Energy Policy in South Asia

Energy Policy in South Asia

  • December 24, 2019
Presently, South Asian countries are producing electricity less than 50% of their available potential. On the other hand, the region has witnessed encouraging GDP growth (from 5.5% to 6.5%) during 2004-2010. To keep the region on the trajectory of economic growth, un-interrupted supply of energy at affordable price, is key to sustain this economic growth. Presently, amongst eight SAARC nations, India, Pakistan, Nepal and Bangladesh are faced with acute shortage of electricity to the tune of 40000 MW. They apply various energy mixes predominantly using imported oil, which in turn is persistently increasing their import bill.
 
Due to 8-12 hours power cuts in Bangladesh, Nepal and Pakistan, the commercial business has to pay 35% extra by using diesel and oil generators, thus adding to their operational expenses.
Since the Private Sector is the most important stakeholder of Energy production, its involvement through Public-Private-Partnership (PPP) model need to be encouraged on policy making level. The SAARC Chamber of Commerce & Industry (SAARC CCI) organized string of conferences in Bhutan and Pakistan to sensitise the Private Sector about Energy issues in South Asia and share their vision to suggest a policy mechanism to the Governments in South Asia.
 
This policy report of SAARC CCI on “Energy Policy: The way forward to Energy Trade in South Asia” provides some unique ideas and add value to the work and initiatives taken by various organizations involved.
 
The report is attached herewith.


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