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

Sumit Arora July 14th, 2021 09:49 am 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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.