U.S., Japan Sign Agreement to Support
Power Sector Development in India
May 17, 2007
George Deikun, USAID
Mission Director, and Kikuo Nakagawa, Chief
Representative of Japan Bank for International
Cooperation in India, after signing an agreement on
cooperation in Indian energy sector development.
Photo credit: Vikas Narula, U.S. Embassy
NEW DELHI –The United States Agency for
International Development (USAID) and the Japan Bank
for International Cooperation today signed a formal
agreement of cooperation to support development and
accelerate reform efforts in the Indian power
sector.
Kikuo Nakagawa,
Chief Representative of Japan Bank for International
Cooperation (India), and George Deikun, USAID/India
Mission Director, signed the agreement in New Delhi.
This agreement
advances infrastructure and rural development to the
poor, consistent with the Government of India’s
development and power sector agendas. It builds on
earlier cooperation between the two partners in
India that began with interventions in the water
sector and would build up through a program with the
Bangalore Electricity Supply Company Limited to
improve customer service.
The agreement
emphasizes various sectors, including electricity
distribution and rural electrification. The agencies
will work together on the following activities:
alternative financing of rural electrification
projects, joint pilot projects in distribution
reform and upgrades, capacity development of power
sector professionals, and sharing of knowledge and
best-practices.
Collaboration and
joint funding of renewable energy and energy
efficiency projects is another area of cooperation
affirmed in the agreement.
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