ABOUT EVENT
Demand for electricity in South Asia, particularly in Bangladesh, Bhutan, India and Nepal is growing rapidly and is estimated to increase by three times in the next 15-20 years. However, despite huge potential for power generation most of these countries are currently facing energy shortage. The BBIN countries are currently facing long hours of load shedding which is impacting the social, economic and commercial activities. Yet another big challenge in the sub-region is promotion of clean energy. Hence, a well-defined integrated transmission line, increasing investment in Power Sector, promoting renewables exploitations and enhancing bilateral to multilateral power trading are essential for ensuring energy security of this region.
The year 2018-2020 has witnessed a remarkable shift in power trading scenario. The Government of India has come out with the more flexible and business friendly cross border electricity trade guideline. It has also allowed the power trading in the Day Ahead market. Virtually the New Guide line promotes free electricity trade in the region. The Second landmark decision was to consider Hydropower as renewable in India also. This central change in South Asia’s energy future has recast the spotlight on the ailing hydropower sector of the region, now reborn as a stabilizing factor against the inherent intermittency of solar and wind in the Indian grid. The vast untapped hydropower potential of Nepal, Bhutan and the northeast of India could also sustain a portion of Bangladesh’s growing electricity demand and, possibly, decrease the costs of universal electricity coverage in that country.
Renewable Energy Integration in South Asia is a new discourse of the debate which again requires a comprehensive transmission planning and fast installation of transmission line.
It is above this back ground the Confederation of Indian Industry along with the Ministry of External Affairs and Ministry of Power Government of India is organizing South Asia Power Summit on 21 October 2021 digitally in New Delhi.
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