India and USA MoU for exchange of information

The Union Cabinet has given its approval for Central Electricity Regulatory Commission’s proposal for entering into a Memorandum of Understanding between Central Electricity Regulatory Commission (CERC), India and Federal Energy Regulatory Commission (FERC), United States of America (USA) for exchange of information and experiences in areas of mutual interest to both in the electricity sectors.

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Key-Points

 The MoU will help in improving regulatory and policy framework for developing efficient whole sale power market and enhancing grid reliability.

Under the MoU, the two sides will identify energy-related issues and develop topics and possible agendas for the exchange of information and regulatory practices in areas of mutual interest.