SJVN has arranged for funds to the tune of 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.
The consortium led by SBI India and PNB, have Exim Bank, Canara UBI & Everest Bank, Nepal & Nabil Bank, Nepal as consortium members.
SJVN is implementing the 900-MW Arun-3 hydroelectric project in Nepal through its wholly-owned subsidiary SJVN Arun-3 Power Development Company.
SJVN intends to complete the construction of 900-MW Arun-3 HEP (hydro electric project) one year ahead of the scheduled commissioning of the project in February 2025.
Currently, SJVN has a portfolio of over 16,000 MW, with 2,016.50 MW installed capacity and the rest under various stages of development.