Nepal project completion in four years
India’s Satluj Jal Vidyut Nigam (SJVN) has signed a Memorandum of Understanding (MoU) with Investment Board of Nepal (IBN) for the development of 679 MW Lower Arun Hydro Electric Project in Nepal.
SJVN won the project through International Competitive Bidding defeating other companies of the neighbouring countries, said the Ministry of Power in a release on 12 July 2021.
The MoU was signed by SJVN Chairman and Managing Director Nand Lal Sharma and IBN Chief Executive Officer Sushil Bhatta.
The Lower Arun Hydro Electric Project is located in Sankhuwasabha and Bhojpur Districts of Nepal. The project will not have any reservoir or dam and will be a tail race development of 900 MW Arun 3 HEP. The project will have four francis type turbines. On completion the Project will generate 2,970 million units of electricity per annum.
It is scheduled to be completed in four years after commencement of construction activities and has been allocated to SJVN for 25 years on Build Own Operate Transfer basis.
This is the second project awarded to SJVN in Nepal, the first one being the 900 MW Arun 3 Hydro Electric Project in Sankhuwasabha District. Arun-3 Project is being implemented through wholly-owned subsidiary company of SJVN i.e. SJVN Arun-3 Power Development Company Limited (SAPDC) incorporated in Nepal.
Arun 3 HEP is the largest project in Nepal and also the largest investment of around Rs.7,000 crores by India.
Construction works on HEP 3 are going on in full swing.
The power from this project will be evacuated to India through the 400 kV double circuit transmission line to Sitamarhi in Bihar. #tenders #projects #investment #contract /fiinews.com
