MNRE & GIZ signs pact to improve Framework Conditions for Grid Integration of Renewable Energies

New Delhi, Aug 28 (KNN) Ministry of New and Renewable Energy (MNRE) and Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India signed a pact today to improve framework conditions for Grid Integration of Renewable Energies.

MNRE, Government of India and GIZ India on behalf of the Government of the Federal Republic of Germany signed an agreement on technical cooperation under the “Indo-German Energy Programme – Green Energy Corridors (IGEN-GEC)”.

The main objective of this programme component is to improve the sector framework and conditions for grid integration of renewable energies.

The agreement was signed in the presence of Union Power Minister Piyush Goyal and the German Ambassador to India, Dr. Martin Ney, by Dr. Wolfgang Hannig, Country Director, GIZ and A.N. Sharan, Joint Secretary, MNRE.

Speaking on the occasion, Shri Goyal said “I am delighted that this relationship between GIZ and India will result in improve market mechanisms and regulations, help us train manpower, to ensure grid stability & integration of renewables into grid and ensure safer & secure grid and a grid which can take cyber challenges.”

Being committed to this objective, GIZ and MNRE will work on improving market mechanisms and regulations for integration of Renewable Energies; advancing technical and institutional conditions in specified target states, regions and on a national level; adding human capacities to handle systemic (strategic, managerial, financial, technical) Renewable Energies integration in an efficient and effective manner. 

It was added that India & Germany will further benefit each other in the journey towards sustainable development. Economic growth and a cleaner world with successful continuation of cooperation & fruitful exchange.