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Nepal signs pact with SJVN 12 Jul 2021, 13:03 GMT+10 Kathmandu [Nepal], July 12 (ANI): Nepal Investment Board has said it has signed a pact with India s state-owned SJVN Ltd to develop the 679-megawatt (MW) Lower Arun Hydro Electric Project in eastern Nepal. In a statement on Sunday, the National Investment Board of the Himalayan Nation announced that the pact was signed with India s state-owned Satluj Jal Vidyut Nigam (SJVN) which is the second mega project undertaken by Southern neighbour. The memorandum of understanding MoU was signed by SJVNL Chairman and Managing Director Nand Lal Sharma and IBN Chief Executive Officer Sushil Bhatta. Second, after the Arun-3 hydropower project, the Lower Arun Hydel project is expected to cost around 1.3 billion dollars, the single biggest foreign investment project, as per 2017 cost estimates.

Nepal generalNarendra modiSatluj jal vidyut nigamSushil bhattaLal sharmaNational investment board of the himalayan nationNepal investment boardLower arun hydro electric projectNational investment boardHimalayan nationManaging director nand lal sharmaExecutive officer sushilLower arun hydelLower arun hydel projectLower arunPrime minister