6 maja, 2022

The South Asian Association for Regional Cooperation (SAARC) Framework Agreement on Energy Cooperation (Electricity) is a pivotal agreement that seeks to promote cooperation in the generation, exchange, and dissemination of electricity amongst the South Asian countries. This agreement has been in place since 2014 and has helped improve the energy situation in the region.

The SAARC region is home to over 1.5 billion people, and yet, it faces a significant energy deficit. The agreement seeks to address this by promoting cooperation in the energy sector. The member countries – Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka – have agreed to work together to improve energy security, access, and affordability.

One of the key aims of this agreement is to promote the development of cross-border electricity transmission infrastructure. Currently, the region relies heavily on fossil fuels and has a limited capacity for electricity exchange. By developing cross-border transmission infrastructure, the member countries aim to improve the efficiency of electricity trade and reduce the cost of electricity generation.

Another aim of the agreement is to promote the development of renewable energy sources. The region has significant potential for hydropower, wind energy, and solar energy, amongst others. However, the development of these renewable energy sources has been hampered by a lack of investment and technology. The agreement seeks to promote investment in the renewable energy sector and facilitate the transfer of technology between member countries.

The SAARC Framework Agreement on Energy Cooperation (Electricity) has several benefits. It will improve energy security and reduce the reliance on fossil fuels, which are expensive and environmentally damaging. It will also promote regional integration as member countries work together to develop cross-border transmission infrastructure and exchange electricity.

In conclusion, the SAARC Framework Agreement on Energy Cooperation (Electricity) is an essential agreement for the development of the energy sector in the South Asian region. The agreement seeks to promote cooperation in the generation, exchange, and dissemination of electricity amongst member countries. It aims to improve energy security, access, and affordability, promote the development of renewable energy sources, and facilitate investment and technology transfer. The agreement has the potential to transform the energy sector in the region and promote regional integration.


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