Company selection for Lower Arun project development

Kathmandu. ASJVN Limited of India has been selected to develop the Lower Arun Hydropower Project in a public-private partnership format.

The decision was taken at the 46th meeting of the board chaired by Prime Minister and Chairman KP Sharma Oli at the Prime Minister’s residence in Baluwatar after evaluating the companies listed on the basis of international competition.

The project with a total capacity of 679 MW will be located in Sankhuwasabha and Bhojpur districts. The project was presented to the investors by the Government of Nepal on the occasion of the Investment Conference held in Kathmandu in Chaitra, 2075 BS.

In the meeting, Prime Minister Oli stressed on the need to plan for consumption along with the generation of electricity board spokesperson Dharmendra Kumar Mishra informed that he has instructed the officials of the concerned bodies of the Government of Nepal to work in a proper manner.

The meeting has decided to nominate Rajesh Kaji Shrestha, Haribhakta Sharma and Bhawani Rana as experts and Bal Krishna Shiwakoti as invited members in the Investment Board. Chief Executive Officer Sushil Bhatta briefed about the strategic plan of the Board of Investment, project bank, web-based single point service and other progress as directed by the previous board meeting.