Kathmandu: The government has decided to award the contract for the construction of the Lower Arun Hydropower Project to SJVN Limited, India.

The 46th meeting of the Investment Board Nepal (IBN) held on Friday came up with the decision to award the contract to the Indian company under the build, own, operate and transfer (BOOT) model as a public-private-partnership. According to the IBN, the meeting chaired by Prime Minister KP Oli chose the developer company based on an assessment of the listed companies selected through an international bidding process.