SJVN Limited has signed project development agreement (PDA) for 669 MW Lower Arun hydro electric project (HEP) to be located in Sankhuwasabha and Bhojpur districts of Nepal.
The project will be constructed in five years at a cost of Rs 57.92 billion with a levelised tariff of Rs 4.99 per unit. The project will be developed on build, own, operate, and transfer basis. On completion, the project will generate 2,901 million units of energy annually. The company won the project through international competitive bidding in February 2021. In addition to this, the company is also developing 217 km long associated transmission network for power evacuation and export to India. Presently, SJVN is executing three hydro projects of 2,059 MW in Nepal. 900 MW Arun3 HEP is in advance stage of construction and 490 MW Arun-4 HEP will be developed in joint venture mode by the company and Nepal Electricity Authority.