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Indian High Commissioner Pranay Verma on Monday has underlined significant new opportunities in the realm of cross-border electricity trade within the region.
He made this remark at the inaugural session of a regional workshop on “Transforming Cross Border Electricity Trade and Regional Electricity Market for an Energy Secure South Asia,” in Dhaka.
The workshop was jointly organised by India’s Research and Information System for Developing Countries (RIS), South Asia Group on Energy (SAGE-RIS) and USAID’s South Asia Regional Energy Partnership (SAREP), reads a press release.
Pranay Verma, Indian high commissioner, emphasised that the robustness and integrated nature of the Indian grid, together with sophisticated platforms for power trading and exchanges exist in India, offer great opportunity to India’s neighbours to join with each other through the Indian grid for seamless cross-border electricity trade.
He described energy connectivity as a hallmark of transformative changes that have taken place in India-Bangladesh relations in the last decade, leading to the creation of a regional economy in true sense.
Verma mentioned that a new cross-border pipeline launched last year bringing high-speed diesel from an Indian refinery to Bangladesh, and the cross-border power transmission lines, bringing power not just from India to Bangladesh, but also facilitating power transmission from Nepal to Bangladesh through India.
The high commissioner referred to the “Shared Vision for Future” articulated by the prime minister of India and Bangladesh during the recent State Visit of Prime Minister Sheikh Hasina to India, that has given a new impetus to both bilateral and regional power trade.
He said, “India and Bangladesh together commit to develop intra-regional electricity trade, including competitively-priced power generated from clean energy projects in India, Nepal and Bhutan, through the Indian electricity grid.
“Regional electricity trade would mark a paradigm shift in how we approach energy security, economic growth, and environmental sustainability by leveraging the strengths and resources of different countries to optimise energy production and consumption.”
State Minister for Power, Energy and Mineral Resources of Bangladesh, Nasrul Hamid gave a keynote address through a video-link. The inaugural session was also addressed by the US Ambassador to Bangladesh Peter Haas, Chairman of SAGE-RIS RV Shahi and USAID Mission Director in Bangladesh Reed Aeschliman.
