![]() Financial Daily from THE HINDU group of publications Saturday, Jan 08, 2005 |
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Foreign Relations Industry & Economy - Power Baglihar project talks fail; Pak threatens to move World Bank Our Bureau
New Delhi , Jan. 7 THE Indo-Pak secretary level talks for ironing out disputes over the 450-MW Baglihar power project failed to reach an agreement on Wednesday with Pakistan threatening to move the World Bank for appointment of neutral experts. India, however, maintained that there was a "possibility of convergence on some technical concerns raised by Pakistan" and the matter could still be sorted out bilaterally. The Baglihar hydroelectric project is being constructed on the Chenab River in Jammu and Kashmir. Pakistan alleges that the project was being constructed in violation of the Indus Water Treaty, whereas India maintains that the project was well within the parameters of the treaty. The Indus Water Treaty gives exclusive rights of Chenab waters to Pakistan.
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