The Ministry of Power, Government of the Republic of India and the Ministry for Energy, Utilities and Climate, Denmark signed MoU to develop a strong, deep and long-term co-operation between two countries in the power sector on the basis of equality, reciprocity and mutual benefit.
The MoU was signed between the two countries on 5th June , 2020.
The MoU was signed by Sanjiv Nandan Sahai, Secretary (Power) from the Indian side and Freddy Svane, Ambassador of Denmark to India from the Danish side.
The MoU provides for collaboration in areas like offshore wind, long term energy planning, forecasting, flexibility in the grid, consolidation of grid codes to integrate and operate efficiently variable generation options, flexibility in the power purchase agreements, incentivize power plant flexibility, variability in renewable energy production etc.
The Indian electricity market would benefit from cooperation with Denmark in these areas.
For implementation of the identified areas, a Joint Working Group (JWG) will be established under the MoU.
The JWG will be co-chaired by Joint Secretary level officials and will report to a Steering Committee, jointly chaired by the Secretary level officer from both the sides.
The Governments will endeavour to take necessary steps to encourage and promote strategic and technical co-operation in the power sector for mutual benefit in the identified areas through the MoU.
LATEST NEWS
- Omega Seiki Mobility Launches 2500 Pink Electric Autos for Women Drivers Across India in CSR Partnership with Naari Shakti
- Kazam Partners with Yuma Energy to Launch Battery Swapping at Park and Charge Hubs Nationwide
- SAFDE 2025: Distributed Renewable Energy Gains Momentum in South Asia, But Challenges Remain