The Central Electricity Regulatory Commission (CERC) is in favour of setting up a regional market for power trade across South Asian countries. This will be an extension of proposals for facilitating cross-border power trade.
The market is expected to connect member countries of South Asian Association for Regional Cooperation (SAARC), a senior CERC official said adding “South-Asian countries, namely Afghanistan, Bangladesh, Bhutan, Nepal, India and Sri Lanka, among others, do not have a Regional Market Platform to trade electricity…”
The electricity sector integration for developing a Regional Market is in an evolutionary stage, the official said. At present, transactions between nations take place through bilateral agreements.
