Follow Us:

India, Nepal fail to agree on project

Statesman News Service |

press trust of india
KATHMANDU, 14 SEPT: Nepal and India have agreed to expedite work on power trade but were unable to reach a decision on the 5,600-MW Pancheshwar multipurpose dam project, proposed 15 years ago for sharing power and water on 50-50 basis.
A proposal for finalising a detailed project report for the Pancheshwar project figured during the two-day meeting of the Nepal-India Joint Technical Standing Committee, which was held here after a gap of two years.
However, the two sides were unable to reach a decision on finalising the detailed project report, said a press release issued today by Nepal’s Department of Energy.
India and Nepal reached an initial agreement to develop the Pancheshwar project on the Sarada river some 15 years ago though work could not move forward due to the political instability in Nepal.
The Joint Technical Standing Committee, whose meeting concluded yesterday, also discussed the establishment of a Pancheshwar Development Joint Authority to expedite work on the venture.
The panel agreed to expedite work on power trade, a cross-country transmission line, energy banking and exchanging information on a flood control mechanism.
The two sides reviewed the ongoing construction of dams on the Bagmati, the Kamala and the Lalbakaiya rivers.