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Construction : Deals | October 2014 | Source : Construction Update

SAARC framework agreement for energy co-operation likely to be signed in November 2014

The 5th SAARC Energy Ministers Meeting has recently finalized the SAARC Framework Agreement for Energy Cooperation (Electricity). This agreement has been pending since 2010 and is a crucial step towards developing a SAARC Market for Electricity (SAME) on a regional basis. Two days meeting concluded recently with the Ministers assurance to get the Framework Agreement approved from their respective Governments so that it could be signed during the forthcoming SAARC Summit scheduled to be held in November, 2014 in Kathmandu, Nepal.
 
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