India unlikely to export electricity to Pak in wake of LoC tensions: Report

Image
ANI Islamabad
Last Updated : Aug 21 2013 | 4:25 PM IST

India is reportedly going to withdraw its remarkable energy project with Pakistan due to the recent tension at the Line of Control that saw the killings of soldiers from both sides triggering mutual distrust.

According to the Nation, the newly-elected democratic Nawaz Sharif government in Pakistan had declared that it put in great efforts to make peace with India which was well responded by the latter, however, the recent incidents have given a blow to the much appreciated Pak-India back channel diplomacy.

India was going to offer 500 megawatt of electricity to Pakistan as part of a confidence building measure (CBM).

Sources said that Pakistan's foreign office had forbidden a delegation of country's water and power ministry to fly to India to finalise the deal due to the recent rising confrontation between the two nations.

The report added the sources saying that India had backtracked from its initial offer and was not willing to push forward the energy project

However, Foreign Office spokesman Aizaz Chaudry said that they have not stopped any delegation.

Pakistan purchases electricity from Iran and had sought to purchase 500 megawatt of power from India to alleviate some of the acute energy crisis it is currently facing, the report added.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 21 2013 | 4:13 PM IST

Next Story