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India Enhance Green Energy Corridors With German Aid

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New Delhi: Union MoS Power (Independent Charge) Piyush Goyal addresses at the signing ceremony of Implementation Agreement of Indo-German Energy Programme- Green Energy Corridors (IGEN-GEC) between MNRE and GIZ in New Delhi on Aug 28, 2017. Also seenn Germany Ambassador to India, Dr. Martin Ney. (Photo: IANS/PIB) by .
Union MoS Power (Independent Charge) Piyush Goyal addresses at the signing ceremony of Implementation Agreement of Indo-German Energy Programme- Green Energy Corridors (IGEN-GEC) between MNRE and GIZ in New Delhi (Photo: IANS/PIB)

The India-Germany cooperation in renewable energy development took another step forward with the signing of an implementation agreement worth Rs 52.5 crore under the Indo-German Energy Programme for the green energy corridors project in India….reports Asian Lite News

New Delhi: Union MoS Power (Independent Charge) Piyush Goyal addresses at the signing ceremony of Implementation Agreement of Indo-German Energy Programme- Green Energy Corridors (IGEN-GEC) between MNRE and GIZ in New Delhi on Aug 28, 2017. Also seenn Germany Ambassador to India, Dr. Martin Ney. (Photo: IANS/PIB) by .
Union MoS Power (Independent Charge) Piyush Goyal addresses at the signing ceremony of Implementation Agreement of Indo-German Energy Programme- Green Energy Corridors (IGEN-GEC) between MNRE and GIZ in New Delhi (Photo: IANS/PIB)

The agreement, signed in the presence of Union New and Renewable Energy Minister Piyush Goyal and German Ambassador Martin Ney, is to advance the market mechanisms for renewable energy, as well as for training by German experts in the areas of rooftop solar and energy efficiency, officials said.

For the funding of green energy corridors in both intra- and inter-state transmission projects, KfW Germany is providing a soft loan of Euro 1 billion to India.

“We are implementing the first phase of the green energy corridors, under which 9,400 km of green circuit corridors are being implemented,” Goyal said at the signing ceremony.

“Phase II of the project is going to be taken up later this year,” he said.

The minister said that to transfer power from renewable energy rich states, the Centre is setting up Renewable Energy Management Centres that would help in better grid management.