The founding conference of the International Solar Alliance (ISA) will be held at the Rashtrapati Bhawan Cultural Centre in the capital here on Sunday.
Heads of 23 nations and 10 ministerial representatives of different countries will attend the summit, co-hosted by India and France.
President Ram Nath Kovind, First Lady of India Savita Kovind, Vice President M Venkaiah Naidu and PM Narendra Modi received the leaders at the venue.
#WATCH: President Ram Nath Kovind, First Lady of India Savita Kovind, Vice President M Venkaiah Naidu and PM Narendra Modi receive President of France #EmmanuelMacron and his wife Brigitte Macron. #InternationalSolarAlliance pic.twitter.com/KvaAL7ROUq— ANI (@ANI) March 10, 2018
The summit will deliberate on finance mechanism for the promotion of solar energy, crowd-funding and technology transfer. Demonstrative projects will be showcased by different nations.
President Ram Nath Kovind will co-host the summit with French President Emmanuel Macron. It will focus on various aspects of promoting solar energy in the 121 countries associated with International Solar Alliance (ISA).
The summit assumes significance in view of India's ambitious renewable energy target of having 175 GW clean energy capacities including 100 GW solar and 60 GW wind power.
"India welcomes esteemed dignitaries from Guinea, Tuvalu, DR Congo, Gabon, Gambia, Madagascar, Malawi, Mauritius for the International Solar Alliance Summit," tweeted Raveesh Kumar, spokesperson of external affairs ministry.
Several global bankers have confirmed their participation at the event including Werner Hoyer, President & Chairman, European Investment Bank, K V Kamath, President, BRICS Development Bank, Nandita Parshad, Managing Director, Energy & Natural Resources, European Bank for Reconstruction and Development and Banbang Susantono, Vice President, ASIAN Development Bank.
Menawhile, Prime Minister Narendra Modi on Saturday held a series of bilateral meetings with the heads of three nations ahead of the founding conference of the International Solar Alliance.
OneIndia News (with agency inputs)