Categories: Agreements

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

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More News Related to Agreements

Sumit Arora

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.

Leave a Comment
Share
Published by
Sumit Arora
5 years ago

Recent Posts

RBI Tightens Oversight of NBFCs Under Revised Scale-Based Regulation Framework

The Reserve Bank of India (RBI) has introduced the scale-based regulation framework for the Non-Banking…

39 minutes ago

Which Country Has the Most Bears in the World?

The Bears are among the most fascinating mammals on the Planet Earth. From the icy…

1 hour ago

RBI Finalises Digital Fraud Compensation Framework: What Bank Customers Need to Know

The Reserve Bank of India (RBI) has finalized the compensation framework for the victims of…

2 hours ago

Green Oscars 2026: Two Indian Women Win Prestigious Whitley Awards for Environmental Conservation

India has once again earned global recognition in environmental conservation as two remarkable Indian women…

2 hours ago

Which Is the Only City in Asia That Is Also a Country?

Can you imagine a place where the city and the country are exactly the same.…

3 hours ago

Top 10 Deadliest Earthquakes in the Past 10 Years

Recent seismic activity across the world has once again brought earthquakes into global headlines. On…

3 hours ago