Strategies include building national and regional institutional capacity, cost sharing across borders, governance and regulations, enhancing access to modern energy, developing low-carbon and renewable domestic resources, improving regional energy cooperation and energy security, and promoting private sector participation in energy development. One key focus area is the development of hydropower potential, especially in the Lao People's Democratic Republic. Other activities pertaining to the energy sector include issues related to development of new and renewable sources (including small hydro), addressing the food-energy nexus, standardization and testing. These are captured in the BIMSTEC Memorandum of Understanding on Grid Interconnection.