SJVN Arun-3 Power Development Company Pvt.Ltd Memorandum of Understanding (MOU) was signed with the Govt. of Nepal for the execution of 900 MW Arun – III HE Project on 02.03.08 with a construction period of 5 years from date of financial closure of the project & operation period of 25 years. The project was allotted to SJVN on BOOT basis based on competitive bidding