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India calls for SAARC Grid

EM NEWS BUREAU ,  Monday, May 09, 2011, 15:44 Hrs  [IST]

Untitled - 27.jpgIndia has called for integrating the entire SAARC region by a robust power grid system to address power deficit in South Asian Countries. Speaking at the recent Round Table Conference on ""Promoting Investment Opportunity in Power Sector in South Asia: Leveraging Cross Border Power Trading", Union minister of state for power, K.C. Venugopal said that 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. He added that although India has reached a significant installed capacity of 1,72,000 mw, the shortages have been in the range of more than 8 per cent in the energy and 10 per cent during the peak hours. Its revised 11th Five Year Plan target of capacity addition is more than 60,000 mw, which is more than the total capacity added in the previous two Plan periods.

Venugopal said that although the issue of cross border trading is a complex one involving market, technology, finance and most importantly geo-political issues, there has been some success as well. One of the good examples of cross border power trading is between Bhutan and India and also to certain extent between Nepal and India.
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