Kathmandu, July 27 (IANS) India and Nepal will work fast on the implementation of the Pancheshwar Multipurpose Project to boost hydropower generation between the South Asian neighbours, a joint communique issued after a meeting of the India-Nepal Joint Commission at the foreign minister-level stated Saturday. India’s External Affairs Minister Sushma Swaraj and her Nepali counterpart Mahendra Bahadur Pandey led their respective delegations in Saturday’s meeting of the joint commission held after a hiatus of 23 years. “The two leaders underscored the importance of harnessing the vast hydropower potentials of Nepal for mutual benefits. “While noting the finalisation of the terms of reference of the Pancheswar Development Authority, they directed the concerned authorities for early completion of the DPR of the Pancheshwar Multipurpose Project.” The Pancheshwar Multipurpose Project (PMP) is a joint hydropower project to be developed on Mahakali river bordering Nepal and India.
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