New Delhi, Jun 8 (IANS): India and Denmark have signed an MoU to develop strong and long-term cooperation between the two countries in the power sector.

The MoU provides for collaboration in areas like offshore wind, long term energy planning, forecasting, flexibility in the grid, consolidation of grid codes to integrate and operate efficiently variable generation options, flexibility in the power purchase agreements, incentivise power plant flexibility, variability in renewable energy production etc.

The Indian electricity market would benefit from cooperation with Denmark in these areas, a statement from the power ministry said.

The MoU signed on June 5 by Sanjiv Nandan Sahai, Secretary (Power) from the Indian side and Freddy Svane, Ambassador of Denmark to India from the Danish side, provides for establishment of a Joint Working Group (JWG). The JWG will be co-chaired by Joint Secretary-level officials and will report to a Steering Committee, jointly chaired by the Secretary-level officers from both sides.

The governments will endeavour to take necessary steps to encourage and promote strategic and technical cooperation in the power sector for mutual benefit in the identified areas through the MoU, the statement added.