EU launches €5m South Asia energy connectivity project
Summary
The European Union has launched a €5 million regional project to enhance cross-border electricity trade among five South Asian countries, including Nepal, aiming to boost energy security and renewable energy integration.
Key Points
- The European Union launched a €5 million Energy Connectivity in South Asia (ECSA) project involving Bangladesh, Bhutan, India, Nepal, and Sri Lanka.
- The project aims to strengthen cross-border electricity trade, enhance energy security, integrate renewable energy, and support sustainable economic growth.
- ECSA will provide policy support, technical studies, capacity-building, and promote joint renewable energy projects and transmission infrastructure.
- The initiative draws on European expertise and complements existing regional efforts by organizations like the Asian Development Bank and BIMSTEC.
