News Update
Asia's significance and contribution to global issues of energy, climate change and sustainable development has been steadily growing. The update highlights some of the major news stories from various Asian countries offering an overview of the issues, prospects and challenges in the region.
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| India, Bangladesh giving shape to SAARC electricity market |
| The Hindu Business Line, 28 January 2011 |
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India and Bangladesh have been entrusted with the task of giving a final shape to the proposed South-Asia electricity grid. Participation in the SAARC Market for Electricity (SAME) — envisaging electricity trading across member states — is likely to happen on the electricity market windows that are already in place in India. The windows, including the two operational power exchanges here, as well as through short-term and long-term contracts, can be expanded to allow participants from the other South Asian countries to come on board for cross-country exchanges, according to the action plan decided on by a SAARC Expert Group on Electricity meeting held recently. The participation in the market, as is being envisaged, will be on a voluntary basis, unlike compulsory pooling of power as required in similar platforms operating in other parts of the world.
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