Modi, Oli jointly lay foundation stone of 900-MW Arun III Hydro power plant


Modi, Oli jointly lay foundation stone of 900-MW Arun III Hydro power plant

Prime Minister Narendra Modi and his Nepalese counterpart K P Sharma Oli today jointly laid the foundation stone of the 900-megawatt Arun III Hydroelectric Power Plant in Tumlingtar area in eastern Nepal through a remote system here.

The project is expected to bring in USD 1.5 billion foreign direct investment into Nepal and create jobs for thousands of people.

Investment Board Nepal (IBN) recently granted the licence to Satluj Jala Vodyut Nigam Power Development Company, a subsidiary of Indian government-owned Satluj Jal Vidyut Nigam Ltd, to generate power from the Arun-III Hydropower Project, nearly 500-km from Kathmandu. Read More

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