India, Bangladesh set to formalise electricity sharing system
NEW DELHI: In a significant move, the Bangladesh government is considering a plan to enter into a cross-border exchange of electricity with India through the Indian Energy Exchange (IEX). The move will formalise the electricity trade and increase the scope of electricity exchanges between the two countries.
The demand for Indian power is rising in Bangladesh which purchased 17.31 per cent more electricity from India worth 4712.91 Taka (Rs 4,150.99) in 2020-21 compared to the previous year.
At present, Nepal and Bhutan buy and sell electricity across borders with India through the IEX. Bangladesh is not yet a part of it but it buys Indian power on a contract basis.
