SJVN signs PDA for 669 MW Lower Arun HEP with IBN, GoN

SJVN Ltd has signed Project Development Agreement (PDA) of 669 MW Lower Arun Hydro Electric Project in Nepal.

The Project shall be constructed in five years at a cost of ₹5,792 crores with a levelized tariff of ₹4.99 per unit. The project will be developed on BOOT basis and on completion it will generate 2,901 million units of energy annually. In addition to this, the Company is also developing 217 KM long associated Transmission Network for power evacuation and export to India.

The 669 MW Lower Arun Hydro Electric Project is in Sankhuwasabha and Bhojpur districts of Nepal. The Company won the project through International Competitive Bidding in February 2021 and the MoU was signed in July 2021. A tail race development of 900 MW Arun 3 HEP project will not have any reservoir or dam and will operate as Tandem Operation System with Arun-3 Project.

Presently, the Company is executing three hydro projects of 2,059 MW in Nepal. 900 MW Arun3 HEP is in advance stage of construction and 490 MW Arun-4 HEP will be developed in Joint Venture mode by the Company and Nepal Electricity Authority. The Company is targeting for 5,000 MW projects in Nepal by 2030.

Shares of SJVN Limited was last trading in BSE at Rs. 35.57 as compared to the previous close of Rs. 35.78. The total number of shares traded during the day was 214207 in over 541 trades.

The stock hit an intraday high of Rs. 36.17 and intraday low of 35.50. The net turnover during the day was Rs. 7679263.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 Nepal ProjectDevelopmentAgreement 669MW LowerArun HydroElectricProject