Power distribution company BYPL has signed a memorandum of understanding (MoU) with Business Finland, a Finnish government agency, for collaborative activities in different areas, including energy efficiency and electric vehicles.
The agreement was signed last week by BSES Yamuna Power Limited (BYPL) chief executive officer PR Kumar and Jukka Holappa, commercial councilor and head ‘Business Finland’ India, at the Embassy of Finland here, said a BYPL spokesperson.
The three year MoU on ‘cooperation in the power distribution sector’ will encompass joint studies, pilot projects, knowledge-sharing and consultancy, research projects for inducting future and emerging technologies at the distribution utility level.
Some of the focus areas the collaboration will include are energy efficiency, renewables, energy storage system, electric vehicle and smart grid initiatives, the spokesperson said. Read More