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| CPSE under Ministry of Power bags project under the leadership of Union Power Minister, Shri R K Singh |
New Delhi (Lisbon Times):- A Memorandum of Understanding (MoU) has been signed for
execution of 679 MW Lower Arun Hydro Electric Project in Nepal between Satluj
Jal Vidyut Nigam (SJVN) Central Public Sector Enterprise under Ministry of
Power, Government of India & Investment Board of Nepal (IBN) in Kathmandu
Nepal. With the active support of the Ministry of Power, Govt. of India, SJVN won
the project through International Competitive Bidding defeating other companies
of the neighboring countries.
Shri R K Singh called this a welcome achievement
saying that Nepal chose our CPSU based on its performance in Arun-3 HEP. During
the visit of Shri R K Singh, Union Cabinet Minister of Power and New and
Renewable Energy to Nepal in September 2019, he convinced the Prime Minister of
Nepal to allot SJVN, the Lower Arun HEP (679 MW), a downstream development of
Arun-3 HEP based on the capabilities, proven track record of SJVN in hydro the sector as also shown by the progress of construction activities of Arun 3
HEP in Nepal.
Ministry of
Power under the able leadership of Shri R K Singh, Union Cabinet Minister
of Power and New and Renewable Energy has introduced various landmark measures
to promote the development of the hydropower sector. These measures include
declaration of large hydropower projects as renewable energy projects,
rationalization of tariff, increasing useful life of a project to 40 years,
increasing debt service period to 18 years, financial assistance for enabling
infrastructure and flood moderation works and Hydro Power Purchase Obligation.
Also, guidelines to reduce the incidence of time and cost during construction of
hydropower projects were also issued by the Ministry of Power.
India is also endeavoring creation of a common pool for
regional power grid and energy market in the neighboring countries for
regional peace and improvement of optimum utilization of generation assets
under the visionary leadership of Prime Minister Shri Narendra Modi.
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The Memorandum of Understanding (MoU) was signed by (SJVNL) Chairman and Managing Director Shri Nand Lal Sharma and IBN Chief Executive Officer Shri Sushil Bhatta in the benign presence of Deputy Prime Minister of Nepal, Shri Bishnu Prasad Paudel and Ambassador of India to Nepal, Shri Vinay Mohan Kwatra. On this Occasion CEO SAPDC, Sh. Arun Dhiman and CFO SAPDC, Shri Jitender Yadav were also present along with other senior officials from the Government of Nepal and SJVN. SJVN Limited has bagged 679 MW Lower Arun HEP through International Competitive Bidding (ICB), which involved big players.
The Lower Arun Hydro Electric Project is located in Sankhuwasabha and Bhojpur Districts of Nepal. The project will not have any reservoir or dam and will be a tailrace development of 900 MW Arun3 HEP. The project will have four Francis-type turbines. On completion, the Project will generate 2970 million units of electricity per annum. It is scheduled to be completed in four years after the commencement of construction activities and has been allocated to SJVN for 25 years on Build Own Operate Transfer basis.
This is the second project awarded to SJVN in Nepal, the first one being the 900 MW Arun 3 Hydro Electric Project in Sankhuwasabha
District. Arun-3 Project is being implemented through a wholly-owned subsidiary
company of SJVN i.e. SJVN Arun-3 Power Development Company Limited (SAPDC)
incorporated in Nepal. SJVN Limited was allotted even this project through
international competitive bidding by the Government of Nepal on Build Own Operate
and Transfer (BOOT) Basis with a concession period of 25 years excluding 5
years of construction time.
The Foundation Stone of the Arun 3 project was jointly laid by Prime Minister of India Shri Narendra Modi and Prime Minister of Nepal Shri K P Sharma Oli at Kathmandu on May 11th, 2018. Arun 3 HEP is the largest project in Nepal and also the largest investment of around INR 7000 Crores by India in Nepal. The commissioning of this project will go a long way in fostering friendship between the two neighbors and also lead to accelerated development and economic revival of Nepal. Project construction works are going on in full swing. The power from this project will be evacuated to India through the 400 kV double circuit transmission line to Sitamarhi in Bihar, India, also being constructed by SAPDC.
SJVN’s present installed capacity is 2016.51 MW and aims to be 5000 MW Company by 2023, 12000 MW Company by 2030 and 25000 MW Company by 2040. SJVN has a presence in various sectors of energy generation which includes Hydro, Wind, Solar & Thermal. The company also has a presence in the field of Energy Transmission.
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