In a major favour to New Delhi, a meeting chaired by Nepal Prime Minister KP Sharma Oli vening awarded a hydropower project to Indias Satluj Jal Vidyut Nigam.
The meeting of the Investment Board Nepal (IBN), whose Chair is the Prime Minister, decided to award the project to the SJVN under the build, own, operate and transfer (BOOT) delivery method to develop the 679 megawatt Lower Arun Hydropower Project, according to an official statement issued here
The IBN had earlier shortlisted joint-venture company of Hydroelectricity Investment and Development Company (HIDC) and Power Construction of China Ltd (Power China); SJVN of India; and joint venture of Green Resources Ltd and Electrical Power Development Company to develop the project which has an installation capacity of 900 mw.
