Location : Nepal

What is in news : Nepal has inked a USD 1.3 billion deal with Satluj Jal Vidyut Nigam (SJVN) of India to develop a 679-megawatt hydropower project in eastern Nepal.

Facts :

• Second mega venture in Nepal, undertaken by India.
• Single largest foreign investment project.
• Will be developed under build, own, operate and transfer (BOOT) model.
• Capacity – 679 MW
• Aim – Assisting people who live closer to hydropower project by uplifting their socio-economic levels by generating employment for locals and boosting local trade & industries

MAHITI FOR PRELIMS

Arun River

• Largest trans-Himalayan River that passes through Nepal.
• Drains into Sapta Kosi river system.
• In Tibet, it is known as Men Qu in upper reaches and as Peng Qu for most of its course towards north of Himalayan crests.

BOOT MODEL

• Form of project delivery method
• Usually used for large-scale infrastructure projects
• Private entity receives a concession from public sector to design, finance, construct, own, and operate a facility