6,480 MW Pancheshwar Multipurpose Project Six Vital Issues on Pancheshwar to be Addressed before Cashing Modi’s One Billion US Dollars

Prime Minister Narendra Modi’s visit to Nepal in August 2014 was instrumental in reinvigorating the stalled 6,480 MW Pancheshwar Multipurpose Project. In particular, the one billion US Dollar soft loan for infrastructures that Modi offered to Nepal has generated much enthusiasm. As the Mahakali Treaty was ratified in September 1996, and as public memory is short, this article reverts back 18 years ago into the heady days when the Water Resources Minister, Pashupati SJB Rana, publicly claimed that the sun would now begin to ‘rise from the west’! At that time, even the leaders in the opposing camp (the CPN-UML), started to count their chickens in billions and billions of rupees accruing from the sale of electricity to India. Today, that ‘Som Sharma euphoria’ has again started to percolate among our political leaders. The article, hence, poses six vital issues that need to be ‘fixed’ before the Pancheshwar Multipurpose Project can begin to taxi along the runway: i) validity of Rashtriya Sankalpas/national strictures; ii) re-constituting the all-party Parliamentary Monitoring Joint Committee; iii) export of energy and its pricing principle; iv) formation of Mahakali River Commission; v) equal sharing of Mahakali waters after the completion of the Pancheshwar Project; and vi) determining the origin of Mahakali River. The author believes that until these vital issues are fixed in an amicable and good faith manner, the viability of the Pancheshwar Multipurpose Project will again be in doubt ! DOI: http://dx.doi.org/10.3126/hn.v15i0.11284 HYDRO Nepal Journal Journal of Water Energy and Environment Volume: 15, 2014, July Page: 7-15