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Power punch

Kongsberg Digital AS of Norway, which is a part of the 200 year-old Kongsberg Group, has entered into a Memorandum of Understanding (MoU) with the Power Trading Corporation of India (PTC), the country’s largest power trading organization. The contract signing was held at the Royal Norwegian Embassy in New Delhi recently.

The MoU, which has been facilitated by Innovation Norway, paves the way for Kongsberg’s entry into the Indian renewable sector, with a focus on the wind sector and digitalization opportunities in renewable energy. Under this MoU, PTC will endeavor to market a software called ‘Empower’, which has been developed by Kongsberg Digital as a wind forecasting, condition monitoring and performance monitoring software. PTC will combine the software with their other products, promoting it as a utility tool for wind-based independent power players. 

At discussions held after the signing, all parties agreed on collaborating more on avenues in renewable energy such as training and development and capacity building. There may also be Joint Working Groups established on different aspects of renewable energy such as solar, wind, hydro and smart grids. PTC and Innovation Norway will bring relevant stakeholders from both sides on board to create a platform for technology sharing, best practices on policy and regulatory aspects and prudent industry practices. We will work together with the aim of encouraging cross learning and promoting business and collaboration between two countries. 

Photo: (L-R: Ambassador Nils Ragnar Kamsvåg, Mr Kishore Sunderesan, Managing Director, Kongsberg Digital, Dr Rajib K  Mishra, Director, Power Trading Corporation and Mr Deepak Amitabh, CMD, Power Trading Corporation.

“Kongsberg is looking forward to taking this MoU forward in the ever growing Indian renewable energy market. We are confident that this MoU will pave way for various individual agreements with the renewable energy companies in India”- Kishore Sundaresaran, Kongsberg Digital AS, Norway.