Kathmandu, May 16
The Nepal Electricity Authority (NEA) and Sutlej Hydropower Corporation, a joint venture of the Central Government of India and the Government of Himachal Pradesh, have signed a
Memorandum of Understanding (MoU) to jointly construct the Arun-4 semi-reservoir
hydropower project on the Arun River in Sankhuwasabha.
In the presence of Prime Minister Sher Bahadur Deuba and his Indian counterpart Narendra
Modi, NEA Executive Director Kulman Ghising and Sutlej Chairman and Managing Director
Nandlal Sharma signed the MoU on Monday.
The building of Arun-4 is being carried out with the help of government-owned enterprises, in line with the joint vision agreement on energy cooperation signed by the two countries’ Prime Ministers during Prime Minister Deuba’s visit to India in April 2022. The project is expected to cost Rs. 79.12 billion. The project will generate 2.14 billion units of electricity per year on average.
