India approves agreement with Mozambique on renewable energy

15 October 2015

The Indian government Wednesday approved an agreement with Mozambique to for two-way technical cooperation and promotion of investment in new and renewable energy, according to a statement issued in New Delhi.

“The Council of Ministers of the Union, chaired by Prime Minister Narendra Modi approved the memorandum of understanding between the Ministry of New and Renewable Energies and Mozambique,” said the statement cited by the Press Trust of India.

The memorandum was signed by the ministers of New and Renewable Energy of India and the Minister for Mineral Resources of Mozambique on 5 August, during the state visit of the President of Mozambique Filipe Nyusi to India.

The Indian government has set a target to produce 175 gigawatts of renewable energy by 2020, including 100 gigawatts of solar energy, 60 gigawatts of wind power, 10 gigawatts of energy from biomass and 5 gigawatts of power through small hydro facilities. (macauhub/MZ)