MNRE AND GIZ SIGN AGREEMENT TO IMPROVE FRAMEWORK CONDITIONS FOR GRID INTEGRATION OF RENEWABLE ENERGIES

The Ministry of New and Renewable Energy (MNRE), Government of India, and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India on behalf of the Government of the Federal Republic of Germany have signed an agreement on technical cooperation under the ‘Indo-German Energy Programme— Green Energy Corridors (IGEN-GEC)’. The main objective of this programme component is to improve the sector framework and conditions for grid integration of renewable energies.

Speaking on the occasion, the then Minister of Power and New & Renewable Energy Shri Piyush Goyal said, “I am delighted that this relationship between GIZ and India will result in improved 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”. Shri Goyal further added that Germany is a very reliable partner country and has been supporting India in achieving its goal for sustainable development through bilateral cooperation for almost six decades now.

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. It was added that India and Germany would further benefit each other in the journey towards sustainable development. There would be economic growth and a cleaner world with successful continuation of cooperation and fruitful exchange.

Source: http://pib.nic.in/