The key objective of Task Force-1 (TF-1) is harmonization of policy, legal and regulatory issues for the fair allocation of costs and risks through conducive policies and legal and regulatory instruments, to create the enabling systemic conditions for a sustainable market for implementation and expansion of CBET projects.
The 11th Meeting of SAREP TF-1 convened in Colombo, Sri Lanka in October 2023. It marked a significant step towards fostering cooperation and collaboration among SA nations to enhance CBET through coordination/harmonization of policies, legal frameworks, and regulatory mechanisms. The key focus are:
- Long Term Regional Cross Border Energy Policy & Regulatory Vision (RCEPRV) as a future outlook with a 25 to 30-year time horizon, in consultation with policy makers, regulators for long term sustainability of CBET based on common principles.
- Developing Regional Dispute Settlement Framework, Mechanism, and associated procedure for Advancing CBET in South Asian Region.
- Regional Policy and Regulatory Framework for Regional Electricity Market Monitoring and Oversight.
Read more about the Terms Reference of Task Force-1 here and 11th Meeting of SAREP Task Force-1 on ‘Coordination of Policies, Legal and Regulatory Frameworks for Cross Border Electricity Trade’ here.