New Delhi April 12 (IANS) The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the Power Ministry s proposal to sign the MOU for Establishment of the BIMSTEC Grid Interconnection a cabinet communique said.
It will be signed among member states of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (Bimstec) at its upcoming third energy ministers meeting to be held in Nepal shortly.
Bimstec is an international organisation involving a group of countries in South Asia and South East Asia - Bangladesh India Myanmar Sri Lanka Thailand Bhutan and Nepal.
Under the BIMSTEC Trans-Power Exchange and Development Project it was decided that a task force led by Thailand with representatives of member countries would give a report on draft MoU for grid interconnections.
Subsequently the draft MoU was finalised by the task force in March 16 2015.
This MoU 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 region.
--IANS
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Cabinet nod for BIMSTEC grid interconnection
