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Nepal Inks USD 1.3 billion mega-deal with India to develop Hydropower project

Sumit Arora Published On July 14th, 2021 Leave a comment

Nepal has signed a USD 1.3 billion deal with India, to develop a 679-megawatt Lower Arun Hydropower project, located between Sankhuwasabha and Bhojpur districts in eastern Nepal. As per the deal, India’s state-owned Satluj Jal Vidyut Nigam (SJVN), will develop the 679-megawatt hydropower project in the neighbouring Himalayan nation.

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About the project:

This will be the second mega project undertaken by India in Nepal, after the USD 1.04 billion 900-MW Arun-3 hydroelectric projects.
The project will be developed under the build, own, operate and transfer (BOOT) model.
This 679 MW Hydropower project is the single largest foreign investment project in the country, based on the 2017 cost estimates.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.