Public Sector

International Solar Alliance signs MoUs with NTPC, MNRE and World Bank

International Solar Alliance signs MoUs with NTPC, MNRE and World Bank

International Solar Alliance signs MoUs with NTPC, MNRE and World Bank

International Solar Alliance signs MoUs with NTPC, MNRE and World Bank – International Solar Alliance (ISA) has signed an MoU with the Ministry of latest and Renewable Energy (MNRE) and therefore the International Bank for Reconstruction and Development to style an idea for implementing The ISA also signed an MoU with India’s largest power generator, NTPC Limited, for implementing ‘One Solar One World and One Grid’ (OSOWOG) solar power projects in 47 member countries of ISA.

Officially announced during the UN global climate change Conference in Paris in 2015, the ISA may be a partnership of solar resource-rich countries. Currently, 121 countries have agreed to be members of ISA. Most of those are countries with an outsized participation from Africa, Southeast Asia, and Europe. Pakistan and China aren’t members of the ISA. The alliance is headquartered in Gurugram.

At ISA’s first World Solar Technology Summit (WSTS), Union power minister R K Singh delivered a message from Prime Minister Narendra Modi, who lauded ISA’s efforts.

“ISA is that the first inter-governmental organization headquartered in India. The country is providing capacity-building support to ISA member countries. we’ve also found out a project management agency to assist found out bankable solar projects in ISA member countries. ISA may be a part of the OSOWOG project and this project can bring transformational benefit for the whole world,” Singh said while reading out PM’s statement.

According to the draft plan prepared by the MNRE, the ambitious OSOWOG will connect 140 countries through a standard grid that can be wont to transfer solar energy.

“The vision behind the OSOWOG mantra is “The Sun Never Sets” and maybe a constant at some geographical locations, globally, at any given point of your time. With India at the fulcrum, the solar spectrum can easily be divided into two broad zones – the Far East, which might include countries like Myanmar, Vietnam, Thailand, Lao, Cambodia, etc. And therefore, the far West which might cover the center East and the Africa region,” MNRE said within the terms of reference within the RfP published to rent consultants for OSOWOG.

With regards to the MoU signed with the ISA, NTPC Chairman Gurdeep Singh said, “The MoU will help NTPC share its technical and project management expertise with ISA member countries. We are thankful to the governments of Togo and Mali for giving us the chance to create 285 Mw and 500 Mw solar projects, respectively. We are wanting to work closely with the 47 countries that we’ve signed MoU with ISA.”

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