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India bats for $300 bn power grid in South Asia

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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Tags: electricity trade, trans national power grid, power grid South Asia,

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