India, UK agree on priority areas for bilateral energy cooperation


India, UK agree on priority areas for bilateral energy cooperation

India and the UK will focus on innovation in smart technology to reduce power sector losses and clean energy finance for bolstering bilateral energy ties.In the first India-UK ‘Energy for Growth’ Dialogue here, Power and Renewable Energy Minister Piyush Goyal and UK’s Secretary of State for Business, Energy and Industrial Strategy Greg Clark agreed on priority areas for further collaboration in the energy sector.The agreed areas include innovation in smart technology to improve performance and reduce losses in India’s power sector, financing for clean energy; decentralised energy scale up and sustainability; and support to states in renewable energy planning and deployment, the power ministry said.The two countries will also focus on work to accelerate deployment of renewable energy and its integration with the grid; support for increased energy efficiency; and enhanced energy access for strengthening ties.The dialogue takes forward the commitment of Prime Minister Narendra Modi and UK Prime Minister Theresa May for an enhanced energy partnership between the countries, the release said.

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Credits: energy.economictimes.com

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