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Cabinet apprised MoU between India-Guyana on cooperation in Renewable Energy

The Union Cabinet chaired by Prime Minister Narendra Modi has been apprised of the Memorandum of Understanding (MoU) on cooperation in Renewable Energy between India and Guyana.

The MoU was signed on January 30, 2018 here by Power and New & Renewable Energy Minister R K Singh and Carl B Greenidge, 2ndVice President and the Foreign Minister of the Co-operative, Guyana.(Read IREDA and EIB enters into 150mn-euro loan agreement for renewable energy)

According to the statement, both sides aim to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable energy issues on the basis of mutual benefit, equality and reciprocity. (Read Microsoft inks its first renewable energy deal in India for Bengaluru facility)

The MoU envisages establishing a Joint Working Committee to review, monitor and discuss matters relation to areas of cooperation. The MoU aims for exchange of expertise and networking of information. (Read LSIS Forays into the Japanese Market with Its Total Solutions for Renewable Energy System)

The Memorandum of Understanding will help in strengthening bilateral cooperation between the two countries.

With PTI Inputs