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Nepal, India Approve Hydropower Deal

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KATHMANDU

In a very significant development in the power cooperation sector, Nepal and India have agreed to develop the much touted bi-national Pancheshwar Multipurpose Project and endorsed the charter for the Pancheshwar Development Authority (PDA). With the signing of the charter for the PDA, the two sides have renewed hopes of the 17-year-long bilateral project being implemeted.