Cabinet nods MoU with Mozambique for cooperation in renewables

NEW DELHI: Government today approved an agreement between India and Mozambique for technical bilateral cooperation and investment promotion in the area of new and renewable energy.

"The Union Cabinet chaired by Prime Minister Narendra Modi has approved MoU between the Ministry of New and Renewable Energy, India and Mozambique," an official press release said.

According to the statement, the MoU was signed between the Ministry of New and Renewable Energy and Mozambique's Ministry of Mineral Resources and Energy on August 5 during the visit of Mozambique President Filipe Nyusi to India.

The Memorandum of Understanding (MoU) will help in strengthening bilateral cooperation between the two countries.

India has set a target of 175 GW of renewable energy capacity by 2022, which includes 100 GW of solar power, 60 GW of wind power, 10 GW of biomass-fired power and 5 GW of small hydro power.