India, Iceland inks MoU on renewable energy cooperation

New Delhi, Oct 9 (UNI) The Ministry of New and Renewable Energy today signed a memorandum of understanding (MoU) with Iceland government on renewable energy cooperation.

Under the agreement, both the countries will decide upon project proposals related to design and development of various new and renewable energy technologies, identified areas of mutual interest and cooperation for systems, sub-systems, devices, components and monitor and evaluate cooperation activities, an official statement said.

The MoU proposes to take forward cooperation in various areas of renewable energy technologies.

Iceland and India cooperates in hydrogen and fuel cells under the forum of International Partnership for Hydrogen Economy (IPHE).

Minister of New and Renewable Energy Vilas Muttemwar led a delegation to Iceland in June 2006. During this visit both sides agreed to explore cooperation in the areas of geothermal, hydrogen and fuel cells and wind energy.

UNI