The government of India has approved a proposal for signing an agreement to establish electricity grid interconnection among BIMSTEC countries.
An official statement said: “The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal of the Ministry of Power for signing of a Memorandum of Understanding (MoU) for establishment of the BIMSTEC Grid Interconnection.”
It said the MoU will be signed by member states of the Bay of Bengal Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) at the upcoming 3rd BIMSTEC Energy Ministers’ Meeting to be held in Nepal shortly.
The agreement will provide a broad framework for the parties to cooperate towards the implementation of grid interconnections for the trade in electricity with a view to promoting rational and optimal power transmission in the BIMSTEC region.
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