Arun-3 Hydropower Project, remotely from Kathmandu.SJVN's current installed capacity stands at 2,016 MW and it aims to be a 25,000 MW entity by 2040.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

Sushil BhattaFOLLOW

Sushil bhatta, Latest News

National :India signs key hydro-deal with Nepal replacing China

Santosh Ghimire New Delhi, Aug 20: In a major boost to energy sector cooperation between the two countries, the ... ...

International :Nepal signs pact with SJVN for 679 MW Lower Arun Hydel Project

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. ...