The government awarded this project to SJVN, an Indian government-owned entity, through international competitive bidding in March 2008.
https://kathmandupost.com/money/2024/06/05/nepal-s-first-export-project-achieves-tunnel-breakthrough
cover tunnel photo by: Matt Brown from London, England / CC BY
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https://kathmandupost.com/money/2024/06/05/nepal-s-first-export-project-achieves-tunnel-breakthrough
Nepal’s first export project achieves tunnel breakthrough
kathmandupost.comThe $1.4 billion Arun III hydro project, which is 900MW and being constructed by SJVN, is expected to start generation by next year.