【New Delhi】In a strategy to build a better hydrocarbon transportation network to meet increasing demand for energy, the South Asian Association for Regional Cooperation (Saarc) has decided to build cross-border pipeline routes for ferrying natural gas and products.
The member nations of Saarc, Nepal, Bangladesh, India, Pakistan, Bhutan and Sri Lanka, have decided to carry out feasibility studies for cross-border pipeline linkages for transportation of natural gas and petroleum products, highly placed sources told FE. The study would be carried out under the Saarc inter-governmental framework agreement for energy co-operation (IGFA-EC).
○Indian power exchanges expect volume to grow due to SAARC energy co-operation deal
【Mumbai】India's two power exchanges — Indian Energy Exchange (IEX) and Power Exchange India Ltd (PXIL) —expect that the energy deal signed by the South Asian Association for Regional Cooperation (Saarc) on energy cooperation would be a big boost to the sector.
According to the Saarc Framework Agreement for Energy Cooperation, the members will — for the purpose of electricity trade — enable non-discriminatory access to the their respective transmission grid as per the applicable laws, rules, regulations and inter-governmental bilateral trade agreements.
These Indian exchanges engaged in day-ahead transactions hope that India will get more power, especially from hydro power-rich Nepal and Bhutan. On the other hand, Pakistan can expect cheaper power from India through exchanges as power is generated in the northwestern neighbouring country on costly fuel like oil and Low Sulphur Heavy Stock (LSHS).
Saarc to build cross-border pipeline network
Indian power exchanges expect volume to grow due to SAARC energy co-operation deal