Regional: Promoting Energy Transition through Regional Cooperation and Integration in South Asia

Project Name
Promoting Energy Transition through Regional Cooperation and Integration in South Asia
Project Number
57116-001
Country / Economy
  • Regional
  • Bangladesh
  • Bhutan
  • India
  • Maldives
  • Nepal
  • Sri Lanka
Project Status
Active
Project Type / Modality of Assistance
  • Technical Assistance
Source of Funding / Amount
TA 10162-REG: Promoting Energy Transition through Regional Cooperation and Integration in South Asia Subregional Economic Cooperation
Source Amount
Clean Energy Fund under the Clean Energy Financing Partnership Facility US$ 3.00 million
TA 10162-REG: Promoting Energy Transition through Regional Cooperation and Integration in South Asia
Source Amount
Technical Assistance Special Fund US$ 700,000.00
Operational Priorities
  • OP1: Addressing remaining poverty and reducing inequalities
  • OP2: Accelerating progress in gender equality
  • OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
  • OP7: Fostering regional cooperation and integration
Sector / Subsector
  • Energy / Energy sector development and institutional reform

Gender
Effective gender mainstreaming
Description

The regional knowledge and support technical assistance (TA) will identify and prepare cross-border power projects, capacity development for the energy sector's Regional Cooperation and Integration (RCI) under the South Asia Subregional Economic Cooperation (SASEC) program and improve collaboration between the agencies working in the SASEC sub-region.

The TA will support the implementation of the SASEC Operational Plan, 2016-2025, which SASEC member countries endorsed in 2016. In 2017, SASEC finance ministers endorsed the SASEC Vision--the overarching framework and long-term strategy to support partnership among member countries--at a meeting in Delhi. SASEC officials agreed upon the flagship initiatives in the SASEC Vision at a subsequent meeting in Yokohama, Japan. The initiatives highlighted energy security and connectivity across the SASEC subregion to enhance cross-border power trade. In 2020, an updated SASEC Operational Plan was released with the aim of spurring the interest of member governments and development partners in considering SASEC projects in their programming discussions. To maintain the momentum and advance these activities, a TA is needed to build capacity of the SASEC member countries to enhance regional collaboration and to prepare cross-border projects of regional significance to meet the energy security and climate ambitions.

Project Rationale and Linkage to Country/Regional Strategy
The SASEC countries are going through a phase of economic transformation fueled by a dramatic increase in energy consumption. The demand for energy has risen rapidly in the past decade and is expected to continue in this decade and beyond. Collectively, South Asia has made good progress in providing electricity access to its hardest-to-reach populations. However, expanding reliability and availability of clean, affordable power remains crucial to consolidating the developmental gains from improved access. The region remains characterized by some of the lowest per capita energy consumptions globally. South Asia is endowed with rich natural and demographic resources, but also confronts multiple development hurdles such as: (i) poor energy security as a consequence of heavy dependence on fossil fuels, particularly coal and oil; (ii) inadequate and undersized infrastructure affecting energy reliability, efficiency, and safety; (iii) climate change; and (iv) limited access to capital arising from policy uncertainty and regulatory barriers.
Impact

Clean energy trade in the SASEC region accelerated

Project Outcome

Description of Outcome

Cross-border clean energy project options made available improved

Progress Toward Outcome

Implementation Progress

Description of Project Outputs

Cross-border clean energy projects identified and developed

Initiatives of subregional cooperation programs on energy and selected utilities supported

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Bangladesh - Nation-wide; Bhutan - Nation-wide; India - Nation-wide; Maldives - Nation-wide; Nepal - Nation-wide; Sri Lanka - Nation-wide

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation, and Consultation

During Project Design
During Project Implementation

Business Opportunities

Consulting Services
ADB will engage consultants following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions.
Procurement
N/A

Contact

Responsible ADB Officer
Acharya, Jiwan S.
Responsible ADB Department
Sectors Group
Responsible ADB Division
Energy Sector Office (SG-ENE)
Executing Agencies
Asian Development Bank

Timetable

Concept Clearance
28 Aug 2023
Fact Finding
21 Aug 2023 to 25 Aug 2023
MRM
-
Approval
20 Oct 2023
Last Review Mission
-
Last PDS Update
20 Oct 2023

Funding

TA 10162-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
20 Oct 2023 - 20 Oct 2023 30 Sep 2028 - -
Financing Plan/TA Utilization
ADB Cofinancing Counterpart Total
Gov Beneficiaries Project Sponsor Others
700,000.00 3,000,000.00 0.00 0.00 0.00 0.00 3,700,000.00
Cumulative Disbursements
Date Amount
11 Mar 2024 39,583.53

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Source URL: https://www.adb.org/projects/57116-001/main