{"id":32245,"date":"2024-11-16T19:04:49","date_gmt":"2024-11-16T13:34:49","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=32245"},"modified":"2024-11-16T19:04:51","modified_gmt":"2024-11-16T13:34:51","slug":"power-transaction-from-nepal-to-bangladesh-through-indian-grid","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/16-11-2024\/power-transaction-from-nepal-to-bangladesh-through-indian-grid","title":{"rendered":"Power Transaction From Nepal to Bangladesh Through Indian Grid\u00a0"},"content":{"rendered":"\n<p><strong>Syllabus:GS 2\/IR\/GS3\/Economy&nbsp;<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>In News\u00a0<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>India, Bangladesh, and Nepal jointly inaugurated the first trilateral power transaction through the Indian grid, marking a significant step toward an integrated South Asian power market.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About Agreement<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A power sales agreement was signed in October\u00a0 2024, between NTPC Vidyut Vyapar Nigam, Nepal Electricity Authority, and Bangladesh Power Development Board.<\/li>\n\n\n\n<li><strong>Power Export Details:<\/strong> The power transaction involves the export of up to 40 MW of power from Nepal to Bangladesh through India.\n<ul class=\"wp-block-list\">\n<li>The power flow marks the first trilateral power transaction through the Indian grid.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Expected Impact:<\/strong> The transaction is expected to enhance sub-regional connectivity in the power sector and benefit all stakeholders.\n<ul class=\"wp-block-list\">\n<li>It will strengthen cooperation and mutual benefits among India, Nepal, and Bangladesh in the energy sector.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>India&#8217;s Energy Trade Ambitions:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00a0India aims to become a major hub for electricity and refined petroleum product trading in South Asia, including supplying <strong>LNG to Sri Lanka<\/strong> and working on an undersea electricity transmission line.<\/li>\n\n\n\n<li><strong>Current power tradin<\/strong>g between India and neighboring countries is conducted through bilateral agreements under the <strong>2014 SAARC Framework Agreement for Energy Cooperation.<\/strong><\/li>\n\n\n\n<li><strong>Key Agencies<\/strong>: NTPC Vidyut Vyapar Nigam (NVVN) is the nodal agency for cross-border power trading, along with PTC India.\n<ul class=\"wp-block-list\">\n<li>\u00a0Since 2021, the Indian Energy Exchange (IEX) has facilitated electricity trading with Nepal.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Policy Enhancements<\/strong>: India introduced market coupling for spot power trading and revised guidelines for import\/export of electricity in 2023 to strengthen regional energy cooperation and grid reliability.\n<ul class=\"wp-block-list\">\n<li>India is advancing the <a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/30-09-2021\/one-sun-one-world-one-grid-osowog-2\"><strong>OSOWOG<\/strong><\/a> <strong>initiative<\/strong> to create a transnational mega grid enabling renewable energy trade from Southeast Asia to Europe via the Middle East.<\/li>\n\n\n\n<li>\u00a0India is collaborating with Saudi Arabia, the UAE, and Singapore to develop the OSOWOG grid infrastructure, facilitating low-cost access to renewable energy for participating nations.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>Source : TH&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India, Bangladesh, and Nepal jointly inaugurated the first trilateral power transaction through the Indian grid, marking a significant step toward an integrated South Asian power market.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-32245","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/32245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=32245"}],"version-history":[{"count":1,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/32245\/revisions"}],"predecessor-version":[{"id":32246,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/32245\/revisions\/32246"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=32245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=32245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=32245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}