Kathmandu [Nepal], April 14 (ANI): The Investment Board of Nepal has authorized the funding proposal from India’s Satluj Jal Vidyut Nigam (SJVN) to construct a 669 Mega Watt Lower Arun Hydro undertaking in Nepal.
The funding proposal from SJVN price 92.68 billion Nepali Rupees was given approval within the 53rd assembly of the Investment Board chaired by Nepal’s Prime Minister Pushpa Kamal Dahal on Thursday.
As per the assertion from the Investment Board of Nepal, the board of administrators have determined to kind a “undertaking improvement settlement negotiation committee’ led by the board’s chief govt officer, directing it to submit the doc of consensus to the board.
This is the third undertaking undertaken, all by means of negotiation home windows, on the Arun River after the 900 MW Arun-III and 695 MW Arun-IV hydroelectricity tasks. The three tasks will generate practically 2,300 MW of electrical energy from the river within the Sankhuwasabha district.
Earlier, the Investment Board of Nepal and India’s SJVN signed an settlement for the event of the Arun-III hydropower undertaking in November 2014 based on which Nepal will obtain Rs 348 billion over 25 years.
In addition, the undertaking developer may also present 21.9 per cent of vitality generated freed from value, which is price 155 billion Nepali Rupees and one other 107 billion Nepali Rupees in royalties.
In May final yr, the Managing Director of Nepal Electricity Authority- Kulman Ghising and Nandalal Sharma, chairman of the SJVN, signed the settlement in Lumbini for the event of Arun-IV on behalf of their respective governments.
Nepal will obtain 21.9 per cent or 152 megawatts of electrical energy totally free as per the settlement from Arun-IV. In July final yr, Nepal signed a cope with the SJVN to develop the 679 MW LowerArun. An funding of 92.68 billion Nepali Rupees was authorized for the undertaking on Thursday.
The Lower Arun undertaking won’t have any reservoir or dam and will likely be a tailrace improvement of Arun-III, which can imply water re-enters the river for the Lower Arun undertaking.
Meanwhile, the funding board mentioned it authorized an funding price 167.57 billion Nepali Rupees for 5 hydroelectric tasks on Thursday.
Of complete authorized investments, 146.2 billion Nepali Rupees is being acquired by means of international direct funding and 21.37 billion Nepali Rupees is from home buyers.
Apart from the 669 MW Lower Arun Hydroelectric Project, different tasks are the 102 MW Upper Marsyangdi-1 (33.19 billion Nepali Rupees), the 70 MW Dudhkoshi-2 Jaleshwar (20.35 billion Nepali Rupees), the 70.3 MW Simbuwa Khola (13.44 billion Nepali Rupees) and the 43 MW Upper Madi (7.93 billion Nepali Rupees).
Among them, 146.2 billion Nepali Rupees in international funding has been authorized for 3 hydroelectric tasks, together with Lower Arun, Dudhkoshi-2 (Jaleshwar) and Upper Marsyandi hydropower tasks. (ANI)