State Counsellor Aung San Suu Kyi received M Shahidul Islam, secretary-general of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) at her office in Nay Pyi Taw on December 5.
The State Counsellor and the BIMSTEC chief exchanged views on matters relating to cooperation in a wide range of sectors, including agriculture, environment and natural disasters, reported the Ministry of Foreign Affairs.
Along with the State Counsellor, Kyaw Tin, Minister for International Cooperation, Kyaw Moe Tun, Director-General of International Organisations and Economic Department and other officials were present at the meeting.
The parliament approved of Myanmar signing ‘Memorandum of Understanding for Establishment of the BIMSTEC Grid Interconnection’ in November in 2016.
The MoU will provide a broad framework for the parties to cooperate towards the implementation of grid interconnections for trade in electricity with a view to promoting rational and optimal power transmission in the BIMSTEC region.
The memorandum will also facilitate the optimisation of using energy resources in the region for mutual benefits on non-discriminatory basis subject to laws, rules and regulations of the respective parties.
Also discussed were the promotion of efficient, economic, and secure operation of power system needed through the development of regional electricity networks; the necessity of optimisation of capital investment for generation capacity addition across the region; and power exchange through cross-border interconnections.
BIMSTEC is an international organisation involving Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. The ‘Plan of Action for Energy Cooperation in BIMSTEC’ was formulated in the first BIMSTEC Energy Ministers’ Conference held in New Delhi on October 4, 2005.
The third meeting of BIMSTEC was held in Myanmar in March in 2014.
Translated by Win Htut