Power, trade playing role for geopolitical dev in South Asia: Nasrul

State Minister for Power and Mineral Resources Nasrul Hamid on Thursday said power and trade are playing a significant role for coordinated geopolitical development in South Asian countries, according to a release. “Electricity exchange will help ensure rapid economic development in the region. Technology and expertise may be exchanged for balanced development,” he said this while presenting the keynote paper at Power Summit-2019 in Kathmandu.

Nepalese Energy, Water and Agriculture Minister Barshaman Pun, Bhutanese Economic Affairs Minister Loknath Sharma and Nepalese Independent Power Producers Association’s Vice President Kumar Pandey were present and spoke in the summit. Bangladesh is importing 1,160 MW of electricity from India per day, Nasrul said, adding “We are also interested to import power from Nepal and Bhutan.”

“Nepal and Bhutan also could import power from Bangladesh during the winter because electricity demand in Bangladesh is usually less during the season. On the other hand, power demand is increased in Nepal and Bhutan during the winter,” he said. The state minister said cooperation for power and energy in Indian’s seven sisters’ states could be extended, adding, “There is a scope for working together in regional power mix and grid code, sharing of expertise, renewable energy, solar home system, etc.”

“If we engage such facilities then we will see a strong South Asia in future,” Nasrul added. Besides, Nepal expected that the power summit-2019 will ensure legal support and increase allover along with structural and technical sides. The state minister said it is about final for importing 500 MW power in Bangladesh from Nepalese Karnali Hydropower Project through GMR Energy.

Earlier, Bangladesh signed a memorandum of understanding with Nepal in Kathmandu to increase cooperation in the power sector and speed up the process of importing hydro-electricity from Nepal through a cross-country grid via India.