The two-day conference aimed to increase cooperation in energy kicked off on Tuesday at BIMSTEC Secretariat in Dhaka.
“Today we’re discussing how to connect the grid,” the Prime Minister's Power, Energy and Mineral Resources Advisor Tawfiq-e-Elahi Chowdhury said on the inaugural day of the conference.
“If we can set up connectivity in the 3,000 km area of the region, then it will enhance the capacity of all the regional countries. Increased capacity means lower cost for the consumers."
The import and export business will open up more once the power grid in the regional countries are connected, said the advisor.
"We can utilise the power capacity and load factor completely if we can complement each other this way.
"We want quality power ensured for our commerce and industries; we want good voltage and uninterrupted power supplies. The standards will go up if we can create interconnectivity," added Tawfiq-e-Elahi .
He called for exploring the opportunities to invest in power production.
Interconnectivity of the grids will enable the countries in the region to import or export power according to their needs, said BIMSTEC Secretary General M Shahidul Islam.
"It means a country will be able to both import and export according to its needs. If it needs to import power in winter and export in summer, it can."
"It will be easier to invest in power production if the regional grid interconnection is big. The investment may come from the region or beyond.”
The secretary general highlighted the signing of memoranda of understanding between seven countries in 2018 to establish the ‘BIMSTEC grid interconnection.’
“It reflected the strong political will of the countries. The next step is to discuss the technical side for implementing the MoU clauses,” he said.
A ‘BIMSTEC grid interconnection committee’ comprised of experts in the power sector in member countries has been formed, he said, adding the committee will meet shortly.
BIMSTEC and South Asia Regional Initiative for Energy Integration jointly organised the conference titled ‘Increase Cooperation in the Energy Sector in BIMSTEC Region.’
Seven member states of BIMSTEC and other invitees will take part in the four working sessions of the conference.