Offshore wind collaboration on the anvil
India and Denmark are 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, it was announced on 8 June 2020.
The Indo-Denmark Energy Cooperation MoU was signed on 5 June 2020 by India’s Power Ministry with the Ministry for Energy, Utilities and Climate.
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, said the Power Ministry.
For 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.
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, said the Power Ministry.
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. fiinews.com
