India, Denmark signs MoU for cooperation in power sector

India and Denmark have signed a Memorandum of Understanding (MoU) on Indo-Denmark Energy Cooperation to develop a strong, deep and long-term co-operation between the two countries in the power sector. The MoU was inked between the two countries on 5th June on the basis of equality, reciprocity and mutual benefit.

The MoU was signed by Sanjiv Nandan Sahai, Secretary (Power) from the Indian side and Freddy Svane, Ambassador of Denmark to India from the Danish side. The MoU provides for 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 these areas.

For implementation of the identified areas, a Joint Working Group (JWG) will be established under the MoU. The JWG will be co-chaired by Joint Secretary level officials and will report to a Steering Committee, jointly chaired by the Secretary level officer from both the sides.

The Governments will endeavour to take necessary steps to encourage and promote strategic and technical cooperation in the power sector for mutual benefit in the identified areas through the MoU.