| Project Detail |
The Arun-III hydropower plant will be developed on the Arun River in Sankhuwasabha District of Province 1, East Nepal. It is an export-oriented project with a power generation capacity of 900MW.
Estimated to cost $1.04bn, the hydropower plant will produce 4,018.87 million units of electricity a year. It is being developed on a build-own-operate and transfer (BOOT) basis by Satluj Jal Vidyut Nigam (SJVN) Arun 3 Power Development Company (SAPDC), a joint venture of the Government of India and the Government of Himachal Pradesh.
SJVN was established in 2013 with an aim to plan, promote, organise and execute the Arun-III power plant. SJVN signed a memorandum of understanding (MoU) for the execution of the project with the Government of Nepal (GoN) in March 2008.
SJVN will operate the power plant for a concession period of 30 years, following which the ownership will be transferred to the GoN. It will provide 21.9% of free power to Nepal during the concession period.
The Ministry of Science, Technology & Environment, GoN, approved the environmental assessment report for the project in August 2015. Construction of the hydropower plant commenced in May 2018 and completion is scheduled for 2022.
The project is expected to generate 3,000 jobs during construction in India and Nepal together.
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