Nepal PM to encourage Pancheshwor proj during India visit
Last Updated: Tuesday, August 18, 2009, 13:48
Kathmandu: Ahead of his maiden official visit to India, Prime Minister Madhav Kumar Nepal has said he will push forward the Pancheshwor multipurpose project as the electricity generated from it will be seven times cheaper than the normal hydropower projects in power-starved Nepal.

"The cost of the project is seven times cheaper than ordinary power projects, therefore, this project including the preparation of the Detailed Project Report must be expedited," he told in an interview at his official residence here ahead of his departure for New Delhi on a five-day visit.

The Pancheshwor project was part of the Mahakali Integrated Treaty signed between Nepal's Premier Sher Bahadur Deuba and then Indian Prime Minister P V Narasimha Rao in 1996 and CPN-UML, which was the main opposition at that time, also endorsed the decision reaching a national consensus.

However, the project could not be taken forward due to political instability in Nepal. Shortly after that the Maoists launched a decade long armed struggle to topple monarchy.

After Maoists came to power through the peace process ending the decade long conflict, the first Prime Minister of Republic of Nepal Prachanda also expressed willingness to expedite the project when he visited India last year.

He even proposed to construct power projects to generate 10,000 MW power within the next 10 years by implementing various projects including the 6,000 MW Panchshwor and 3,200 MW Koshi high dam Projects.

Bureau Report

First Published: Tuesday, August 18, 2009, 13:48

comments powered by Disqus