India signed MOU with Denmark to develop cooperation in the power sector

Government of India has signed a Memorandum of Understanding (MoU) with Denmark on Indo-Denmark Energy Cooperation to develop cooperation in the power sector. The MoU was signed between the Ministry of Power, India, and the Ministry for Energy, Utilities, and Climate, Denmark.

Under the MoU, a strong, deep, and long-term co-operation between two countries in the power sector will be developed on the basis of equality, reciprocity, and mutual benefit.

The MoU will establish 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, etc.

The Indian electricity market would benefit from cooperation with Denmark in all the aspects of power.

To implement the agreement, a Joint Working Group (JWG) will be established under the MoU.

The JWG will be co-chaired by Joint Secretary level officials.

JWG will report to a Steering Committee, jointly chaired by the Secretary level officer from both sides.

GoI aims to take the necessary steps to encourage and promote strategic and technical co-operation in the power sector for mutual benefit.