Team News Riveting
State-owned Satluj Jal Vidyut Nigam (SJVN) Limited has bagged a 679 MW hydroelectric project in Nepal.
The Nepalese government has allotted 679 MW Lower Arun Hydroelectric Project in Nepal to SJVN through international competitive bidding, SJVN Chairman and Managing Director Nand Lal Sharma said. SJVN is a mini ratna company under power ministry and a joint venture between Government of India and Himachal Pradesh Government.
The Investment Board of Nepal headed by Prime Minister K P Sharma Oli in its meeting on January 29, 2021 awarded the project to SJVN. Sharma has also met Oli in Kathmandu and assured him that the project will be completed in a time bound manner, a statement by the ministry of power said.
The Lower Arun Hydroelectric Project is located in Sankhuwasabha and Bhojpur Districts of Nepal. On completion, the project would generate 3561 million units of electricity per annum.
Sharma stated that the Projects being developed by SJVN in Nepal would result in overall development and boost mutual economic growth in India and Nepal. He said that the Infrastructural Development related to project activities would ensure overall socio-economic development of the region.
SJVN is already constructing 900 MW Arun 3 HEP in Nepal and 217km 400 kV associated transmission system. With addition of Lower Arun Hydroelectric Project to its kitty, SJVN portfolio now stands at 8960.5 MW.
SJVN’s present installed capacity is 2016.51 MW and aims to be a 5000 MW company by 2023, 12000 MW Company by 2030 and 25000 MW Company by 2040. SJVN has a presence in various sectors of energy generation which includes Hydro, Wind, Solar & Thermal. The company also has a presence in the field of Energy Transmission.
