India, Japan working on deepening energy ties: Piyush Goyal

By: |
Tokyo | January 14, 2016 11:32 AM

India's collaboration with the Japanese think tank in the energy space IEEJ will help it develop a possible energy mix for the country in the years to come, Piyush Goyal said.

piyush goyal-l- pti“We are looking forward to receiving a very robust document which will help us to plan our own energy security in years to come,” the minister said. (PTI photo)

Power and Coal Minister Piyush Goyal today said that Niti Aayog is working actively with the Institute of Energy Economics, Japan (IEEJ) for developing a long-term cooperation in the energy sector which will help India plan its energy security.

India’s collaboration with the Japanese think tank in the energy space IEEJ will help it develop a possible energy mix for the country in the years to come, Goyal said.

“Both organisations — Niti Aayog and the Institute of Energy Economics — are working jointly,” the minister added.

Goyal is scheduled to attend the 8th India Japan Energy Dialogue during his visit.

“We are looking forward to receiving a very robust document which will help us to plan our own energy security in years to come,” the minister said.

A right energy mix is a balance between reliable conventional power plants and environment friendly energy resources.

Goyal on Tuesday held talks with his Japanese counterpart Motoo Hayashi, Minister of Economy, Trade and Industry wherein they discussed a wide range of issues related to the energy sector, deepening the ongoing co-operation.

This is the first ministerial level visit from India to Japan after the visit of Prime Minister Shinzo Abe to India in December 2015.

Goyal invited his Japanese counterpart to visit India for the 9th Energy Dialogue, at a mutually convenient time, in 2017.

The Union Power Minister is accompanied by a business contingent from India, representing over thirty Indian business enterprises and public sector undertakings, apart from the official delegation.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1India launches probe against China, Thailand and Vietnam
2Most of Centre’s flagship welfare schemes keep pace despite slowdown
3Liquidity Woes: Services exporters hit as benefits held back