India Signs MoU with Denmark for Power Sector Cooperation
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An
MoU on Indo-Denmark Energy Cooperation has been signed between the Power
Ministry and the Ministry for Energy, Utilities and Climate, Government of the
Kingdom of Denmark to develop a strong, deep and long-term co-operation between
two countries.
On the basis of equality, reciprocity and mutual benefit, the MoU on June 5 was signed by Power Secretary Sanjiv Nandan Sahai from the Indian side and Mr 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 among others.
The Indian electricity market would benefit from cooperation with Denmark in these areas. For implementation of the identified areas, a Joint Working Group 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, according to a statement here on Monday.
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.
