The world’s major industrial democracies spend at least $100 billion each year to prop up oil, gas and coal consumption, despite vows to end fossil fuel subsidies by 2025, a report said on Monday ahead of the G7 summit in Canada.
Attracted by proposed power sector reforms and India’s potential, Italy’s Enel Group is exploring the possibility of entering India’s electricity distribution business, two people familiar with the development said.
The Government on Wednesday was apprised of Memorandum of Understanding (MoU) on India-Italy Cooperation in Renewable Energy between both the nations.
India and Italy today inked six pacts to boost cooperation in key sectors, including energy and trade, after detailed talks between Prime Minister Narendra Modi and his Italian counterpart Paolo Gentiloni on ways to strengthen ties and countering terrorism.
India and Italy on Monday signed six agreements, including in the areas of railway safety and energy, following delegation-level talks headed by Indian Prime Minister Narendra Modi and his Italian counterpart Paolo Gentiloni here.