India and IEA sign energy co-operation agreement

The International Energy Agency (IEA) and India have signed a co-operation agreement on energy policy and technology research. It also includes analysis of global trends in pricing and supply of energy […]

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By Jacqueline Echevarria

The International Energy Agency (IEA) and India have signed a co-operation agreement on energy policy and technology research.

It also includes analysis of global trends in pricing and supply of energy as well as development of human resource strategies for the power sector.

The two parties have agreed to look into regular exchange of statistics and other energy sector information as well as increased seminars, training and visits involving researchers and other experts.

The Statement of Intent was signed by IEA’s Executive Director Fatih Birol and Arvind Panagariya, Vice-Chairman of the National Institution for the Transformation of India (NITI).

It also will push forward ongoing IEA-India work in a number of cross-cutting issues that apply to the country’s energy system.

They include work for the agency’s flagship publication, the World Energy Outlook (WEO) as well as modelling, forecasting and identification of data needs.

Mr Birol said: “As India moves to the centre of the global energy stage, it is vital that the IEA and our members step up our level of engagement. This agreement will allow us to do that by improving  mutual understanding of the functioning of energy markets in the world.”