Renewable Energy Pact with Peru Approved by Union Cabinet

The agreement aims to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable energy issues on the basis of mutual benefit equality and reciprocity.

For the promotion of renewable energy projects in the country, a Union cabinet chaired by Prime Minister Narendra Modi approved an agreement between India and South American nation Peru.

In an official statement, the government said, “The agreement aims to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable issues on the basis of mutual benefit equality and reciprocity.”

It, the agreement, provides for establishing a Joint Committee to develop Work Plans in order to implement the agreement which will help in strengthening bilateral cooperation between the two countries.

Earlier this month the Ministry of New and Renewable Energy (MNRE) signed two agreements with the Ministry of Energy and Mining of The Republic of Peru and the National Solar Energy Institute (INES) of France for the expansion and promotion of renewable energy.

Both the governments of India and Peru will work towards technical and scientific cooperation in new and renewable energy. Also, the things included in the agreement are the exchange and training of scientific and technical staff, the sharing of scientific and technical information and other related activities of the field.

The agreement between India and France identified multiple areas of cooperation which would propel the growth of clean energy in the respective countries. Both the countries also agreed to work with International Solar Alliance (ISA) member nations and implement pilot projects across the member states.