Monday, June 10, 2019

Energy regulators meeting to finalise SAARC Framework Agreement

The fourth meeting of the South Asian Association for Regional Cooperation (SAARC) Council of Experts of Energy Regulators (CEERE) started today in capital city Male of Maldives.
The two-day meeting will finalise the draft road-map on initiating a regional power trade through the implementation of the SAARC Framework Agreement and implementing Electricity. The SAARC framework agreement on energy was signed between member countries during the 2011 SAARC Summit held in Addu City.
The meeting – held to finalise the roadmap draft of the SAARC Framework Agreement for Energy Cooperation (Electricity) – was inaugurated by the Minister of Economic Development Fayyaz Ismail.
Some 23 delegates from SAARC are participated in the meeting that will conclude tomorrow.
The agreement is expected to facilitate assistance for projects pertaining to renewable energy and allow the SAARC nations to gain technical and technological advancements. The agreement will also allow cross-border electricity trade among the regional intergovernmental organisation.
The framework agreement was signed by all member states on November 27, 2014, during the 18th SAARC Summit held in Nepal. Initially compiled during the 17th SAARC Summit in 2011, the framework aims at promoting regional cooperation, energy efficiency, effective energy distribution and conservation.

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