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