Nepal has granted an Indian government-owned subsidiary the power generation licence from a 900-megawatt hydropower project, days ahead of Prime Minister Narendra Modi's two-day visit to the country from May 11.
Investment Board Nepal (IBN) recently granted the licence to Satluj Jala Vodyut Nigam Power Development Company, a subsidiary of Indian government-owned Satluj Jal Vidyut Nigam Ltd, to generate power from the Arun-3 Hydropower Project located in eastern Nepal.
The permit was granted in line with the decision of the 30th meeting of IBN's board of directors chaired by Prime Minister KP Sharma Oli on April 28, according to an IBN official.
The company has paid the board Nepali Rupees 5 million as licence fee.
Source:
https://www.moneycontrol.com/news/business/nepal-grants-power-generation-licence-to-indian-company-2565099.html
