SJVN to get Rs 6,333 cr loan for Arun-3 hydro project in Nepal

24 Feb 2022 CW Team

Satluj Jal Vidyut Nigam (SJVN), a state-owned hydroelectric power generation company, signed documents to get a Rs 6,333.40 crore loan from a consortium of banks from India and Nepal for funding its Arun-3 power project in Nepal.

According to the media, the consortium in India, led by the State Bank of India (SBI) and Punjab National Bank (PNB), have Exim Bank, Canara UBI and Everest Bank, Nabil Bank as its consortium members.

On behalf of SJVN Arun-3 Power Development Company (SAPDC) and other respective signatories of consortium banks, Jitendra Yadav, Chief Finance officer, signed the loan papers.

Nand Lal Sharma, SJVN Chairman and Managing Director (MD), told the media that SJVN is executing the 900-MW Arun-3 hydroelectric project (Arun-3 HEP) in Nepal via its wholly-owned subsidiary SAPDC.

He said that the project is in a progressive stage of construction and is likely to be completed by the financial year (FY) 2023-24.

Sharma said the project completion has been increased by nearly a year. It would greatly significantly benefit both SJVN and the Nepal Government.

Moreover, it would enable the Government of Nepal to start receiving power supply as a basic infrastructure for the industrial development of the country.

The Chairman and MD also revealed that the Nepal Government also allocated Lower Arun Hydro Power Project to the company.

At present, SJVN has a portfolio of over 16,000 megawatts (MW), including 2,016.50 MW installed capacity and the remaining under different stages of development.

Currently, the company is ready to accomplish 5,000 MW by 2023, 25,000 MW by 2030, and 50,000 MW installed capacity by 2040.

Image Source

Also read: SJVN secures a 200 MW solar power project in Bihar

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..