Business & Economy

India, US agree to collaborate further in energy sector

NetIndian News Network

New Delhi, March 11, 2014

India and the United States today agreed to further work collaboratively in the energy sector and to promote scientific cooperation, research and development for greater technological innovation.
At the India-US Energy Dialogue held here today, the two sides also agreed on deployment of environmentally-friendly technologies and products.
Planning Commission Deputy Chairman Montek Singh Ahluwalia and US Energy Secretary Ernest Moniz held a press conference after participating in the dialogue at which they hoped the exercise would lead to greater business-to-business collaboration between the two countries.
They said expanding trade and sound regulatory frameworks would emerge to deliver energy solutions for sustainable growth of economies of both the countries for benefit of their people.
Five of the six working groups affiliated with the Energy Dialogue (Coal, Oil & Gas, New Technologies and Renewable Energy, Power and Energy Efficiency, and Sustainable Growth) have held meetings over the last five days at the Co-chairs level including experts/officials.
The civil nuclear working group did not meet during the Dialogue, but will meet later in the year.
The US-India Joint Clean Energy Research and Development Centre had also brought up issues relating to progress on solar energy, advanced bio-fuels and energy efficiency of buildings under PACE-R.
Partnership to Advance Clean Energy PACE- Research & Development (PACE-R) has been working on research and development projects on solar energy, building energy efficiency and second generation bio-fuels. A number of consortia from industry, R&D and education institutions have been formed to take up the projects in these areas.
In 2009, India and the US agreed to significantly increase collaboration in energy security and clean energy through the Partnership to Advance Clean Energy (PACE).
India and USA have also signed two separate MoUs for partnership in clean energy access (PEACE) and demand for air-conditioning sector. The MoU on Promoting Energy Access through Clean Energy (PEACE) was launched in September 2013 for promoting increased energy access and is developing several priority activities.
Dr. Moniz will be in Mumbai tomorrow to witness the meeting of the civil nuclear working group which could help to work towards cooperation in this sector.
The US delegation to the dialogue included the Department of Energy, US Trade and Development Agency (USTDA), the US Agency for International Development (USAID), Department of Commerce and State Department.
The Energy Dialogue highlights ongoing engagement in the areas of civilian nuclear energy, electrical grid and power generation cooperation, energy efficiency, oil and gas exploration and investment, expanding markets for renewable energy technologies, and addressing barriers to clean energy deployment.

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