India-Nepal Power Trade Agreement yet to kick-off
The Dollar Business Bureau The India-Nepal Power Trade Agreement (PTA) reached between Nepal and India in September 2014 is yet to take a shape. According to a report by IPCS (Institute for Peace and Conflict Studies), the PTA much touted as the most significant achievement of the 18th SAARC summit authorises the two neighbours to develop transmission interconnections, grid connectivity, power exchange and trading through governmental, public and private enterprises on mutually acceptable terms. It also allows licensed electricity producers, buyers and traders from both countries to engage in cross-border electricity trading, including via power exchanges, and to seek cross-border transmission access as per the laws of the respective countries. The report said, this is not the first time Nepal ...
Powering up to get powered?
Another Power Trade Agreement (this time, with Nepal) to help another energy starved nation will not help solve India’s 'own' power woes. Or is there a smarter strategy behind the PTA? Steven Philip Warner | The Dollar Business Did you get a chance to watch the SRK-starrer Swades? If yes, we need many SRKs doing what SRK did in that flick. Strangely, what’s making headlines is a different story. India is the world’s fifth-largest producer of power. One line that calls for some celebration. But the only line. The rest is a tale that oozes tears. Over a fourth of Indians have no access to power. That’s 300 million-plus we’re talking about, almost the population of America! During FY2014, India’s power ...
