DFS organises PSB Manthan 2025 (See 'Corp Brief') IICA DG highlights ESG Integration and IBC 3.0 at Corp-Con 2025 (See 'Corp Brief') PMLA - If additional proceeds of crime are unearthed by ED during further investigation, then it can inform CBI for taking further necessary action at their end: SAFEMA (See 'Legal Desk') Prajapati Assumes Charge as Director of All India Institute of Ayurveda (See 'Corp Brief') SEBI - Fact that transactions in particular contract were reversed with same counterparty indicates prior meeting of minds with view to execute reversal trades at pre-determined price: SEBI (See 'Legal Desk') Govt goes for AI-based weather forecasting for agriculture (See 'Corp Brief') India partners with Iceland for sustainable Blue Growth (See 'Corp Brief') Ministry of Coal hosts Roadshow on Coal Gasification-Surface and Underground Technologies (See 'Corp Brief') Reddy inaugurates IBM's Regional Office in Ranchi (See 'Corp Brief') Insurance Surety Bonds for NHAI Contracts Crosses Rs. 10,000 Crore Landmark (See 'Corp Brief') 56th GST Council decisions to benefit both Coal Producers and Consumers (See 'Corp Brief') Railways begins loading of Fresh Apples for Delhi Market (See 'Corp Brief') SEBI - Purposes of disclosure is to bring about transparency in transactions and assist Regulator to effectively monitor transactions in market: SEBI (See 'Legal Desk') RM virtually flags-off Tri-service all-women circumnavigation sailing expedition (See 'Corp Brief') DFS Secy chairs meeting to discuss issues related to Infrastructure Sector (See 'Corp Brief') India sustains major gains in Malaria reduction, aims for elimination by 2030 (See 'Corp Brief') SEBI - Retrospective directions given without notice cannot be sustained: SAT (See 'Legal Desk') GST Reforms in Mining Sector to boost Housing and Small-scale Enterprises (See 'Corp Brief') 'Adi Sanskriti' - A Digital Learning Platform for Tribal Artforms launched (See 'Corp Brief') IPR - No cause of action arises merely from filing trademark application: HC (See 'Legal Desk') MoS chairs 14th Pension Adalat at Vigyan Bhawan (See 'Corp Brief') IBC - Liability of Guarantor and Principal Borrower does not always need to be same: NCLT (See 'Legal Desk') Giriraj Singh highlights transformative outcomes of Next-Gen GST Reforms (See 'Corp Brief') Coal India Limited and NSTFDC Sign MoU to Empower Tribal Students through Eklavya Model Residential Schools (See 'Corp Brief') Chouhan, Rekha Gupta formally inaugurate SARAS Livelihood Fair (See 'Corp Brief') NSTFDC & Coal India ink MoU to empower 30,000 Tribal Students with Digital Learning (See 'Corp Brief') Scope of Social Security to expand with SPREE-2025 and AMNESTY Scheme (See 'Corp Brief') IPR - Writ court can't substitute its subjective view with respect to aspects such as deceptive similarity, once Commercial Court has taken view in that regard, unless such view is found to be palpably erroneous: HC (See 'Legal Desk') CCI okays buy of Dana Incorporated's off-highway business by Allison Transmission (See 'Corp Brief') IEPFA hosts Conference on 'Unlocking Potential of Idle Financial Assets' (See 'Corp Brief') NCEL, APEDA sign MoU to boost cooperative-led agricultural exports (See 'Corp Brief') iDEX-DIO, EdCIL India ink MoU to develop dual-use tech under new ASPIRE program (See 'Corp Brief') IPR - Infringement can arise from any acts of making, using, offering for sale, selling, or importing patented product without consent, and marketers and sellers are equally liable: HC (See 'Legal Desk') Ministry of Minority Affairs concludes 5th Edition of Lok Samvardhan Parv in Kochi (See 'Corp Brief') GST reforms to empower Youth, Promote Fitness and Enhance Ease of Living (See 'Corp Brief') SARFAESI - If Legal representative of deceased guarantor has inherited property in question, then liability of deceased guarantor to repay debt shall fall upon representative who were party to DRT proceedings: HC (See 'Legal Desk') NTH offers Drone Certification at Industry's lowest Fee of Rs.4.2 Lakh (See 'Corp Brief') Scindia to lead Indian Delegation at Universal Postal Congress in Dubai (See 'Corp Brief') IPR - Defendant's continued use of 'IMS Young Achievers' after termination of its agreement with plaintiff amounted to trademark infringement & passing off: HC (See 'Legal Desk') DRDO organises conclave for capacity building of MSMEs (See 'Corp Brief') IPR - Suppression must be deliberate, material, and of high degree to warrant vacating ad-interim relief: HC (See 'Legal Desk') MoS pledges support for '#GarvSeSwadeshi', reaffirming govt's commitment to Atmanirbhar (See 'Corp Brief') IBC - Once there is no variance inter se between Defendants, then Sec 133 of Contract Act does not come into play and Plaintiff cannot seek discharge of its liability under unconditional bank guarantee issued in favour of beneficiary: HC (See 'Legal Desk') ICGEB New Delhi commemorated first anniversary of BioE3 Policy (See 'Corp Brief') A&C - Delay in filing and refiling appeals cannot be condoned due to lack of bona fide: HC (See 'Legal Desk') Board to Report what's Right what's Not (See CORP EINSICHT)

