The Union Cabinet chaired by Prime Minister Narendra Modi has granted ex-post facto approval to the MoU between India and Japan for promoting sustainable, stable and low-carbon thermal power development in India.
The signing of the MoU will help India to address issues and barriers in promoting sustainable, stable and low-carbon thermal power development which will be conducive to overall power development for India as well as to facilitate relevant policy implementation.
“The proposal includes undertaking of activities like an update on the current and future policy trend in Indian power sector with wide coverage from R&M and Life Extension (LE) to new power development in India and consideration of the identified barriers to find out those which could be addressed through mutual collaboration by the Central Electricity Authority (CEA) and Japan Coal Energy Centre (JCOAL),” said an official.
The MoU will help in identification of issues to be addressed regarding both existing and upcoming facilities, and also operation and maintenance at either of them. It will also help in implementation of full-fledged diagnosis and other available and effective measures including Residual Life Assessment (RLA) and Conditional Assessment (CA) study with priorities on, but not limited to the target power stations under the Pre-Primary Study and the Cooperation.
The MOU will help in consideration of possibilities for acquisition of carbon credits with bilateral/multilateral offset schemes that are anticipated to be materialized in the future upon consideration of financial side of individual cases of power development.
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