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India-Germany green energy pact nears closure

business Updated: May 17, 2013 23:44 IST
HT Correspondent

With an assistance of €1 billion from Germany, India will develop green corridors fto link power generated from renewable sources like wind and solar energy into the national grid.

Power minister Jyotiraditya Scindia held detailed discussions during his two-day visit to Berlin earlier this week for enabling India set up green energy corridors for the transmission of solar and wind power.

The green energy corridors project will enable evacuation of over 30,000 MW of renewable energy generated during the 12th FiveYear Plan in India into the national grid.

“Detailed discussions were held in Berlin between Scindia and Germany’s minister of state for economic co-operation & development Gudrun Kopp on the early finalisation of the green energy corridors and its implementation,” said a power ministry statement.

Scindia’s visit is a follow-up to the Prime Minister Manmohan Singh’s visit to Berlin in April for the second round of inter-governmental consultations between India and Germany. Cooperation in power and renewable energy were one of the key areas of discussions between Singh and German Chancellor Angela Merkel, with both governments highlighting this as a vital sector for ongoing and enhanced cooperation.