Deepening Integration through Political and Economic Cooperation
Foreign investment is contributing to regional cooperation in the South Asian energy sector. This chapter assesses the scope for regional energy cooperation in South Asia and the associated opportunities and challenges. It describes the energy status of the region in comparison with other regions, focusing on each member country in order to highlight the importance of energy services for the region and to identify where the region's needs lie in this sector. The chapter then discusses the regulatory reforms and liberalization undertaken in the energy sector and the related outcomes. It also considers the existing and proposed intraregional cooperation initiatives and regional projects at the private sector, multilateral, and governmental levels, as well as in the South Asian Association for Regional Cooperation (SAARC) context and the progress that has been made.
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