According to reports, the US today launched a $ 20 million clean energy deployment programme (PACE-D) to help in India’s transition to a high performing, low emissions and energy secure economy.
“I am proud of our long-standing partnership in the energy sector and I know that we have the potential to strengthen this partnership through the broader PACE-D effort,” US Ambassador to India Nancy J Powell said while announcing the launch of the Indo-US Partnership to Advance Clean Energy – Deployment (PACE-D).
The programme, to be implemented in five years, is an outcome of bilateral energy dialogue created by President Barack Obama and Prime Minister Manmohan Singh in November 2009 and will help to improve energy efficiency, increase the supply of renewable energy and adopt and accelerate deployment of cleaner fossil fuel technology.
PACE-D will work to create an environment that strengthens institutions, increases the availability of innovative financing mechanisms and enhances local capacity to propagate clean energy solutions, said Ambassador Powell.
It will also improve access to energy through renewable sources and will assist India promote grid connected renewable energy, expand rural electrification through micro grids and develop off-grid applications, such as those for fossil fuel replacement, lighting and rooftop systems.
The Ambassador said PACE-D has an “ambitious agenda” as it will also improve access to renewable energy by engaging various state and local governments. “This decentralized engagement will increase access to financing, develop sustainable business models and improve access to renewable energy,” she said.
She also announced the award of contract for implementing the programme to American consulting firm Nexant Inc., which has organised a consortium of both US and Indian partners to provide a range of services and expertise.
India’s Secretary, Ministry of New and Renewable Energy, Giresh Pradhan and Joint Secretary in the Ministry of Power Jyoti Arora were also present on the occasion.