SBI to invest in hydropower project

SBI will be investing a total of Rs 80 billion in the ‘Arun III’ hydropower project of Nepal, which will produce 900 megawatts of electricity.The SJVN, which has been awarded with the construction of the mega power project of Nepal, has made an informal agreement with the SBI to acquire the investment as a loan. The mega project is targeted to be completed by 2022’s September.

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