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Nepal signed Deal with India’s SJVNL

Published on July 13, 2021
Current Context: Nepal has entered into a deal agreement with India’s hydropower major Satluj Jal Vidyut Nigam Ltd (SJVNL) to develop a 679-megawatt hydropower project in the East part of Nepal.
Nepal signed Deal with India’s SJVNL
  • A deal of USD 1.3 billion was signed between the entities.
  • This will be the second mega venture undertaken by India in the neighbouring Himalayan nation after the USD 1.04 billion 900-MW Arun-3 hydroelectric projects.
  • The project will be situated between Sankhuwasabha and Bhojpur districts in eastern Nepal.
  • The 679-megawatt Lower Arun Hydropower project will be developed under the build, own, operate and transfer (BOOT) model of SJVNL.
  • Static Part: 
    • HQ of SJVNL: Shimla, Himachal Pradesh
    • Capital of Nepal: Kathmandu
    • Currency of Nepal: Nepalese Rupees
    • Prime Minister of Nepal: K P Sharma Oli
    • President of Nepal: Bidhya Devi Bhandari

Question: 

Q.1 Which country signed an agreement of USD 1.3 billion with India’s Satluj Jal Vidyut Nigam Ltd (SJVNL) to develop a 679-megawatt hydropower project in that particular country?
a. Bangladesh
b. Bhutan
c. Sri Lanka
d. Nepal
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