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Chairman & Managing Director, SJVN Sh. Nand Lal Sharma expressed Keen Interest of SJVN in Development of Hydro Power Potential in Nepal

March 30, 2019

In an effort to enhance Nepal’s standing as a promising investment destination and to build on the recent encouraging developments, the Government of Nepal is organizing,‘Nepal Investment Summit 2019’ in Kathmandu. During the summit in the session titled asInvesting in Nepal: Experience sharing,Shri Nand Lal Sharma Chairman & Managing Director SJVN Limited stated that there is great opportunity of multiplying the per capita income of Nepal, even if half of the Hydro Power Potential of the country is harnessed. He further asserted that SJVN is very keen in development of Hydro Power Potential and actively participating in the economic growth of Nepal.

Sh. Nand Lal Sharma emphasized that the Hydro Power has to be developed in an integrated river basin development way so as to give boost to infrastructural development. He said that the infrastructural development would ensure in overall socio-economic development of the country as well as timely completion of hydro projects

While sharing his experiences about investment in Nepal Sh. Sharma told that SJVN will be investing around NPR 11000 crores (INR 7000 Crores) in 900 MW Arun 3 Hydro Electric Project which is allocated to SJVN in 2008 through International Competitive Bidding. He further said that SJVN has invested around NPR 800 crores till now and construction activities of this project will result in employment to around 3500 individuals. He further thanked the Government of Nepal and related departments for active support for project construction related activities.

The Nepal Investment Summit 2019 has brought together prominent National and International speakers, dignitaries, policy-makers as well as sector-specific experts and, more importantly, high-level representatives of various governments.
The Summit aims at generating interest in the international community and to create a positive momentum among potential foreign investors.
This Summit is a major investment promotion initiative of the Government of Nepal, in which SJVN is also actively participating.
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