Thursday, June 1, 2023

Energy deal a key agenda during PM’s visit to India

Kathmandu, May 30

 It is likely that the energy deal with India would take a centrestage in the high-level discussions during the official visit of Prime Minister Pushpa Kamal Dahal Prachanda to India as Nepal is seeking a long-term power deal with the latter with investment attraction and export promotion to India and Bangladesh.

"We are planning to forge a long-term energy deal with India during this visit. Agenda in this regard are for attracting Indian investment in Nepali electricity projects, constructing cross-border transmission lines, and facilitating energy export to Bangladesh through India," Minister for Foreign Affairs, N.P. Saud said while speaking at a press briefing at the Ministry of Foreign Affairs on Tuesday.

India is the largest potential market for Nepal’s electricity.

By the end of the next fiscal year, the country's installed electricity capacity would reach 3,600 Megawatt and during the wet season, the country would have enough surplus energy which needs to be sold in the regional markets.

Likewise, the PM-led delegation would discuss about opening alternative border points to facilitate the cross-border trade as the Birgunj-Raxaul border has been overcrowded.

FM Saud said that Biratnagar, Bhairahawa and Nepalgunj are the potential alternatives. Currently, Bhairahawa witnesses the second biggest cross-border trade but infrastructure on the Indian side is still poor. Nepal wants better roads and rail tracks at these points for seamless trade and cargo movement.

According to him, a new cross-border motorable bridge over the Mahakali River would be developed in Jhulaghat of Sudurpaschim Province to create connectivity with Uttarakhand state of India. Jhulaghat is also the western end of the Mid-Hill Highway being constructed for more than a decade. Both the countries have agreed to build the bridge but it has not been implemented. The visit would make sure the construction of the bridge.

Likewise, another bridge connecting Darchula of Nepal and Dharchula of India has already been contracted out to undertake the construction work.

According to the Foreign Minister, this visit would also take some steps to promote the market of Nepali agriculture produce in India. Border and other issues and disputes that have long been stalled would be discussed.

Similarly, agenda of inaugurating the completed Integrated Check Post (ICP) and initiating new ICP and Inland Containers Depot (ICDs) are also in the schedule.

Prime Minister Prachanda is starting his maiden foreign trip as the PM of Nepal with a 4-day visit to India on Wednesday at the invitation of his Indian counterpart, Narendra Modi. He will lead an 88-member delegation that includes his daughter Ganga Dahal, Foreign Minister Saud, Finance Minister, Dr. Prakash Sharan Mahat, Minister of Energy, Water Resources and Irrigation, Shakti Bahadur Basnet, Minister for Physical Infrastructure and Transport, Prakash Jwala and Minister for Industry, Commerce and Supplies, Ramesh Rijal, Nepali Ambassador to India, secretaries, and senior officials of the government.

During the visit, PM Prachanda is scheduled to pay a courtesy call on President of India, Droupadi Murmu, and Vice-President, Jagdeep Dhankhar.

According to MoFA, he will hold delegation-level talks with his Indian counterpart Modi at Hyderabad House on Thursday, June 1 and participate in a luncheon organised by the latter. A joint press meet by the PM duo would follow the meeting.

The Prime Minister will address Nepal-India Business Summit in New Delhi jointly organised by Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Confederation of Indian Industry (CII) and interact with business leaders of both countries. He will also interact with the Nepali community in India over a welcome reception being hosted by the Ambassador of Nepal to India, Dr. Shankar Prasad Sharma.

PM Prachanda is also scheduled to visit Ujjain and Indore, Madhya Pradesh before returning to Kathmandu on June 3. 

 Published in The Rising Nepal daily on 31 May 2023. 

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