Harmonised pricing formula can boost regional power trade

United News of Bangladesh . Dhaka | Published: 00:51, Sep 08,2018 | Updated: 00:52, Sep 08,2018

 
 

Speakers at a seminar on ‘Future prospects of regional connectivity’ said that lack of harmonisation in the pricing formula was a major barrier in developing the regional energy and power trade.
They said all the nations in the regional initiative should harmonise their pricing formula.
‘I think harmonisation in pricing of power and energy has been very essential in promoting regional trade,’ said Alamgir Kabir, former chairman of power development board while making his remarks at the seminar.
Power and energy ministry organised the seminar at International Convention City Bashundhara in the city as part of the three-day Power and Energy Week that began on Thursday.
Taking part in the seminar, Nepal’s Minister for Energy, Water Resources and Irrigation Barsha Man Pun ‘Ananta’ said that his country was ready for regional power and energy trade.
‘We have already created the enabling environment through enacting law and infrastructure. We have entered deals with Bangladesh to export electricity,’ he told the seminar.
The seminar was also addressed by chairman of parliamentary standing committee on power and energy ministry Tajul Islam, Asian Development Bank country director Monmohan Prakash and Hans-Paul Burkner, chairman, of Briton Consulting Group.
Syed Munir Khosru, chairman of think tank body IPAG, moderated the seminar while power secretary Ahmad Kaikaus made keynote presentation on the seminar topic.
Tajul Islam said that prime minister Sheikh Hasina had been continuously trying to promote regional trade.
‘Bangladesh is very keen to move forward with the regional power and energy trade,’ he said.
Ahmad Kaikaus said that Bangladesh had so far signed agreements with India and Nepal and getting ready to sign agreement with Bhutan to import electricity.
He, however, pointed out that all the deals were made on bilateral basis. ‘But this will pave the way for multilateral deals,’ he said.
Monmohan Prakash said that multilateral power trading was a complex issue although ADB had been continuing its effort to promote such trade.

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