SJVN investing around Rs 7,000 crore in power generation, transmission in Nepal

30 Sep 2019 Evaluate

SJVN is investing around Rs 7,000 crore in power generation and transmission in Nepal. The amount, which is equivalent to 11,200 crore Nepalese rupees, is the highest ever invested so far in Nepal by any company in the world.

The company is investing Rs 5,724 crore in power generation and Rs 1,236 crore in power transmission in Nepal. SJVN is executing the Arun-3 hydro electric project (HEP) on Arun river in Sankhuwasabha district of eastern Nepal with a generation capacity of 900 MW.

Work for Arun-3 HEP began on full swing after Prime Minister Narendra Modi and his Nepalese counterpart Khadga Prasad Sharma Oli jointly laid its foundation stone on May 11, 2018. It will be commissioned in 2023-24. The Arun-3 HEP is as prestigious for Nepal as Bhakra Dam is for India as the power generation capacity of the Himalayan country will more than double after its commissioning.

SJVN is engaged in hydroelectric power generation originally established as a joint venture between the government and the state government of Himachal Pradesh to develop and operate the Nathpa Jhakri Hydro Power Station (NJHPS).

SJVN Share Price

109.80 -1.70 (-1.52%)
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