The eight member-countries of South Asian Association for Regional Cooperation (SAARC) on 27 November 2014 signed an Energy Pact at the 18th SAARC Summit held in Kathmandu, Nepal.
As part of Energy pact, the SAARC leaders signed the framework agreement on cooperation in the power sector to ensure electricity trading through grid connectivity.
Pakistan had opposed the energy pact, citing non-completion of internal process but finally agreed to sign it after heads of states and governments took up the matter with Pakistan Prime Minister Nawaz Sharif at a retreat session in Dhulikhel.
A timeframe of three months had been fixed for according approval to the connectivity pacts which will encourage people-to-people contact and movement of goods.
The Agreement will enable greater cooperation in the power sector among SAARC countries. The Agreement is expected to improve the power availability in the entire SAARC region. It would facilitate integrated operation of the regional power grid.
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