MOU with the Ministry of New and Renewable Energy in India

  • Area: Asia
  • Environment

The Indian government has set the numerical target of reducing GHG emissions per unit of gross domestic product (GDP) to 20–25% below 2005 levels by 2022.
Seizing the opportunity provided by the official visit of Indian Prime Minister H.E. Narendra Modi to Japan, JBIC and the Indian Ministry of New and Renewable Energy concluded an MOU on the cooperation and exchange of information to promote renewable energy projects in India. The main objective of the MOU is for JBIC to exchange information and opinions with the Indian Ministry of New and Renewable Energy and to promote renewable energy projects by leveraging Japanese companies and their latest technologies. Given the projection that demand for electricity in India will remain strong, active efforts are being made to develop renewable energy in order to ensure electricity generating capacity and to diversify energy supply sources. The MOU is also expected to contribute to the promotion of project development in the renewable energy field in India which makes use of Japanese companies' technologies.
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