MoU between Ministry of New & Renewable Energy of Mozambique & India

Special Banking Arrangement -indianbureaucracy
Special Banking Arrangement -indianbureaucracy

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has approved MoU between the Ministry of New and Renewable Energy, India and Mozambique.

A Memorandum of Understanding was signed between the Ministry of New and Renewable Energy of the Government of India and the Ministry of Mineral Resources and Energy, Government of Mozambique in New Delhi on 5th August, 2015, during the visit of H.E. Mr. Filipe Nyusi, President of Mozambique to India.

The Memorandum of Understanding will help in strengthening bilateral cooperation between the two countries.

Background:

The objective of this Memorandum of Understanding is to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation, investment promotion and partnership on new and renewable energy issues on the basis of mutual benefit, equality and reciprocity. The areas of cooperation will focus on development of new and renewable energy technologies in the field of conducting on-the-job and specialized training courses on renewable energy field, Research & development and of technology transfer in renewable energy, including Labs; Exchange of experience on different kinds of renewable energies, focusing on solar, wind, biomass, biofuels and geothermal; Establish a bilateral private sector renewable energy platform; Scientific visits and any other mutually agreed areas.

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