Metropolis Desk –
A tripartite power trade deal has been finalized between the three nations – Bangladesh, India, and Nepal – enabling the transfer of power through the Indian grid. This is consistent with India’s initiatives to establish stronger energy connections with its neighbors, including Bangladesh, Bhutan, Nepal, and Sri Lanka.
New rules for the Cross-Border Trade of Electricity (CBTE) have been developed, enabling neighboring nations to buy, sell, and participate in Indian power exchanges through the Indian grid.
India has additionally assisted both nations in building cross-border pipelines. The first trans-border oil pipeline in South Asia was opened in 2019 and has given Nepal access to 2.8 million metric tons of diesel.
A 377-crore cross-border pipeline would be built between India and Bangladesh as part of a separate agreement to provide 1 million metric tonnes of diesel yearly.
Additionally, Sri Lanka and India have decided to work together to build oil tank farms in Trincomalee. The “HIT” strategy was proposed by Modi in 2014 to strengthen ties between India and Nepal. He also purchased hydropower from Bhutan, and he intends to build an overhead power grid connection with Sri Lanka.
A declaration to enhance supply chain security and establish a regional power grid is anticipated to be adopted by the G20 conference.
