With an elected government in office, Nepal’s political process is looking up. Development partners see this as a window of opportunity to get much needed reforms back on track, which will vastly contribute to foreign investment in capital-intensive projects, including the under-performing hydropower sector. The International Finance Corporation, a member of the World Bank Group, recently initiated closed-door consultations with new Finance Minister Ram Sharan Mahat and Rastra Bank governor Yubaraj Khatiwada, among others. Among experts invited for panel discussions was Ajaya Dixit, a water resources engineer. Pranaya SJB Rana and Dewan Rai spoke to Dixit about the broader hydrwopower debate, how activism in the 90s contributed to hydro underdevelopment and the important, often contentious, relations with India in sharing water resources.