Business Update2 Aug 2024, 11:38 pm
Cabinet Approves ₹ 25,792.36 Crores Investment for 669 MW Lower Arun Hydro Electric Project in Nepal by SJVN Ltd
AI Summary
The Cabinet Committee on Economic Affairs (CCEA) has approved the investment of ₹ 25,792.36 crores for the 669 MW Lower Arun Hydro Electric Project (LAHEP) in Nepal. The project, located in Sankhuwasabha district of the province-1 in Nepal, is designed to generate 2,900 million units of energy annually. SJVN Ltd won the project through international competitive bidding and it will be implemented on a Build-Own-Operate and Transfer (BOOT) basis. The project is expected to be commissioned within 60 months from the date of investment approval. The generated power will be evacuated through a 217 km 400 KV Double Circuit Transmission Line up to Sitamarhi, Bihar.
Key Highlights
- CCEA approved ₹ 25,792.36 crores investment for 669 MW Lower Arun Hydro Electric Project in Nepal.
- The project is designed to generate 2,900 million units of energy annually.
- SJVN Ltd won the project through international competitive bidding.
- The project will be implemented on a Build-Own-Operate and Transfer (BOOT) basis.
- The project is expected to be commissioned within 60 months from the date of investment approval.