India Drafts Cross-border Energy Trade Framework

28 May 2017

India's Ministry of Power is preparing a set of guidelines for cross-border trade of electricity, with draft regulations from the Central Electricity Regulatory Commission (CERC). This will regulate cross-border trade in electricity between India and Bangladesh, Bhutan, Myanmar, and Nepal, by creating a uniform framework.

Current cross-border trade in electricity between India and its neighbors operates under short-, medium-, and long-term bilateral memoranda of understanding and power trade agreements.

The planned cross-border energy trade framework is envisaged to harmonize the extant laws, rules, and regulations covering cross-border trade in electricity, to promote a common platform for all stakeholders, according to a CERC report. The Indian Energy Exchange Ltd. and Power Exchange India Ltd. are forecast to benefit from these regulations.

India currently imports 1,450 megawatts (MW) from Bhutan, and exports around 500 MW to Bangladesh and 300 MW to Nepal. India's Ministry of Power estimates energy trade to ramp up by 2036, with more imports from Bhutan and Nepal, and exports of as much as 2,000 MW to Bangladesh and 1,000 MW to Sri Lanka.


Related Link:

Impact of Goods and Services Tax on Bhutan and Nepal’s Third Country Trade

Charges for different port and Customs services for Bhutan and Nepal’s third country import/export through India will not...
Read More >>

Bangladesh and Sri Lanka Ink 14 Deals for Cooperation

Bangladesh and Sri Lanka signed 14 instruments of cooperation in coastal shipping, agriculture, higher education, foreign service training,...
Read More >>

Bangladesh, Sri Lanka Shipping Companies Mull Container Feeder Service Joint Venture

The Bangladesh Shipping Corporation (BSC) and Sri Lanka's Ceylon Shipping Corporation plan to launch a container feeder service...
Read More >>

SAARC Countries Urged to Focus on Removing Non-tariff Barriers

Mr. Younus Dagha, Federal Secretary of Commerce, Pakistan, has urged the member countries of the South Asian Association...
Read More >>

ADB Forecasts Improved Growth for South Asia

Economic growth prospects in developing Asia for 2017 have improved on the back of stronger-than-expected export demand in...
Read More >>

Bangladesh, India to Pilot Cargo Railway Service

Bangladesh and India will pilot a freight train service between Dhaka and Kolkata in August, using the broad...
Read More >>

SASEC Road Connectivity to Open Opportunities for MSMEs

India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, gave its approval for a $253,406,409...
Read More >>