Pakistan, Sri Lanka, Bangladesh, Nepal to invest $8.1bn in smart gridStaff writer ▼ | June 1, 2016
South Asian countries' power sectors are struggling due to increasing pressure from rising electricity demand, failure to collect revenue and poor reliability.
Electricity With the aid of lending organizations
Smart grid investment is projected to total $8.1 billion over the period 2016-2026 with additional investment in prepaid metering, according to Northeast Group.
The four South Asian countries covered in the study–Pakistan, Sri Lanka, Bangladesh, and Nepal–all have low per-capita consumption and a history of stalled power sector projects.
But many of these hurdles will be overcome through large-scale funding from the Asian Development Bank (ADB), World Bank, and bi-lateral aid organizations such as USAID and the German KfW.
The ADB in particular has pledged nearly $1bn in aid for overall power sector development in Pakistan. Additionally, large-scale smart grid plans in India will have positive spillovers in the region.
Both local and international vendors are active in projects throughout the region. Major global vendors such as EDMI/Osaki, GE, Itron, Landis+Gyr, Secure Meters, and others are all involved in the region's activity. ■