The Union Cabinet has announced that it has given ex-post facto consent to a pact signed between India and Guinea in the field of renewable energy. "The Union Cabinet chaired by Prime Minister Narendra Modi has given endorsement for the MoU (memorandum of understanding) between India and Guinea in the field of renewable energy," an official statement believed.
The objective of the MoU is to institute the basis for a cooperative institutional relationship and to encourage and promote bilateral technical cooperation in renewable energy on the basis of mutual benefit, equality and reciprocity between the parties.
The areas of cooperation comprise solar energy, wind energy, bio-energy, and waste to energy, small hydro storage and capacity build.
The MoU will also help in strengthening bilateral cooperation between the two countries, it further.
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