Posted by: CopiCat January 25, 2008
India will take away all water related projects in Nepal
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This reminded me of Hisila Yami's plan to mobilize local resources for the Melamchi Project. Ultimately, she got a sigh of relief once ADB assured of funding after Prachanda's miserable pleas.

Like you guys, I am not against the use of internal resources. Some local companies like BPC are doing very well too. No one has talked about begging and against the investment by local enterpreneurs. The matter is only of protesting the recent deal with GMR, that happens to be Indian.

Estimated hydropower potential of Nepal is about 83K MW,out of which about 43K MW is considered economically viable. Almost 25% of the total population has access to electricity now. If load shedding is to take into account, the figure comes below 15%. If the current distribution rate is to be maintained, Nepal needs additional ~$5billion (~Rs 350 bn) in investment in the next 5/7 years as per world bank estimate. Forget about the 100% access to electricity. We have already seen the dream of West Seti 750 MW project by Snowy Mountain (Australia). Who else is coming in Nepal to invest other than India given her (India's) dire need of power (about 6000MW annual increasing power need, only able to meet half of it). 

Even the foolish person prefers local resources mobilization. But given the situation, our investment capacity and pathetic queue for the petrol and kerosene (even electricity is generated by using diseal roters), I don't really understand the basic principles/logic against the protest of the deal.

Thanks.

   

Last edited: 25-Jan-08 11:53 PM
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