India gets approval to set up second hydroelectric project in Nepal

Tags: International News

The Government of Nepal has approved India's Sutlej Jal Vidyut Nigam Limited (SJVN) to develop the second hydroelectric project in the country.

An Overview of the News

• SJVN is currently involved in the development of the Arun-III Hydroelectric Project in eastern Nepal with a capacity of 900 MW.
• The Investment Board Nepal (IBN), chaired by Prime Minister Pushpa Kamal Dahal, approved the draft Project Development Agreement (PDA) between Nepal and SJVN.
• The PDA is for development of the Lower Arun Hydroelectric Project in eastern Nepal with a capacity of 669 MW.
• The Lower Arun Hydroelectric Project is to be developed by SJVN.

About Nepal

• The kingdom of Nepal was established by the Shah dynasty.
• It is a landlocked country in South Asia.

Prime Minister - Pushpa Kamal Dahal Prachanda

President - Ram Chandra Paudel

Capital - Kathmandu

Currency - Nepalese Rupee