Wednesday, 22 February 2017

Centre clears Rs 5,700-cr hydro project to be set up in Nepal

The government today approved a 900 MW hydropower project to be set up in Sankhuwasabha district of Nepal at a cost of Rs 5,723.72 crore. The decision to approve the Arun-III project was taken at a meeting of the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi. 

“The Cabinet today approved setting up of Arun-III project at an estimated cost of Rs 5,723.72 crore. The project is expected to achieve financial closure by September this year. The projected will be implemented within five years,” Power Minister Piyush Goyal told reporters at a briefing here.

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