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India,Japan : INDIA and JAPAN enhance their cooperation agreement in various fields

September 4, 2014

Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe affirmed their intention to continue working together to strengthen energy cooperation including energy efficiency, renewable energy and coal-fired generation technology field through the India-Japan Energy Dialogue.

The 2 Prime Ministers, issued a joint statement after their annual summit meeting, instructing their authorities to enhance cooperation in the following cooperation programmes and projects.

India and Japan welcomed the signing of a Memorandum of Understanding between the Ministry of New and Renewable Energy of India and the Japan Bank for International Cooperation (JBIC) in the field of new and renewable energy.

The 2 nations welcomed enhanced cooperation in construction of highly efficient and environment-friendly coal-fired power plants and progress on cooperation in Clean Coal Technologies (CCT) such as renovation and modernization of the plants and underscored the importance of cooperation in promoting these environment-friendly technologies in international fora.

They welcomed the signing of the loan agreement between the State Bank of India and the Japan Bank for International Cooperation (JBIC) for coal-fired power project in Meja in Uttar Pradesh and the launch of a feasibility study by JICA for Barauni super critical thermal power plant in Bihar.

They also welcomed the agreement between Indian Rare Earths Limited (IREL) and Toyota Tsusho Corporation (TTC) for the production of rare earths as a significant step in India-Japan Strategic and Global Partnership, and reiterated their strong will for the finalisation of the commercial contract as the commencement of commercial production.

Both welcomed progress of cooperative efforts in energy efficiency improvement, including steel, cement, and mechanical tools in India.

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Source: TendersInfo (India)

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