India and Demark signed a memorandum of understanding (MoU) to develop “a strong, deep and long-term cooperation” between two countries in the power sector based on “equality, reciprocity and mutual benefit,” a government release has said.
The MoU was inked by Sanjiv Nandan Sahai, Secretary Power from the Indian side and Freddy Svane, Ambassador of Denmark to India from the Danish side on Friday.
The MoU provides for collaboration in areas like off-shore 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 (PPAs), incentivising power plant flexibility, variability in renewable energy production, etc. The Indian electricity market would benefit from cooperation with Denmark in these areas.
Under the terms of the MoU, a joint working group (JWG) will be established for the implementation of the identified areas. The JWG will be co-chaired by joint secretary level officials reporting to a steering committee, jointly chaired by the secretary-level officer from both the sides.
The Indian and Danish 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.