The Government of India announced that it has entered into an Memorandum of Understanding with the Government of the Kingdom of Denmark on the Indo-Denmark Energy Cooperation. The MoU was signed between the Ministry of Power and the Ministry for Energy, Utilities and Climate, Government of the Kingdom of Denmark. The partnership will help in developing 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 by Sanjiv Nandan Sahai, Secretary (Power) and Freddy Svane, Ambassador of Denmark to India. The MoU was signed on 5th June, 2020.
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.
In order to monitor the 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.
“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,” mentioned in the Ministry’s press release.
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