SJVN has tied up finance for its 900 MW hydropower project, which will cost around Rs 11,000 crore Nepalese rupees (Indian Rs 6,880 crore). The SJVN Arun-3 Power Development Company (SAPDC) will invest NPR 11,000 crore in the next five years.
The Memorandum of Understanding for the execution of the project was signed with Government of Nepal on (BOOT) Build Operate Own and Transfer basis in March 2008.
SJVN is engaged in hydroelectric power generation originally established as a joint venture between the government and the state government of Himachal Pradesh to develop and operate the Nathpa Jhakri Hydro Power Station (NJHPS).
