Published: 9th Mar, 2023
Context
Despite being abundant with resources and developed energy sector, BIMSTEC countries are not much advance in generation and utilisation to provide affordable energy access to all.
Status of energy access in BIMSTEC countries:
- Bhutan has achieved 100 per cent energy access through off-grid energy sources.
- Nepal has achieved 78 per cent of energy access, while Bangladesh achieved 95 per cent of energy access.
- Myanmar reported its access to energy as 50 per cent in 2019.
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Sri Lanka, India, and Thailand have achieved 100 per cent or near 100 per cent energy access. |
BIMSTEC energy Centre (BEC):
- India hosted the first meeting of Governing Board of BIMSTEC Energy Centre in February 27, 2023.
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Energy Resources in the region The BIMSTEC region encompasses vast energy resources, including:
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- BIMSTEC Energy Centre is situated in Bengaluru, India.
- It aims to create free-trade and power grid interconnectivity agreements, and a masterplan for transport connectivity in the Bay of Bengal region (adopted at the current summit).
- Considering the current energy scenario in the region, the meeting recommended to add the additional following areas under the specialized Wings of BEC:
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- Cyber Security
- Green Hydrogen
- Energy Transition
- In 2021, the initiative was reorganised into seven sectors.
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About BIMSTEC:
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