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India and Denmark signed an MOU for developing cooperation in power sector

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India and Denmark sign MOUTo develop strong cooperation and promote strategic intervention in the power sector, an MOU(Memorandum of Understanding ) on the Indo-Denmark Cooperation between the Ministry of Power, Government of the Republic of India and the Ministry for Energy, Utilities and Climate, Government of the Kingdom of Denmark was signed on 5th June 2020.

The MOU was signed by the Secretary (Power), Sanjiv Nandan Sahai and Ambassador of Denmark to India, Freddy Svane.

Why the MOU?

To strengthen the long term co-operation between the two countries in the Power sector on the basis of equality, reciprocity and mutual benefit with special focus on renewable energy. 

Key Points

i.The MOU provides 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

This cooperation with Denmark would benefit the Indian electricity market. 

Implementation:

Under the MOU to implement the agreement of the identified areas a Joint Working Group (JWG) will be established and co-chaired by joint Secretary-level officials who will report to a Steering Committee jointly chaired by the Secretary level officers from both the sides.

Reminisce of India-Denmark Collaboration in 2019:

The approval for this Cooperation agreement between the Ministry of New and Renewable Energy of India and Ministry for Energy, Utilities and Climate of the Kingdom of Denmark on the strategic sector of power were approved by the Union Cabinet chaired by the PM Modi in June last year.

A Letter of Intent to establish an Indo-Danish Centre of Excellence for Renewable Energy in India was also signed in this respect.

About the Ministry of Power & Ministry of New and Renewable Energy

Ministry of Power started functioning independently with effect from 2nd July, 1992. Earlier it was known as the Ministry of Energy sources.

Ministry of New and Renewable Energy (MNRE) is the nodal Ministry of the Government of India in New Delhi, for all matters relating to new and renewable energy.

Minister of State (IC) (Power, New & Renewable Energy)- Raj Kumar Singh

About the Danish Ministry of Climate, Energy and Utilities 

The Danish Ministry of Climate, Energy and Utilities was established on 28 June 2015, when the utility area was added to the responsibilities of the Climate and Energy Ministry to ensure safety and efficiency within the areas of energy and utilities and to promote a greener and more sustainable society.

Aim: The governmental goal is that Denmark will be independent of fossil fuels by 2050.

Minister for Climate, Energy and UtilitiesDan Joergensen