India Inks Pact with Guyana for New & Renewable Energy Technologies

The MoU aimed to establish the basis for a cooperative institutional relationship to encourage and promote bilateral technical cooperation on new and renewable energy on the basis of mutual benefit, equality and reciprocity between the two countries.

India and Guyana has signed a Memorandum of Understanding (MoU) to promote cooperation in developing new and renewable energy technologies.

The MNRE said in its notification that, “The Ministry of New and Renewable Energy of the Republic of India and the Ministry of Public Infrastructure of the Co-operative Republic of Guyana having identified new and renewable energy as a common area of interest; and desiring to establish cooperation between the Indian and Guyanese entities with the aim of developing new and renewable energy technologies.”

The MoU aimed to establish the basis for a cooperative institutional relationship to encourage and promote bilateral technical cooperation on new and renewable energy on the basis of mutual benefit, equality and reciprocity between the two countries, it said.

Further, the areas of cooperation will focus on development of new and renewable energy technologies in the field of solar energy, wind energy, biomass/ bio-energy, small hydro and capacity building.

As per the MoU, the modalities of cooperation may include: exchange and training of scientific and technical personnel; exchange of available scientific and technological information and data; organization of workshops, seminars and working groups; transfer of equipment, know-how and technology on non-commercial basis; development of joint research or technical projects on subjects of mutual interest; and other modalities as may be decided upon by the two countries.

Moreover, the two countries will establish a Joint Working Group (JWG) in order to coordinate its activities and to decide upon project proposals related to design and development of new and renewable energy technologies.

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