India-US consortium to bolster India’s power grid with Rs 190 crore

India-US consortium to bolster India’s power grid with Rs 190 crore

A consortium consisting of the US Energy Department, India’s Ministry of Science and Technology and “industry partners” from India will pool in $30 million  or approximately Rs 190 crore  over five years to advance the power grid in the South Asian nation.

According to an official statement from the US Department of Energy (DOE), the initiative is supported by the department’s Office of Electricity Delivery and Energy Reliability. The statement adds that the initiative “builds on the department’s commitment to fostering the reliable, resilient, and secure delivery of electricity needed for strong US national security, economic growth, and global leadership, as well as furthering DOE’s collaboration with India under the US-India Partnership to Advance Clean Energy (PACE).” Read More…

 

Credit By : Ib Times

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