India, Bangladesh set to formalise electricity sharing systemIEX - 146 Change: 2.30 (1.60 %)
News: The Bangladesh government is considering a plan to enter into a cross-border exchange of electricity with India through the Indian Energy Exchange (IEX). The move will formalise the electricity trade and increase the scope of electricity exchanges between the two countries.
Views: With Increasing demand for Indian power in Bangladesh (17% YoY) it will provide a good opportunity for IEX that currently sells electricity across the border to Nepal and Bhutan. It will also help Bangladesh trade according to their demand and supply position at a given time.