Cabinet approves MoU with Mozambique on renewable energy

Image
IANS New Delhi
Last Updated : Oct 14 2015 | 3:48 PM IST

The union cabinet on Wednesday approved a memorandum of understanding (MoU) signed between India and Mozambique in August this year to improve bilateral cooperation in the field of new and renewable energy.

The MoU was signed between the ministry of new and renewable energy and the ministry of mineral resources and energy of Mozambique government here on August 5 during the visit of Mozambique President Filipe Nyusi to India.

"The Memorandum of Understanding will help in strengthening bilateral cooperation between the two countries," an official statement said.

The decision was taken at a meeting of the union cabinet chaired by Prime Minister Narendra Modi, it added.

The MoU was inked to promote technical bilateral cooperation, investment promotion and partnership in the new and renewable energy sector.

The areas of cooperation would focus on development of new and renewable energy technologies, specialised training courses, research and development and technology transfer in renewable energy, among other things.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 14 2015 | 3:36 PM IST

Next Story