SJVN to develop 490 MW Arun-4 hydel power project worth Rs 4,900 crore in Nepal
State-owned SJVN Ltd NSE 2.20 % will develop another hydro power project Arun-4 worth Rs 4,900 crore in Nepal. A Memorandum of Understanding (MoU) for the development of the 490 MW Arun-4 hydro electric project in Nepal has been signed in Lumbini, Nepal in the presence of Prime Minister Narendra Modi and Prime Minister of Nepal Sher Bahadur Deuba, the company said in a statement on Monday.
SJVN NSE 2.20 % Chairman and Managing Director Nand Lal Sharma said it will be the third mega project to be constructed by the company in Nepal. The construction of 900 MW Arun-3 project is in progress and the 669 MW Lower Arun project is at the survey and investigation stage.
With the MoU, signed by Sharma and Nepal Electricity Authority (NEA) Managing Director Kulman Ghising, SJVN has three projects with a total capacity of 2,059 MW in Nepal.
