Development Cooperation in Energy
Energy is one of the three areas of Indo-German development cooperation that the two governments explicitly agreed on in 2008 – although it builds on a long tradition of cooperation.
Currently, almost half of India's population does not have access to electricity. India wants to increase its power generation by 60,000 MW to improve access. With economic growth, the demand for electricity is rising. Today, higher economic growth means greater energy consumption. Development cooperation tries to decouple this link. At the same time, our common aim is to protect the climate by increasing energy efficiency and developing sources of renewable energy. Indo-German development cooperation is also active in energy sector reforms.
Germany, India set up India's largest solar power plant
(© Colourbox) To promote development of renewable energy in India, Germany's KfW Development Bank signed a loan agreement worth 250 million euros (approximately Rs 1,600 crore) with the Government of India on 24 August, 2011. The concessional loan will finance a 125 MW solar photovoltaic power plant to be constructed at Sakri in Maharashtra. Once completed, the plant will be the largest of its kind in the world.
Indo-German Energy Programme (IGEN)
(© GTZ / Michael Netzhammer)
The broad focus of the Indo-German Energy Programme (IGEN) is to support the implementation of India's Energy Conservation Act. German international cooperation agency GIZ and the KfW Development Bank jointly implement the programme.
Removal of barriers to biomass power generation in India
The project aims to accelerate the adoption of environmentally sustainable biomass power and cogeneration technologies in India. Germany's KfW Development Bank is implementing the project in cooperation with the Indian Renewable Energy Development Agency (IREDA).
Financial assistance to promote new renewable energy projects in India
(© BMU / Bernd Mueller)
The Indian Renewable Energy Development Agency Limited (IREDA) and Germany's Development Bank KfW signed an Agreement on 7 March 2011 for financial assistance of 200 million euros (approx. Rs 1,200 crores) for promotion of new renewable energy projects in India. In addition, KfW is also extending technical assistance to the tune of 0.50 million euros to IREDA for various accompanying measures, including capacity building measures for IREDA.