He further informed that SJVN started its journey in Nepal in 2008 by signing of the pact for implementation of 900 MW Arun-3 Project.
The project construction activities commenced with laying of the foundation stone jointly by Prime Minister Narendra Modi and his Nepalese counterpart K.P. Sharma Oli in 2018, with the active help and support of IBN and Government of Nepal.
Sharma further told that 900 MW Arun 3 Hydro Electric Project has achieved significant progress in the past three years despite the Covid-19 pandemic, as construction activities of the project are on full swing.
To mitigate any delays due to the pandemic, SJVN has already implemented an acceleration plan and is committed to commission this project ahead of schedule.
He also emphasised that such progress could not have been achieved without the continuous support of IBN and the Government of Nepal.
The requisite approvals were granted in a shortest possible time despite the challenges faced due to pandemic.
Nand Lal Sharma stressed that the hydro power has to be developed with the Integrated River Basin Development approach for economic viability and to give boost to infrastructural development.
This approach will result in optimisation of resources and faster project completion at lower cost.
He also requested the Government of Nepal for providing further opportunity to SJVN in partnering with the government for harnessing hydro power in Nepal.
SJVN’s current installed capacity stands at 2,016.51 MW and aims to be a 5,000-MW company by 2023, a 12,000-MW firm by 2030 and a 25,000-MW entity by 2040.
SJVN has a presence in various sectors of energy generation including hydro, wind, solar and thermal. It also has a presence in energy transmission.
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