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Inaugural meeting of India-EU Energy Panel

June 29, 2005

The inaugural meeting of the India-EU Energy Panel took place today in Brussels. The Panel was headed on the Indian side by Foreign Secretary, Shri Shyam Saran and on the EU side by Mr. Lamoureux, Director General for Energy and Transport in the European Commission.

The India-EU Energy Panel was constituted as a follow up to a decision taken at the 5th India-EU Summit at the Hague in November, 2004, when leaders on the two sides agreed to commence a wide ranging dialogue on Energy, underlining the importance they attached to India-EU cooperation in this sector. The Panel has been set up to discuss the various possible strategies for development of secure and sustainable energy supplies of fossil, renewable and nuclear energy.

The jointly agreed Terms of Reference of the Panel envisages cooperation by India and EU in a large number of areas, including demand/supply assessment, joint action for developing new sources of energy, including harnessing of nuclear energy, improving efficiencies, technology tie ups and greater investment flows.

The two delegation exchanged views on the emerging energy scenario and senior officials from the concerned Departments and Ministries in Government of India, including Commerce, Power, Petroleum and Natural Gas, Coal, Atomic Energy, Non Conventional Energy Sources and Environment, along with their counterparts in the EU side discussed future prospects for development of all the fuel chains and the key priorities for cooperation.

Both sides reaffirmed their interest in close cooperation in the energy sector. India expressed her particular interest in transfers of technology, in joint research projects between R&D establishments in India and the EU and in sharing of best practices in areas of mutual interest, including Clean Coal Conversion technologies, Energy Efficiency and Renewable Energies. India has already conveyed its willingness to join the International Thermonuclear Experimental Reactor (ITER) project.

The high level panel decided to set up Working Groups in the areas of:

  • Coal and clean coal conversion technologies,
  • Energy efficiency and renewable energies,
  • Fusion energy including India's participation in ITER.

Future meetings would also involve representatives from the private sector in order to encourage business partnerships. The Energy sector could be one of the areas of discussion at the India-EU Business Summit in September, 2005, followed by an India-EU Business Conference dedicated to Energy Cooperation in early 2006.

It was decided to hold the next meeting of the Panel in the first quarter of 2006 in New Delhi.

Brussels

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