10 April 2018

SBI to Invest Rs 80 bn in Hydropower Project of Nepal

SBI to Invest Rs 80 bn in Hydropower Project of Nepal


The State Bank of India will be investing a total of Rs 80 billion in the Arun III hydropower project of Nepal, which has 900 megawatts (MW) electricity production capacities.

The SJVN, which has been awarded the construction of the mega power project of Nepal, has made an informal agreement with the SBI to acquire the investment as a loan and soon will make the formal agreement. The mega project is targeted to be completed by 2022's September.


Source- The Economic Times

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • SBI Chairman- Rajnish Kumar, Headquarters- Mumbai, Established on- 01st July 1955.

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