India signs MOU on “Energy Cooperation” with Denmark

India has signed an Memorandum of Understanding (MOU) on “Energy Cooperation” with Denmark. The MoU was signed between the Ministry of Power, Government of the Republic of India and the Ministry for Energy, Utilities and Climate, Government of the Kingdom of Denmark. The MoU aims to develop a strong, deep and long-term co-operation between two nations in the power sector.

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The MoU signed between the two countries provides for collaboration in the following areas: offshore wind, long term energy planning, forecasting, variability in renewable energy production, flexibility in the power purchase agreements, incentivize power plant flexibility, flexibility in the grid, consolidation of grid codes to integrate and operate efficiently variable generation options, etc.

As per the MoU, India & Denmark will also establish a Joint Working Group (JWG) for implementation of the identified areas. Joint Secretary level officials will co-chair this Joint Working Group and will report to a Steering Committee which would be jointly chaired by the Secretary level officer from both the sides.

Important takeaways for all competitive exams:

  • Prime Minister of Denmark: Mette Frederiksen.
  • Capital of Denmark: Copenhagen; Currency: Danish krone.

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