Govt approves MoUs with France & Mongolia on renewable energy

Cabinet on Wednesday gave nod for two separate agreements with France and Mongolia to encourage and promote technical bilateral cooperation on new and renewable energy issues.

"The Union Cabinet, chaired by the Prime Minister Narendra Modi, on Wednesday gave its ex-post-facto approval for the Memorandum of Understanding (MoU) between India and France which was signed in Paris, during the visit of the Prime Minister to France on April 10, 2015," an official statement said.

The signing of the MoU will help establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on the new and renewable energy issues on the basis of mutual benefit, equality and reciprocity.

The pact envisages constitution of a Joint Working Group which can co-opt other members from scientific institutions, research centres, universities or any other entity, as and when considered essential.

The MoU will also help in strengthening bilateral cooperation between India and France.

The statement said that the Cabinet also gave its ex-post-facto approval for the MoU between India and Mongolia for five years. This MoU was signed at Ulaanbaatar during the visit of the Prime Minister to Mongolia on May 17, 2015.

The MoU will help establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on the new and renewable energy on the basis of mutual benefit, equality and reciprocity.

The MoU will also help in strengthening bilateral cooperation between India and Mongolia, it added.