India bats for $300 bn power grid in South Asia
India has made a strong pitch for setting up a $300-billion trans-national power grid in South Asia which would enable the region to trade in electricity.
Addressing the sixth SAFTA ( South Asia Free Trade Agreement) ministerial council on Thursday, commerce minister Anand Sharma said, "India, Nepal, Bhutan and Pakistan have a combined hydropower potential of 200GW, of which more than three-quarters is yet to be harnessed."
"We need to work together to harness this potential not only for following the path of sustainable development but also as a source of cost-effective power supply to retain our competitiveness in manufacturing," he added. read more →
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