SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 27 Sep, 2014  

India.Bangladesh.9.jpg Indian power for Bangladesh via South Asian cross-border link

ADB.9.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
SME Times News Bureau | 05 Oct, 2013
Come Saturday, electricity will commence flowing from India to Bangladesh through a new transmission line that will be South Asia’s first high voltage direct current (HVDC) cross-border interconnection.

Describing this as a key step in regional power sharing and cooperation, the Asian Development Bank Friday said: "The transmission line, which was financed partly with a $112 million Asian Development Bank (ADB) loan, will link India's eastern electrical grid to Bangladesh's western grid."

Testing of the sub-station installations began in September.

"This ground-breaking link will help provide urgently needed power to Bangladesh. More importantly, it is a key milestone for South Asia as it looks to set up a regional energy market to make the best use of its diverse and unevenly distributed energy resources," Juan Miranda, director general of ADB's South Asia Department, said in a statement.

India's state-run NTPC will supply the power to the Bangladesh Power Development Board (BPDB), with the power supplied to be increased in phases -- 250 MW in November and a further 250 MW increase by the end of the year.

The government-to-government contract allows Bangladesh to buy power from India at a lower rate than that of their domestic plants. The cross-border trading arrangement will also allow the two countries to trade electricity based on variations in their seasonal and weekly demand.

"Expanding supply will help businesses and improve the delivery of essential services like education and healthcare. Buying electricity from India will also help gas-reliant Bangladesh diversify its energy sources and the link will later allow it to tap into energy resources from other parts of the region," the ADB said.

More cross-border energy links, expected to promote greater trade and cooperation within the region, are currently being considered in South Asia, including on Bangladesh's eastern borders.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter