Power pact

Tata Power Trading Company Ltd and Innovation Norway have signed an MoU (Memorandum of Understanding) for a long-term association for jointly holding and conducting capacity building programs, joint seminars, workshops and roadshows in the areas of power technology such as smart grids, power markets and clean energy technologies. The MoU was signed on November 08th, 2017 at Oslo, Norway.

As a part of the agreement, both parties will organize capacity building and matchmaking workshops in Norway for delegations from Bhutan, Bangladesh, India & Nepal (BBIN) countries. These workshop(s) will be aimed at the adoption of best practices, exploring business and identifying potential areas of collaboration with the Norwegian government and businesses. 

Through this MoU, both sides aim to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on smart grids, renewable energy, power markets, and power systems operations on the basis of mutual benefit, equality and reciprocity. It will assist in the transformation of the Indian power sector by facilitating access to state-of-the-art Norwegian Technologies and funding solutions to Indian power companies. 

A delegation comprising senior representatives of Indian companies lead by Mr. Sanjeev Mehra, Managing Director- Tata Power Trading Company Limited, witnessed the signing. Other major power sector players present were the State-owned Rural Electrification Corporation, Energy & Power Department, Government of Sikkim, Druk Green Hydro Power Corporation, Royal Government of Bhutan, and major private sector players including Tata Power, CESC, GMR Energy, Tata Steel Limited, Bhilangana Hydro Power Limted- Polyplex Group, Greenko Energy Projects Pvt. Ltd. The MoU was signed by Mr. Sanjeev Mehra, Managing Director TPTCL and Mr. Helge Tryti, Director (India) Innovation Norway in the presence of the Ambassador of India to Norway, Mr. Debraj Pradhan.

Representative photo. Green Energy. Credit: Christian Reimer/flickr.com