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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following Bank will be investing a total of Rs 80 billion in the Arun III hydropower project of Nepal, which has 900 megawatts (MW) electricity production capacities?
A
Punjab National Bank
B
Bank of Baroda
C
State Bank of India
D
ICICI Bank
Explanation: 

Detailed explanation-1: -NEW DELHI, April 9: The State Bank of India (SBI) will be investing a total of INR 80 billion in the Arun III hydropower project of Nepal, which has 900 megawatts (MW) electricity production capacities.

Detailed explanation-2: -The technical and economically feasible hydropower potential of Nepal has been estimated at 83, 000 and 42, 000 megawatts (MW), respectively.

Detailed explanation-3: -KATHMANDU, April 13: Nepal produced an additional 710 MW of hydroelectricity in the Nepali year 2078 (mid-April 2021 to mid-April 2022) that ended on Wednesday.

Detailed explanation-4: -In June 2022, it increased the amount to 364 MW. Nepal added 710 MW of hydropower to its national grid in 2021, giving the country an energy surplus for the first time and expanding its installed hydropower capacity to 2, 190 MW, according to the Nepal Electricity Authority.

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