CCEA approves $854.4 million investment for 900-MW Arun 3 hydropower project in Nepal
The Cabinet Committee on Economic Affairs (CCEA) has approved investment
for the generation component of 900-MW Arun 3 hydropower project for an
estimated Rs. 5723.72 crore ($854.4 million). The project is located on Arun
River in Sankhuwasabha district of eastern Nepal. It is expected to be
completed within five years from the date of financial closure, which is
planned for September 2017.
About
Arun 3 hydropower project
The project
is based on Run-of-River scheme that envisages about 70 metre high concrete
gravity dam and 74 Km Head Race Tunnel (HRT). It also has underground Power
House containing four generating units of 225 MW each on Left Bank. Satluj Jal
Vidyut Nigam (SJVN) Limited had bagged the project through International
Competitive Bidding. It had signed MoU with Nepal Government for the project in
March 2008. The execution of the project will be on Build Own Operate and
Transfer (BOOT) basis for a period of 30 years including five years of
construction period. The Project Development Agreement (PDA) was signed in
November 2014, which provides 21.9% free power to Nepal for the entire
concession period of 25 years. The surplus power from the project will be
exported to India from Dhalkebar in Nepal to Muzaffarpur in Bihar. It will
strengthen power availability in India and also economic linkages with Nepal.
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