PDA signed for Arun II

Kathmandu, November 26. The PDA was signed on the sidelines of the Saarc Summit in the presence of Prime Minister Sushil Koirala and Indian PM Narendra Modi.

IBN Chief Executive Officer Radhesh Pant and RP Singh, chairman and managing director of SJVNL, have inked a deal for the Rs 104 billion project.

The Arun III PDA is based on the Upper Karnali Hydro Power Project model. As Satluj’s obligations are similar to GMR’s that recently concluded PDA negotiations for the Upper Karnali, Satluj would also study the upstream and downstream impact within six months of PDA signing.

Satluj will complete the construction of the project and start energy generation by 2020.