DHAKA, 22 April 2022, (TON): The Bangladesh government is considering entering into a cross-border exchange of electricity with neighbouring India through Indian Energy Exchange Ltd.
The move would formalize the trade of electricity and increase electricity-exchange opportunities between the two countries.
According to the media outlet “the demand for Indian power is rising in Bangladesh, which purchased 17.31% more electricity from India at Tk4,712.91 in 2020-2021 compared to the year prior.”
At present Nepal and Bhutan buy and sell electricity across borders with India through the IEX.
Bangladesh is not yet a part of it, but it buys Indian power on a contract basis.
Joining the exchange can help each party trade according to their demands and supply position at a given time.