New Delhi (NVI): The Union Cabinet today approved the signing of a Memorandum of Understanding (MoU) between India and the US for exchange of information in areas of mutual interest in the electricity sector.
The Central Electricity Regulatory Commission (CERC), India will enter into an MoU with the Federal Energy Regulatory Commission (FERC), United States of America (USA).
An official statement by the Ministry of Power said that the MoU will help in improving regulatory and policy framework for developing an efficient wholesale power market and enhancing grid reliability.
Under the MoU, the activities to be carried out include identifying energy-related issues and develop topics and possible agendas for the exchange of information and regulatory practices in areas of mutual interest.
It will include visits by commissioners and staff to participate in activities at each other’s facilities and participate in seminars, visit, and exchanges.
Also, it provides for development programs of mutual interests and where appropriate, hold these programs locally to enhance participation.
In addition to this, when practical and of mutual interest, the MOU will provide speakers on energy issues and other personnel (management or technical), the Ministry said.
-RJV/ARK
