India and ISA Sign Pact for Solar Projects in 4 Indo-Pacific Nations
POWER & RENEWABLE ENERGY

India and ISA Sign Pact for Solar Projects in 4 Indo-Pacific Nations

A Project Implementation Agreement was signed between the Ministry of External Affairs (MEA) and the International Solar Alliance (ISA) to implement new solar projects in Fiji, Comoros, Madagascar, and Seychelles, according to an official statement. The agreement was finalised, as mentioned in the statement issued by the MEA.

The Wilmington Declaration, released at the Quad Leaders' Summit in Delaware, US, on September 21, outlined that the Quad countries would collaborate through policy and public finance to operationalise their commitment to catalysing high-standard private sector investment in allied and partner clean energy supply chains.

The statement further mentioned that India had pledged to invest $2 million in new solar projects in Fiji, Comoros, Madagascar, and Seychelles.

On November 26, the Project Implementation Agreement (PIA) was signed between the MEA and ISA to execute these projects in the Indo-Pacific nations. As the Project Implementing Agency, the ISA would provide programmatic assistance to these countries, with financial backing from India.

A study conducted by the ISA revealed that the countries selected for the solar projects faced energy-related challenges, including issues with perishability of agricultural products, unreliable electricity supply in health centres, and lack of grid power or solar mini-grids in remote areas for irrigation. Based on discussions with the recipient countries, the solar projects under consideration include cold storage facilities, solar-powered healthcare services, and solar water pumping systems.

A Project Implementation Agreement was signed between the Ministry of External Affairs (MEA) and the International Solar Alliance (ISA) to implement new solar projects in Fiji, Comoros, Madagascar, and Seychelles, according to an official statement. The agreement was finalised, as mentioned in the statement issued by the MEA. The Wilmington Declaration, released at the Quad Leaders' Summit in Delaware, US, on September 21, outlined that the Quad countries would collaborate through policy and public finance to operationalise their commitment to catalysing high-standard private sector investment in allied and partner clean energy supply chains. The statement further mentioned that India had pledged to invest $2 million in new solar projects in Fiji, Comoros, Madagascar, and Seychelles. On November 26, the Project Implementation Agreement (PIA) was signed between the MEA and ISA to execute these projects in the Indo-Pacific nations. As the Project Implementing Agency, the ISA would provide programmatic assistance to these countries, with financial backing from India. A study conducted by the ISA revealed that the countries selected for the solar projects faced energy-related challenges, including issues with perishability of agricultural products, unreliable electricity supply in health centres, and lack of grid power or solar mini-grids in remote areas for irrigation. Based on discussions with the recipient countries, the solar projects under consideration include cold storage facilities, solar-powered healthcare services, and solar water pumping systems.

Next Story
Infrastructure Urban

Larsen & Toubro Secures Contract from Defence Ministry

The Ministry of Defence, Government of India, has awarded a significant contract to Larsen & Toubro (L&T) for supplying K9 Vajra-T Artillery Platforms to the Indian Army. As per the company's project classification, the contract is valued between Rs 50 billion and Rs 100 billion. The K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform, is an adaptation of the globally renowned South Korean K9 Thunder howitzer. It has been co-developed by L&T and Hanwha Aerospace to meet the Indian Army's specific operational needs across diverse terrains, including deserts, plains, and..

Next Story
Real Estate

Delhi-NCR Housing Market sees 25% Sales Growth

The Delhi-NCR property market has maintained its momentum during the December quarter, with housing sales and new supply estimated to grow by 25 per cent and 59 per cent, respectively, as reported by PropEquity. Data from the real estate analytics firm suggests that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this year, compared to 10,354 units in the corresponding period of the previous year. New supply in the region is expected to increase significantly, reaching 11,223 units, a 59 per cent rise from 7,072 units in the year-ago quarter..

Next Story
Infrastructure Urban

DDC Approves Five Key Projects Under Kasaragod Development Package

The District Development Committee (DDC) has approved a budget of Rs 100.08 million for five key projects under the Kasaragod Development Package. This funding is part of the Rs 700 million allocated in the State budget for the 2024-25 financial year, with administrative approval formally amended to incorporate these initiatives. The decision was made during a meeting chaired by District Collector K. Inbasekar on Saturday, December 21. The approved projects include Rs 40.99 million for constructing Udayapuram Thungal Road in Kottom Belur grama panchayat and Rs 20.56 million for setting up a ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000