SJVN signs MoU for development of 490 MW Arun-4 project in Nepal

SJVN Limited has signed a memorandm of understanding (MoU) for development of 490 MW Arun-4 project in Sankhuwasabha district province – 1 of Nepal

The project will be developed in joint venture mode by the company and Nepal Electricity Authority (NEA) with the company having majority share.The project is expected to generate around 2,100 MUs of energy per annum. The expected cost of this project is Rs 49 billion. This is the third project of the company on Arun river basin. Two other projects, i.e., 900 MW Arun-3 and 669 MW Lower Arun are already being developed by the company. With signing of this MoU, the company will have portfolio of three projects in Nepal having total capacity of 2,059 MW.