Cross-border electricity trade gains traction in South Asia
CBET is crucial from the viewpoint of energy security in the South Asian region, especially in light of the current geopolitical scenario. Following Russia’s invasion of Ukraine, global prices of fuels such as gas and coal have surged, adversely impacting the energy security in countries heavily dependent on imported fossil fuels for electricity. A case in point is Bangladesh, which has been suffering energy shortages for the past several months. Besides this, several other factors make CBET attractive in South Asia.
Read More