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Nepal, India Agree to Take Ahead Pancheshwor Project

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Nepal, India Agree to Take Ahead Pancheshwor Project
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April 3: Nepal and India have finally agreed to take ahead the Pancheshwor Multi-purpose Hydropower Project, which has been left undecided for a long time since signing the Mahakali Treaty between the two countries.    
The two sides agreed to advance the project after they held the bilateral talks between visiting Prime Minister Sher Bahadur Deuba and Indian Prime Minister Narendra Modi in India on Saturday.   
Even the detailed project report (DPR) has not be prepared despite the passage of two and half decade since the two countries signed the Mahakali Treaty.
Indian Prime Minister Modi termed the Pancheshwor project a 'game changer project' and expressed commitment that the long-awaited project would be advanced hereafter. This announcement has given hope that DPR would be prepared now. The two countries were supposed to prepare the DPR within six months after signing the  Mahakali Treaty.

However, issues over sharing of water from the Mahakali River between Nepal and India has not been settled yet, according to Ministry of Energy, Water Resources and Irrigation.     As per the Mahakali Treaty, both countries have agreed on five percent of water to be released for the livelihood of upper basin.
The Indian PM reiterated that the Pancheshwor project stalled since a long time would be expedited.  The Pancheshwor project is to be constructed with the joint investment of Nepal and India.    
The mega hydropower project aims to produce 1,480 MW electricity to benefit both the countries.   

Modi further said discussion was held on multi-dimensional relations between India and Nepal during the meeting with PM Deuba-led Nepali delegation. He also shared that both countries were ready to build partnership and cooperation in the energy sector.    
Other issues relating to energy and water resources including India assisting Nepal with the purchase of hydropower produced in Nepal and promotion of clean energy also figured in the high level meeting. -- RSS



 

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