Pancheshwar Dam in Uttarakhand As per the earlier preliminary estimate, the cost of the Pancheshwar Multipurpose Project is Rs.34971.94 crore at the price level of February, 2015. However, the work of DPR preparation along with firming up its cost has been entrusted to M/s WAPCOS Ltd., as agreed in the second meeting of the Governing Body of the Indo-Nepal Pancheshwar Development Authority (PDA) held in November, 2014. As per the Article 3(c) of the Mahakali Treaty, 1996, the cost is to be shared between India and Nepal in proportion to the benefits accruing to them. The Mahakali Treaty stipulates sharing of total energy generated equally between India and Nepal and sharing of cost in proportion to the benefits (including power) accruing to them. This information was given by Union Minister for Water Resources, River Development and Ganga Rejuvenation Sushri Uma Bharti in a written reply in Rajya Sabha today. Samir/jk
