SJVN may bag Nepal project
Keen to become a global player in the hydel sector the Sutlej Jal Vidyut Nigam (SJVN) is hopeful of securing the Arun-III project in Nepal. The public sector undertaking has emerged as the the frontrunner for the 402-MW project after the first-ranked GMR Energy Ltd was assigned the Upper Karnali project. The Nepal government had adopted a policy under which a developer will be awarded only one project. A team of the nigam headed by CMD H.K.Sharma went to Kathmandu to hold negotiations with the Ministry of Water Resources early this month. The Nepalese government wants the nigam to give 21.9 per cent of the total power generated from the project free of cost on the plea that the third-ranked Jindal Steel and Power had already made this offer. H.K.Sharma said the nigam had given its offer and was awaiting decision of the Nepal government.
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