Friday, 6th March 2015

PTA to be based on market price: UCPN (M)

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The UCPN (Maoist) has said that a Power Trade Agreement (PTA) to be signed with India will be based on the actual market price.

The UCPN (M) took this decision during a joint meeting of the party's Standing Committee, Energy Department and some key leaders held at party Chairperson Pushpa Kamal Dahal's residence at Lazimpat, Kathmandu on Thursday.

“The meeting decided that a power agreement has to be reached based on equality and benefit to both the countries,” UCPN (M) leader and Chief of Energy Department, Leelamani Pokharel said.

“Special precautions have to be taken as the failure to ensure equality-based agreement may jeopardize Nepal's national interest.”

Taking ahead the process only by considering the national need and aspirations has been suggested at a time when the Nepali Congress and the CPN (UML), too, have agreed to go ahead, Pokharel added.

“Any country in the world including neighbors India and China should be allowed to invest if foreign investment is needed to develop Nepal’s hydro power sector,” the UCPN (M) leaders further noted.

The UCPN (M) meeting stressed that the government would be urged to conduct the PTA on the basis of the draft that the Government of Nepal proposed in 2010. The meeting further underlined that the PTA could be signed during Indian Prime Minister Narendra Modi's upcoming visit to Nepal on August 3-4.

Earlier on July 29, a meeting of the three major political parties, including the NC, UML and UCPN (M), constituted a task force to prepare foundations of the agreement.



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