SJVN Arun-3 Power Development Company Pvt. Ltd. (SAPDC) was incorporated & registered on 25.04.13 as a single shareholder Pvt. Ltd. Company under the Nepalese Companies Act 2063 with SJVN Ltd. is its sole shareholder.

The principal objective of SAPDC is to Plan, Promote, Organize and Execute 900 MW Arun-3 Hydro-electric Project. The Project Development Agreement (PDA) was signed on 25.11.14 between Investment Board of Nepal (IBN), GoN and SAPDC.