The four South Asian countries covered in the study–Pakistan, Sri Lanka, Bangladesh, and Nepal–all have low per-capita consumption and a history of stalled power sector projects. But many of these hurdles will be overcome through large-scale funding from the Asian Development Bank (ADB), World Bank, and bi-lateral aid organizations such as USAID and the German KfW. The ADB in particular has pledged nearly $1bn in aid for overall power sector development in Pakistan. Additionally, large-scale smart grid plans in India will have positive spillovers in the region.
Both local and international vendors are active in projects throughout the region. Major global vendors such as EDMI/Osaki, GE, Itron, Landis+Gyr, Secure Meters, and others are all involved in the region's activity. There is also an increasing presence of Chinese vendors pursuing projects. Local vendors are led by the Pakistani vendor MicroTech, as well as several Bangladeshi vendors active in the country's prepaid rollout.
Northeast Group's South Asia Smart Grid: Market Forecast (2016-2026) study is 76-pages long and comes with an executive summary presentation in PowerPoint and a dataset in Excel. To order a copy of the study, please visit: www.northeast-group.com
ABOUT: Northeast Group, LLC is a Washington, DC-based smart infrastructure market intelligence firm. www.northeast-group.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/south-asian-countries-of-pakistan-sri-lanka-bangladesh-and-nepal-to-invest-81bn-in-smart-grid-infrastructure-to-modernize-power-sectors-300277134.html
SOURCE Northeast Group, LLC