India and ASEAN could collaborate on green energy transition framework: CERC fficial

Singapore: India and ASEAN countries could work together to develop a regional policy framework aimed at facilitating a green energy transition, particularly through the use of Small Modular Nuclear Reactors (SMRs), according to Harish Dudani, a senior official of the Central Electricity Regulatory Commission (CERC). Speaking at the Singapore International Energy Week, Dudani emphasized the potential for cooperation in making the shift to low-carbon energy less disruptive.

ASEAN nations, along with India, are showing growing interest in SMRs as part of their strategy to diversify energy sources and meet the rising demand while reducing carbon emissions. Dudani pointed out that SMRs, due to their smaller size, are ideal for localized grids, especially in remote regions where traditional large reactors are not viable. SMRs can also complement renewable energy sources, such as solar and wind, by providing reliable baseload power during periods of low generation.

While SMRs present a promising solution for meeting energy demand and cutting emissions, Dudani stressed the need for robust safety and security measures, particularly in regions with limited nuclear infrastructure. He called for a focus on regulatory frameworks, technical standards, and international cooperation to mitigate risks associated with nuclear energy.

Dudani highlighted India’s growing involvement in bilateral electricity trade with neighboring countries like Nepal, Bhutan, and Bangladesh, which primarily focuses on meeting base energy needs. However, he noted that there is an opportunity for these countries to collaborate more effectively on integrating renewable energy into their grids.

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He urged for regional cooperation in clean energy technology development and deployment, as well as the harmonization of regulatory frameworks. International capital and multilateral development banks (MDBs) also have a role to play by providing financing for modernizing grid infrastructure, Dudani said. He suggested that MDBs could promote green bonds or other financial instruments to support grid infrastructure upgrades needed for renewable energy.

Dudani concluded by advocating for pilot projects to demonstrate the feasibility of new technologies and for regulators to create frameworks that incentivize innovation and grid efficiency. This, he said, would help ensure that the necessary infrastructure for a resilient and sustainable energy future is properly financed.

Source-PTI