Private sector groups, particularly indigenous organizations, will be strengthened and have information needed to effectively champion energy sector reform and promote South Asia sustainable energy development with their financial, technical and management resources.
Formation of collaborations involving private sector business, government technocrats and other interested parties from around the region that meet to exchange ideas, publicize successes, and analyze problems, resulting in:
- Enhanced mutual trust
- Confidence to proceed effectively on a path to sustainable energy development (including negotiating financial deals with the local private sector and multinational companies, and creating commercial, market-based operations in the energy sector)
- Solutions developed to remove barriers to regional energy cooperation and trade, such as ways to advance energy sector reform, deal with technical differences across borders, and sharing the differences in countries transmission regulations.
- Capacity developed in all five principal countries in the use of regional analytical tools for energy, economic and financial analysis that include information on potential energy trade with other South Asian countries and can be applied to their energy policy making and planning.
SARI/Energy will play a catalytic role in achieving a set of long-term results in regional energy cooperation, which are instrumental to achieving the longer-term objective of cross-border trade in clean energy in South Asia. The long-term goals are:
- Improved policies and international agreements enabling cross-border trade in clean energy.
- Increased availability of energy to meet regional development needs.
- Improved cross-border infrastructure for electricity transmission and natural gas transport.
- Improved regional market mechanisms related to energy.
- Improved utilization efficiency of energy resources to ensure sustainable economic growth and development.
Together, these conditions will encourage trade in energy that will benefit both buyers and sellers, contribute to economic growth throughout the region, and help mitigate the growth of greenhouse gas emissions from the region.
