CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Construction of Lower Arun Hydropower Project gets momentum

CEO Tab by CEO Tab
January 21, 2024
in Prime News
0
Domestic investors keen on investing in Upper Arun
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The 669 MW Lower Arun Hydropower Project has expedited the work of land acquisition to give momentum to construct the project.

You might also like

BFIs Disburse Rs 162.87 Billion in Share-Backed Loans Amid Surplus Liquidity

NPC Calls for Reducing National Pride Projects to Improve Efficiency and Control Costs

Consumer Inflation Doubles to 5.22% as Food, Fuel and Transport Costs Push Up Prices

The District Administration Office (DAO), Sankhuwasabha, in this regard issued a public notice on Saturday to acquire land plots that belong to 656 individuals. According to the DAO, the land plots located in ward numbers 1, 3 and 8 of Diding Rural Municipality, ward numbers 2,3,4,5,6 and 7 of Sitalpati Rural Municipality, ward number 9 of Panma Rural Municipality and ward numbers 4, 6 and 7 of Manakamana Rural Municipality of Sankhuwasabha district will be acquired for the project.

The DAO has asked the concerned land owners to come up with necessary clarification if they have any reason not to permit the proposed land plots for acquisition. Likewise, the local administration has also barred the concerned individuals from constructing permanent structures on the land plots from Saturday, the day of the release of the public notice. 

The government has awarded the contract to construct the hydropower project to Satluj Jal Vidyut Nigam, a hydropower generating company of India. The company has also been undertaking the construction of the Arun-III Hydropower Project.

During Prime Minister Pushpa Kamal Dahal’s visit to India in June, a project development agreement (PDA) was signed between Nepal and India to construct the Lower Arun Hydropower Project. The Cabinet meeting later endorsed the PDA.

As per the bilateral agreement, the entire power produced from the project will be exported, enhancing Nepal’s capacity to sell its electricity to its southern neighbor.

The Investment Board Nepal (IBN) had approved an investment of Rs 92.68 billion for the 669-MW capacity project. According to the IBN, the developer should complete the detailed project study of the project and submit the detailed project report for approval to the board within two years from the agreement date. The project will be built under the build, own, operate and transfer (BOOT) model.

The project will not have any reservoir or dam and will be a tailrace development of Arun-III hydro project, which will mean water re-enters the river for the Lower Arun project.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

BFIs Disburse Rs 162.87 Billion in Share-Backed Loans Amid Surplus Liquidity

by CEO Tab
July 14, 2026
0
BFIs Disburse Rs 162.87 Billion in Share-Backed Loans Amid Surplus Liquidity

Kathmandu: Nepal's banks and financial institutions (BFIs) disbursed Rs 162.87 billion in loans backed by shares during the first 11 months of the current fiscal year 2025/26, reflecting...

Read more

NPC Calls for Reducing National Pride Projects to Improve Efficiency and Control Costs

by CEO Tab
July 14, 2026
0
NPC Calls for Reducing National Pride Projects to Improve Efficiency and Control Costs

Kathmandu: The National Planning Commission (NPC) has recommended that the government significantly reduce the number of national pride projects, arguing that a smaller and better-funded portfolio would help...

Read more

Consumer Inflation Doubles to 5.22% as Food, Fuel and Transport Costs Push Up Prices

by CEO Tab
July 14, 2026
0
Consumer Inflation Doubles to 5.22% as Food, Fuel and Transport Costs Push Up Prices

Consumer prices in Nepal rose sharply in mid-June 2026, with year-on-year inflation climbing to 5.22 percent, nearly double the 2.72 percent recorded during the same period last year,...

Read more

Mini Casinos at the Brink: Why Nepal Needs a Balanced Tax Policy, Not a Punitive One

by CEO Tab
July 14, 2026
0
Mini Casinos at the Brink: Why Nepal Needs a Balanced Tax Policy, Not a Punitive One

The budget for Fiscal Year 2083/84 has pushed Nepal's mini (electronic) casino industry to a critical turning point. In an effort to increase government revenue, the annual royalty...

Read more

Commercial Banks’ Net Profit Surges Nearly 20% to Rs 64.56 Billion in 11 Months

by CEO Tab
July 13, 2026
0
Commercial Banks’ Net Profit Surges Nearly 20% to Rs 64.56 Billion in 11 Months

Kathmandu: Nepal's commercial banking sector posted a strong financial performance in the first 11 months of the current Fiscal Year 2025/26, with combined net profits rising by nearly...

Read more
Next Post
DoFE halts online service

Over 343,000 Nepali youths sought foreign employment in the first half of current FY

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.