CURRENT AFFAIRS

Detailed explanation-1: -Explanation: Nepal has signed a USD 1.3 billion deal with India, to develop a 679-megawatt Lower Arun Hydropower project, located between Sankhuwasabha and Bhojpur districts in eastern Nepal. 1454.

Detailed explanation-2: -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.

Detailed explanation-3: -According to the agreement on Arun III, the Indian company will pay INR 330 billion as royalty to Nepal for 20 years.

Detailed explanation-4: -Arun III is a run-of-the river-type hydro-electric project under construction on the Arun River in Sankhuwasabha District of Province 1, Nepal. The project is of 900 megawatts capacity and will be the largest hydropower plant in South Asia.

Detailed explanation-5: -The project lies in Gorkha and Dhading districts in Western/ Central Development region of Nepal. The project site is accessible through Benighat (At about a distance of 80 km from Kathmandu) on Prithvi Highway (Kathmandu - Pokhara).