India : MNRE signs agreement with Germany to improve renewable energy grid Integration

The IGEN-GEC programme is commissioned by the Federal Ministry for Economic Cooperation and Development (BMZ) and jointly implemented by Ministry of New and Renewable Resources (MNRE) and GIZ.

New Delhi: The Ministry of New and Renewable Energy (MNRE) signed an agreement on technical cooperation under the “Indo-German Energy Programme – Green Energy Corridors (IGEN-GEC)” with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) today.

"The main objective of this programme component is to improve the sector framework and conditions for grid integration of renewable energies," the ministry said in a statement.

The IGEN-GEC programme is commissioned by the Federal Ministry for Economic Cooperation and Development (BMZ) and jointly implemented by Ministry of New and Renewable Resources (MNRE) and GIZ.

The two countries began collaboration on the Green Energy Corridors in 2013 following Indo-German Consultations held in Berlin.

Germany had agreed to provide concessional loans of up to 1 billion euros through KfW (German Development Bank) and up to 10 million euros under technical assistance in forecasting, balancing, market design, network management and demand side energy efficiency implemented by GIZ, the statement noted.

"India & Germany share a very dynamic and active engagement, furthering the relations in a variety of areas. I am delighted that the agreement between MNRE and GIZ will result in improving India's market mechanisms & regulations and also ensure grid stability," power, coal, renewable energy and mines minister Piyush Goyal said.

He also added that MNRE is in the process of implementing the first phase of the Green Energy Corridor. "We have already completed 9,400 circuit km of Green Energy Corridors entailing an investment of $ 2 billion. We will begin the second phase next year," Goyal said.

Goyal also added that Germany has been supporting India in achieving its goal for sustainable development through bilateral cooperation for almost six decade now.
“When Power Grid Corporation of India submitted a comprehensive and well elaborated “Transmission Plan for Envisaged Renewable Capacity” in July, 2012 to MNRE it paved the way for India’s ambitious goals to transform its power system. Both the countries have very constructive dialogue under the Indo-German Energy Forum (IGEF)," German Ambassador to India Martin Ney said.

Germany had also increased monitery contributions in 2015 and 2016 by concessional loans up to 400 million euros for transmission infrastructure and up to 7 million euros for training activities in the photovoltaic solar rooftop sector and energy efficiency in residential buildings, the statement said.

 

Source : http://energy.economictimes.indiatimes.com/news/renewable/mnre-signs-agreement-with-germany-to-improve-renewable-energy-grid-integration/60261872

SMART GRID Bulletin October 2017


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