India Takes Major Step Towards Creation of Regional Power Grid

In a major stride towards creating a robust regional power grid, the country’s largest power trading platform, the Indian Energy Exchange (IEX), has commenced the cross-border electricity trade (CBET). This maiden initiative will help energy exchanges based here progressively extend their reach beyond India’s territorial boundaries to not only countries of South Asia but also a large market like Myanmar in the South East Asia region under the evolving grid. Since 2014, the region has been an important cornerstone of India’s foreign policy under Prime Minister Narendra Modi’s ‘Act East’ initiative.