Power News We love to talk!
Union Minister of State for Power, Coal, New and Renewable Energy and Mines (Independent Charge) Piyush Goyal has praised Germany for being a very reliable partner country in supporting India in achieving its goal for sustainable development through bilateral cooperation for almost six decades.
Speaking on the occasion of the two countries inking an agreement to ensure power grid stability and integration of renewables between his ministry and the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH India, Goyal said, "I am delighted that this relationship between GIZ and India will result in improve market mechanisms and regulations, help us train manpower, to ensure grid stability and integration of renewables into grid and ensure safer and secure grid and a grid which can take cyber challenges".
The Ministry of New and Renewable Energy (MNRE) and GIZ GmbH India signed an agreement on technical cooperation under the "Indo-German Energy Programme - Green Energy Corridors (IGEN-GEC)" here on Monday.
The agreement was signed in the presence of Goyal and German Ambassador to India Martin Ney by Wolfgang Hannig, Country Director, GIZ GmbH India and A.N. Sharan, Joint Secretary, MNRE. The main objective of this programme component is to improve the sector framework and conditions for grid integration of renewable energies.
Being committed to this objective, GIZ and MNRE will work on improving market mechanisms and regulations for integration of Renewable Energies; advancing technical and institutional conditions in specified target states, regions and on a national level; adding human capacities to handle systemic (strategic, managerial, financial, technical) Renewable Energies integration in an efficient and effective manner.
The IGEN-GEC programme is commissioned by the Federal Ministry for Economic Cooperation and Development (BMZ) and jointly implemented by MNRE and GIZ. This programme component supports the implementation of the Renewable Energy Management Centre (REMCs), Green Energy Corridors scheme of the Government of India which is a prerequisite for large scale grid integration of renewable energy thus contributing to achieve the 175 GW target of the Government of India for renewable energy generation capacity by 2022.
Based on the Indo-German Consultations held on 11th April 2013 in Berlin, both countries confirmed collaboration on the Green Energy Corridors. In the subsequent bilateral development cooperation negotiations, it was agreed that Germany will provide concessional loans of up to 1 billion Euros through KfW (German Development Bank) and up to 10 million Euros under technical assistance in forecasting, balancing, market design, network management and demand side energy efficiency, implemented by GIZ. These contributions have been further increased in 2015 and 2016 by concessional loans up to 400 million Euros for transmission infrastructure and up to 7 million Euros for training activities in the photovoltaic solar rooftop sector and energy efficiency in residential buildings under technical assistance through GIZ.
It was added that India and Germany will further benefit each other in the journey towards sustainable development. Economic growth and a cleaner world with successful continuation of cooperation and fruitful exchange.
- Iran bank team to visit India for settling oil dues Read more
- Odisha, TN ultra mega power projects award by February Read more
- Power projects refuse to bleed, companies snap supply in Gujarat Read more
- ACME commissions 100 MW solar plant in Rajasthan Read more
- My Eco Energy to make bio-diesel Read more
- OIL Q1 Net Profit down 56 per cent Read more
- PSERC upholds petition against PSPCL for wrong billing Read more
- Renewable Energy Ministry wants one Act for all green energy policies Read more
- SC to pronounce verdict in coal scam against Madhu Koda today Read more
- First unit of Hinduja Power's Vizag plant to go on stream by December Read more