<p>Nepal on Sunday decided to allow India's Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country.</p>.<p>At present SJVN is developing a 900-MW Arun -III hydroelectric project, a run-of-river located on the Arun River in Eastern Nepal, scheduled to be completed in 2024.</p>.<p>A meeting of the Investment Board Nepal (IBN) chaired by Prime Minister Pushpa Kamal Dahal “Prachanda” approved the draft project development agreement (PDA) to be signed with India's state-owned SJVN to develop the 669-megawatt (MW) Lower Arun Hydropower project in eastern Nepal, an official statement said.</p>.<p>The development comes days before Prime Minister Prachanda's visit to India starting Wednesday.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/nepal-starts-exporting-electricity-to-india-1222446.html" target="_blank">Nepal starts exporting electricity to India</a></strong></p>.<p>The draft needs to be endorsed by the Council of Ministers before it gets implemented.</p>.<p>The previous meeting of the IBN had approved Rs 92.68 billion investment for the development of the project.</p>.<p>“The development of this 669-MW transformative project will prove to be a milestone for the socio-economic development of the country,” according to the statement by the IBN.</p>.<p>The SJVN has formed a local company, Lower Arun Power Development Company, in Nepal.</p>.<p>The Lower Arun project located in the Sankhuwasabha and Bhojpur districts will not have any reservoir or dam and will be a tailrace development of Arun-III, which will mean water re-enters the river for the Lower Arun project.</p>.<p>This is the third project undertaken, all through negotiation windows, on the Arun River after the 900 MW Arun-III and 695 MW Arun-IV hydroelectricity projects.</p>.<p>The three projects will generate nearly 2,300 MW of electricity from the river in Sankhuwasabha district, The Kathmandu Post newspaper reported.</p>
<p>Nepal on Sunday decided to allow India's Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country.</p>.<p>At present SJVN is developing a 900-MW Arun -III hydroelectric project, a run-of-river located on the Arun River in Eastern Nepal, scheduled to be completed in 2024.</p>.<p>A meeting of the Investment Board Nepal (IBN) chaired by Prime Minister Pushpa Kamal Dahal “Prachanda” approved the draft project development agreement (PDA) to be signed with India's state-owned SJVN to develop the 669-megawatt (MW) Lower Arun Hydropower project in eastern Nepal, an official statement said.</p>.<p>The development comes days before Prime Minister Prachanda's visit to India starting Wednesday.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/international/nepal-starts-exporting-electricity-to-india-1222446.html" target="_blank">Nepal starts exporting electricity to India</a></strong></p>.<p>The draft needs to be endorsed by the Council of Ministers before it gets implemented.</p>.<p>The previous meeting of the IBN had approved Rs 92.68 billion investment for the development of the project.</p>.<p>“The development of this 669-MW transformative project will prove to be a milestone for the socio-economic development of the country,” according to the statement by the IBN.</p>.<p>The SJVN has formed a local company, Lower Arun Power Development Company, in Nepal.</p>.<p>The Lower Arun project located in the Sankhuwasabha and Bhojpur districts will not have any reservoir or dam and will be a tailrace development of Arun-III, which will mean water re-enters the river for the Lower Arun project.</p>.<p>This is the third project undertaken, all through negotiation windows, on the Arun River after the 900 MW Arun-III and 695 MW Arun-IV hydroelectricity projects.</p>.<p>The three projects will generate nearly 2,300 MW of electricity from the river in Sankhuwasabha district, The Kathmandu Post newspaper reported.</p>