IBN seeks proposals from three shortlisted companies


, February 15

The Investment Board (IBN) has sought proposals from the three selected firms to construct the 400-megawatt .

The IBN had earlier shortlisted joint-venture company of and Development Company (HIDC) and Power Construction of China Ltd (Power China); Satluj Jal Vidyut Nigam (SJVN) of India; and joint venture of Green Resources Ltd and Electrical Power Development Company to develop the Lower Arun Hydropower Project.

Similar to the , which will provide 21 per cent free power to Nepal during the concession period, the developer of the Lower Arun hydel project should also prioritise providing certain per cent of power free of cost, as per IBN.

Similarly, IBN has stated that the developer of the Lower Arun project, which is located in Sankhuwasabha and Bhojpur districts, must ensure that the length of the main tunnel is 15 km. The project cost for Lower Arun is estimated at over Rs 100 billion. As per the initial study conducted by Brass Power, the installed capacity of the project can be enhanced to around 1,000 MW if it is developed as a storage-type p

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