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One of the main tussle between the late King Birendra and Indian Prime Minister Rajiv Gandhi were related to the water projects in Nepal.
India demanded that Indian companies given the first priority to any hydro and electricity related projects in Nepal but the then Govt refused to do so. Now after the LOKTANTRA, India holds keys on every political party to implement its interest and do as it wishes.
It is believed that in a decade, India will face severe water and power crisis/shortage and one of the ways to solve problem are utilization of Nepalese land and supply water and electricity to India.
Don't believe me....Keep watching !!
GMR lands 300 MW Upper Karnali
BY BIKASH SANGRAULA
The Ministry of Water Resources (MoWR) signed a Memorandum of Understanding (MoU) with a GMR team led by its Senior Vice President Avinash Shah Thursday evening, according to Anup Kumar Upadhyay, joint secretary at MoWR.
The decision was taken after GMR agreed to increase its free energy offer to Nepal from 7.5 percent to 12 percent (36 MW), said Upadhyay, who participated in the negotiations.
However, GMR's free equity offer has been dropped from 33 percent to 27 percent to compensate for the increase in the free energy component. GMR will also pay export tax and royalties to Nepal according to existing legal provisions, said Upadhyay.
"We signed an MoU incorporating these agreements," said Upadhyaya, who is a member of the team formed by the cabinet on December 30 to renegotiate the Upper Karnali and 402 MW Arun III projects with prospective developers.
The cabinet had directed the team to renegotiate the projects, with free energy as the highest priority for Nepal. The cabinet set 12 percent free energy from the Upper Karnali and 21.9 percent (88 MW) free energy from the 402 MW Arun III as base benefits for Nepal.
The cabinet had also directed the team to start negotiations with developers in the order of the ranking prepared last year by a taskforce led by former secretary Bhanu Prasad Acharya.
GMR was ranked as the company with the best proposals for both projects from among the 14 companies interested in Upper Karnali and nine companies interest in Arun III. Since GMR is getting the Upper Karnali, the team will now negotiate Arun III with the second ranked developer, India's Sutlej Jal Vidhyut Nigam. The cabinet had also directed the team to award only one project to one developer.
"We have invited Sutlej for negotiations on February 3," Upadhyay said.
GMR will have to pay the government Rs 100,000 per MW for project survey, and Rs 500,000 per MW in bank deposit before starting project construction.
Upper Karnali as well as Arun III are being developed to export power to India.
Though the Acharya taskforce had recommended that both projects be awarded to GMR, parliament's Natural Resources and Means Committee later directed the government to review the recommendation making free energy as the topmost priority.
GMR has set a target of 2.5 years for preparatory work on the project, and 4.5 years for construction.