Study on Economic Analysis derived for regional cooperation in electricity in SASEC region
South Asia Sub regional Economic Cooperation (SASEC) countries’ energy trade is increasing and went up from 100 MW in 2012 to 4000 MW by 2020. It is moving to market exchange based power trade that will generate competitive price. The trade is mutually beneficial as exporters’ economic growth can go up by revenue from export of power, making it viable to develop untapped hydro potential and facilitating accelerated investments. The importers can reduce the cost of power, and develop more of their renewable power.
In this study funded by ADB, IRADe will estimate economic benefits of power trade among the SASEC countries. For this, IRADe is reviewing the existing studies and plans and developing long-term generation plans of each country keeping the current and future demand of power needed for economic growth suitable to all countries, the upper limits of potential of various energy resources and their current and expected costs, and their seasonal and daily load patterns. The study will involve consultation with governments, and other stakeholders during the preparation of the draft report.