Union Cabinet has approved MoU between India and USA for exchange of information in areas of mutual interest in the electricity sector.
Key takeaways
Central Electricity Regulatory Commission (CERC), India and Federal Energy Regulatory Commission (FERC), United States of America (USA) will enter into a MoU for exchange of information and experiences in areas of mutual interest to both in the electricity sectors.
The MoU will help in improving regulatory and policy framework for developing efficient whole sale power market and enhancing grid reliability.
Under the MoU, the two sides will identify energy-related issues and develop topics and possible agendas for the exchange of information and regulatory practices in areas of mutual interest.
