WHY IN NEWS? Nepal has inked a USD 1.3 billion deal with Satluj Jal Vidyut Nigam (SJVN) of India to develop a 679-megawatt hydropower project in eastern Nepal. About: This will be the second mega venture in Nepal, undertaken by India. It is the single largest foreign investment project. It is based on 2017 cost estimates. To develop the project, a memorandum of understanding was signed by Chief Executive Officer of Investment Board of Nepal Sushil Bhatta and Chairman & Managing Director of SJVN Nand Lal Sharma in Kathmandu. This hydropower project will be developed under build, own, operate and....Read More
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