KATHMANDU: The first meeting of the Pancheshwor Development Authority is scheduled to be held from September 22-23 in Kathmandu.
Indian Prime Minister Narendra Modi, during his Nepal visit in the first week of August, had pledged to take ahead the project within a year.
The Pancheswor Multipurpose Project is expected to generate 6,480MW energy and irrigate 93,000 hectares of land in Nepal, and 1.6 million hectares in India.
Keshav Dhwoj Adhikari, joint secretary at the Energy Ministry, said the first meeting would take a decision on how to set up the authority’s headquarters in Mahendranagar as per the previous agreement. He said the meeting would also discuss appointment of a chief executive, recruitment of staff and operation guideline of the headquarters.
“We will also hold discussions on the draft statute of the authority and try to finalise it,” Adhikari said, adding other matters to be discussed include resources generation.
Energy Secretary from Nepal and Water Resources Secretary of India will lead their respective teams at the meeting.
Speaking at the 20th Annual General Meeting of Nepal-India Chamber of Commerce and Industry (NICCI) here on Sunday, Indian Ambassador to Nepal Ranjit Rae also said the meeting would discuss establishing the joint project office which would then prepare a detailed project report within the next one year.
Nepal and India signed an agreement for the development of the Pancheswor project in February 1996 during the signing of the Mahakli Treaty. However, almost no progress has been made so far. The project is based in Mahakali Zone, covering some parts of Darchula, Baitadi and Dadeldhura districts.
Although a DPR of the project has been prepared, the two countries have agreed to hold a fresh DPR as few differences arose in the existing one.
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