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
75
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

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

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

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

by CEO Tab
October 15, 2026
0
Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

Nepal Rastra Bank’s report for the first two months of fiscal year 2026/27 shows rising inflation alongside improvements in remittance inflows, foreign trade, the current account and foreign...

Read more

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

by CEO Tab
October 15, 2026
0
NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

The Nepal Stock Exchange (NEPSE) gained 4.67 points on Thursday to close at 2,625.93, extending its rally to six consecutive trading days. Daily turnover rose slightly to Rs...

Read more

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

by CEO Tab
October 15, 2026
0
Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

Banks and financial institutions (BFIs) have increased lending against shares as collateral, with outstanding loans reaching Rs 167.85 billion by mid-September 2026, according to Nepal Rastra Bank (NRB)....

Read more

NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

by CEO Tab
October 15, 2026
0
NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

The Nepal Telecommunications Authority (NTA) has fined 14 internet service providers Rs 50,000 each for violating approved service packages, overcharging customers and failing to inform users about changes...

Read more

NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

by CEO Tab
October 14, 2026
0
NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

The Nepal Stock Exchange (NEPSE) rose by 21.32 points to close at 2,621.26 on Wednesday, while daily turnover declined to Rs 4.13 billion from Rs 4.73 billion on...

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.