Nepalese PM triggers last blast of Head Race Tunnel of Arun-3 Hydro Electric Project

Published: Jun 06, 2024

By TIOLCorplaws News Service

NEW DELHI, JUNE 06, 2024: PRIME Minister of Nepal Pushpa Kamal Dahal 'Prachanda' triggered the last blast to mark the completion of heading excavation for the 11.8 km long Head Race Tunnel of 900 MW Arun- 3 Hydro Electric Project in Sankhuwasabha District of Nepal. Arun - 3 Hydro Electric Project is being executed by SJVN Arun-3 Power Development Company Pvt. Ltd. (SAPDC), a fully owned subsidiary of SJVN. SAPDC is a significant collaboration between SJVN and the Government of Nepal, which aims to enhance regional energy security and boost economic development through sustainable hydropower generation in Arun River Basin.

Minister of Energy, Water Resources and Irrigation of Nepal Shakti Bahadur Basnet; Health Minister, Province 1 of Nepal Rajender Karki; India's Ambassador to Nepal Naveen Srivastava; Chairperson & Managing Director, SJVN, Sushil Sharma; CEO, Investment Board of Nepal. Sushil Bhatta; CEO, SAPDC, Arun Dhiman; Executive Director, SJVN, Rakesh Sehgal ; and other officials of Government of Nepal and local authorities were present at the tunnel breakthrough ceremony.

Addressing the gathering, the Prime Minister of Nepal said that this breakthrough brings us closer to the goal of providing clean, renewable energy and in contributing to the sustainable development of the region. He expressed his appreciation for the ongoing efforts and reaffirmed the commitment of the Government of Nepal to facilitate the timely completion of Arun - 3 Hydro Electric Project.

India's Ambassador to Nepal Naveen Srivastava recalled in his address that the Prime Minister of India Narendra Modi and his Nepali counterpart Pushpa Kamal Dahal 'Prachanda' had agreed last year, to the long-term power trade agreement for the import of electricity from Nepal. He said that completion of export-oriented 900 MW Arun 3 Hydro Electric Project will be a major milestone for this.

CMD, SJVN, Sushil Sharma apprised the Prime Minister of Nepal that the successful breakthrough of the Head Race Tunnel marks a significant milestone in the construction of the 900 MW Arun-3 Hydro Electric Project. He added that the successful completion of the Head Race Tunnel is a monumental achievement in the journey to harness the hydropower potential of the Arun River.

The CMD briefed the Prime Minister about the progress of the project and the associated 217 km. long transmission line. He informed that more than 74% of the project works have been completed and that the remaining works are going on in full swing. He added that Arun- 3 Hydro Electric Project will start generating electricity by next year and that it has the potential to generate 3,924 million units of electricity every year.

The CMD said: "We are grateful for the unwavering support from the Government of Nepal, local authorities, and the community. This project symbolizes the strong partnership between India and Nepal in the energy sector and our collective efforts to achieve energy security and environmental sustainability."

During his visit to Nepal, CMD, SJVN also met with Chief Secretary of Nepal Dr. Baikuntha Aryal and Home Secretary of Nepal Eaknarayan Aryal and discussed various issues related to development of hydroelectric projects in Arun Valley in Nepal.

Currently, SJVN is executing 2,200 MW of three Hydroelectric Projects on Arun River basin in Nepal.

TIOL CORP SEARCH

TIOL GROUP WEBSITES