"Our party is of the opinion that until such unequal agreements, treaties and contracts are corrected, the projects should not be constructed, said Baidhya. "
Kathmandu, May 6 - A hardline Maoist faction in Nepal Tuesday voiced its opposition to foreign investment in Nepal's hydropower sector, particularly targeting Indian investment.

Addressing a press conference here, Mohan Baidhya aka Kiran, leader of the Communist Party of Nepal-Maoist, said his party would stage protest rallies Thursday against such investment from outside the country.

Though the party's position on opposing Indian investment in Nepal's hydropower sector is not a new one, the latest move has raised a question mark over the future of Indian investment in Nepal, especially when two Indian firms are all set to sign a Power Development Agreement - with the Nepal government.

Time and again, India has been reminding Nepal at the top level that all Indian investments in Nepal should be secured and protected. The two sides had signed the Bilateral Investment Protection and Promotion Agreement - some two years back after Indian investors in Nepal were threatened by Maoists.

Baidhya said the agitation would be against the Upper Karnali, Koshi High Dam Project, Upper Marsyangadi and Arun III projects. All these four projects have Indian investment and are at various stages of development.

GMR India is developing Upper Karnali - and Upper Marsyangadi - while the Koshi High Dam, which is multipurpose in nature, is directly handled by the Indian government.

The Sutlej Jal Vidyut Nigam Ltd - is developing Arun III -.

Unveiling the programme of action, Baidhya said his party would organise protest programmes Thursday in district headquarters where these projects are located.

The party's water resources wing will also organise a talk programme on the same day in Kathmandu under the theme of water resources and national treason.

These projects are more in favour of India than Nepal. We will obstruct their implementation until the unequal agreement is scrapped and a fresh one is signed, Baidhya said.

Earlier too, the party had called upon the Nepal government to scrap the agreement allowing Indian firms to invest in Nepal's hydropower sector.

The party always relates Indian investment in hydropower sector as an issue of nationality.

Our party is of the opinion that until such unequal agreements, treaties and contracts are corrected, the projects should not be constructed, said Baidhya.

He also clarified that the party has been playing a creative role in the management and operation of the projects that are constructed by placing national interest uppermost.


comments powered by Disqus
Read more on:
 INDIA (136901 views)
 KATHMANDU (34493 views)
 NEPAL (12791 views)
 ALL INDIA (10921 views)
 HYDROPOWER (7615 views)
 MAOISTS (7161 views)
 MOHAN (6921 views)
 OPERA (6711 views)
 KARNAL (6540 views)
 INVESTMENT (5961 views)
 MAOIST (5591 views)
 COMMUNIST PARTY (3651 views)
 PRESS CONFERENCE (3601 views)
 INDIAN GOVERNMENT (3125 views)
 POWER SECTOR (1101 views)
 INDIAN INVESTORS (641 views)
 

PERMALINK

http://www.nerve.in/news:2535002372252
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for Asia


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.