First Business News Portal in English from Nepal
KATHMANDU: The Office of the Investment Board of Nepal (OIBN) and SJVN Limited India are all set sign an memorandum of understanding (MoU) for the development of 679MW (indicative installed capacity) Lower Arun Hydropower Project.
OIBN informed that the MoU signing ceremony is scheduled for later today afternoon.
The OIBN in its meeting on January 29, 2021, chaired by Prime Minister of Nepal, Sh. K.P. Sharma Oli awarded the 679 MW Lower Arun Hydro Electric Project in Nepal to SJVN through Competitive Bidding Project to SJVN.
The Lower Arun Hydro Electric Project is located in Sankhuwasabha and Bhojpur Districts of Nepal.
On completion 679 MW Lower Arun Hydro Electric Project will generate 3561 million units of electricity per annum.
SJVN is already constructing 900 MW Arun 3 HEP in Nepal and 217km 400 kV associated transmission system.
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