New Delhi:India on Wednesday said it has noted the World Bank's announcement to concurrently appoint a neutral expert and a chair of the Court of Arbitration in the matter relating to the Kishenganga and Ratle hydroelectric power projects. India and Pakistan are locked in a dispute over the two projects that come under the 1960 Indus Water Treaty.
"We have noted the World Bank's announcement to concurrently appoint a neutral expert and a chair of the Court of Arbitration in the ongoing matter related to the Kishenganga and Ratle projects," the Ministry of External Affairs (MEA) said in a statement. The World Bank on Monday said it is confident that the neutral expert and the chair of the Court of Arbitration will engage in fair and careful consideration of their jurisdictional mandate, as they are empowered to do by the water treaty.