SJVN’s wholly-owned subsidiary -- SJVN Arun-3 Power Development Company has inked term loan documents to get Rs 6,333.40 crore loan from a consortium of banks from India and Nepal for funding of its Arun-3 power project in Nepal.
The consortium, led by SBI India and PNB, have Exim Bank, Canara UBI & Everest Bank, Nepal & Nabil Bank, Nepal as consortium members. SJVN is implementing the 900-MW Arun-3 hydroelectric project in Nepal through SJVN Arun-3 Power Development Company. The project is in an advanced stage of construction and is targeted to be completed in the financial year 2023-24.
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).
