In a major achievement, Satluj Jal Vidyut Nigam Limited (SJVN) has been allotted 679 MW Lower Arun Hydro Electric Project in Nepal after a competitive bidding. The Investment Board of Nepal in its meeting on 29 January chaired by Prime Minister of Nepal, K P Sharma Oli awarded the Project to SJVN.
Nand Lal Sharma, Chairman & Managing Director, SJVN met the Prime Minister of Nepal, K P Sharma Oli, in Kathmandu. In his interaction with Nepalese PM, Sharma expressed his deepest gratitude to the Prime Minister for awarding the Lower Arun Hydro Electric Project to SJVN and assured the Prime Minister that project will be completed in a time bound manner.
SJVN CMD informed that SJVN has obtained the Project through International Competitive Bidding, after competing with various international companies including from China. Sharma further stated that the Projects being developed by SJVN in Nepal would result in overall development and boost mutual economic growth in India & Nepal.
