India proposes power grid for SAARC
India today proposed a robust and integrated power grid system covering member countries of the South Asia Association for Regional Cooperation (SAARC), in order to address the problem of power deficiency in the region.
A SAARC power grid linking Bangladesh, India, Nepal, Pakistan and Sri Lanka has the estimated potential to install at least 1,00,000 MW in the region for common use among its member countries, minister of state for power KC Venugopal said.
The minister was speaking at a round table conference on `Promoting Investment Opportunity in Power Sector in South Asia: Leveraging Cross Border Power Trading'.
India, he said, faces a power shortages of over 8 per cent, and up to 10 per cent in peak hours, despite an installed capacity of 1,72,000 MW.
The revised 11th Five Year Plan has raised the target of capacity addition to more than 60,000 MW - more than the total capacity added in the previous two Plans.
While acknowledging that the issue of cross border power trading is a complex one involving market, technology, finance and geo-political issues, he said there has been instances of success as well.
He cited the Bhutan-India and India-Nepal trade in power as good examples of cross border power trading.
Bhutan is supplying almost 1200-1400 MW power to the Indian grid and the arrangement between the two countries has been working to the satisfaction of both sides, he pointed out.
The success of power trading between Bhutan and India has encouraged the two countries to take up more hydro-electric projects through cooperative ventures, he said, adding that many Indian public sector companies are working with the Bhutan government to add 10,000 MW capacity there by 2020.
The minister also called for increasing private investment in power generation in the region, saying that out of the over 58,000 MW power projects under construction in India, private developers are supporting about 32,339 MW
The one-day conference was attended by the delegates from India, Bangladesh, Bhutan, Nepal and Sri Lanka.
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