CURRENT AFFAIRS

Detailed explanation-1: -The State Bank of India (SBI) 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.

Detailed explanation-2: -Chilime Hydropower Company Limited (Chilime) was incorporated in 1995 with an objective of hydroelectricity generation through optimal utilization of resources within the country. Nepal Electricity Authority (NEA) holds majority ownership with 51% share holding.

Detailed explanation-3: -First, implementing small hydropower projects to meet the local demands in remote areas. Second, implementing medium hydropower projects to meet the national demand, including surplus for export. Third, implementing large hydropower projects to meet the regional demand for energy.

Detailed explanation-4: -The estimated generation cost is Rs 220 million, while the cost for 1MW of hydropower will be between Rs 150-200 million, though costs often increase with increasing interest rates and local disputes. The demand of power in Singha Darbar is 500KW.

Detailed explanation-5: -September 20, 2022 | Investopaper Tila-1 Hydropower Project, Tila-2 Hydropower Project, and Upper Tamor Project are the three biggest projects with the installed capacity of 440 MW, 420 MW, and 285 MW respectively.