An agreement signed between India and ISA for solar projects in four Indo-Pacific countries.
The Ministry of External Affairs and the International Solar Alliance (ISA) signed a Project Implementation Agreement to execute new solar projects in Fiji, Comoros, Madagascar and Seychelles.
On September 21, the Wilmington Declaration issued at the Quad leaders’ summit in Delaware, USA said that the Quad countries will work together through policy and public finance.
This enables it to deliver on its commitment to catalyze complementary and high-standard private sector investment in collaborative and partner clean energy supply chains.
For this purpose, India has committed to invest USD 2 million in new solar projects in Fiji, Comoros, Madagascar and Seychelles.
On November 26, a Project Implementation Agreement (PIA) was signed between the Ministry of External Affairs and ISA to implement the projects in these Indo-Pacific countries.
As the project implementing agency, ISA will provide programmatic assistance to Comoros, Fiji, Madagascar and Seychelles with financial assistance from India.
The successful implementation of these projects is expected to increase energy access, create employment and provide reliable and quality power supply in these Indo-Pacific countries.
