SAARC COUNTRIES FINALIZE ENERGY COOPERATION FRAMEWORK AGREEMENTES FINALIZE ENERGY COOPERATION FRAMEWORK AGREEMENT


SAARC COUNTRIES FINALIZE ENERGY COOPERATION FRAMEWORK AGREEMENT

New Delhi: MoS (Independent Charge) for Power, Coal and New and Renewable Energy, Piyush Goyal and others at the Fifth meeting of SAARC Energy Ministers, in New Delhi, on Oct.17, 2014. (Photo: IANS/PIB)

The 5th SAARC Energy Ministers Meeting has finalized the SAARC Framework Agreement for Energy Cooperation (Electricity). This agreement was pending since 2010 and is a crucial step towards developing a SAARC Market for Electricity (SAME) on a regional basis. The agreement is expected to be signed during the forthcoming SAARC Summit scheduled to be held in November, 2014 in Kathmandu, Nepal.

India proposed to host the Seminar on “Sharing Experiences on Energy Pricing Mechanism in the SAARC Region”. It also proposed to host the Second Meeting of the Expert Group on Technology or Knowledge Sharing (including Energy Efficiency, coal, etc.) in 2015.

pp1Bangladesh will convene the Meeting of Energy Regulators or Bodies in SAARC countries by December 2014.

The meeting approved the 8 reports of earlier meetings of the Working Group on Energy, separate Expert Groups on Electricity, Technology and Knowledge Sharing, Renewable Energy and the reports of the Inter-governmental Meetings on “Study on South Asian Regional Power Exchange”, organized by ADB.

The Indian side presented two Concept Reports:

  1. Framework for planning cross-border transmission links and associated system strengthening through joint system studies
  2. Operation of stable and secure SAARC Electricity grids

Bangladesh has also prepared the Concept Paper on “Structures, functions and institutional mechanisms for SAARC regulatory issues on electricity exchange/trade” and the same would be circulated among Member States, shortly.

Background

The South Asian Association for Regional Cooperation (SAARC) was established in 1985, with its Secretariat in Kathmandu, Nepal. The process of regional cooperation in energy sector began in January 2000 with the establishment of a Technical Committee on Energy. Thereafter, through the Islamabad Declaration at the 12th SAARC Summit in 2004, the Ministerial level Energy Forum was constituted.

The First Meeting of the SAARC Energy Ministers was held at Islamabad in 2005. This was the fifth meeting of the Energy Ministers held after a gap of three years. This meeting was preceded by Secretary level SAARC Senior officials meeting on 16th October 2014.

***********************************************************

OCTOBER 17, 2014

MR

Advertisements

About ehsannewyork

An aware citizen..
This entry was posted in CHALLENGES, CURRENT ISSUES, ENERGY - NATURAL RESOURCES, FOREIGN RELATIONS & POLICY, REGIONAL COOPERATION, Regional Policy, SAARC, STRATEGY & POLICY. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s