Power Foundation of India and FSR Global Council sign MoU to advance Energy Transition in Power Sector
The Power Foundation of India (PFI) and FSR Global Council (FSR Global) have signed a Memorandum of Understanding (MoU) to work together to support India’s transition towards a cleaner energy future. The MoU was signed in New Delhi by Dr. Sambit Basu, Head (Research), Power Foundation of India, and Ms. Swetha Ravi Kumar, Executive Director, FSR Global in the presence of Director General of Power Foundation, Shri Sanjiv Nandan Sahai (Former Secretary – Ministry of Power, Government of India).
As part of the MoU, FSR Global will collaborate with the Power Foundation of India in its research and studies in Energy Transition, managing transition-related Regulatory Development, furthering Renewable Energy, and capacity-building activities in mutually agreed areas. This MoU intends to provide an overarching framework under which partnerships may be developed between the two organisations in the areas of sustainable development of the Indian Power Sector.
Speaking on the occasion, Dr Basu said, “We are excited to collaborate with FSR Global in our mission to facilitate sustainable development of the power sector in India. This collaboration will enable us to leverage FSR Global’s rich experience in research and capacity building in the areas of power sector regulation, power market development, and managing energy transition to supplement and expand our capabilities to address the challenges of the power sector more effectively. We look forward to a mutually enriching partnership.”
Ms. Kumar said, “This collaboration is a great example of how we can work towards SDG7 via SDG17, as we bring together our institutional expertise to join forces and co-create sustainable actions in India, both at a central and state level.”
Power Foundation of India is a think-tank and a policy advocacy body in the Power Sector. It is a society under the aegis of the Ministry of Power, Government of India. The Foundation undertakes independent, evidence-based research on issues and challenges pertaining to the Power Sector and designs and executes campaigns and outreach programs on themes relevant to the sector.
FSR Global is a Section-8 not-for-profit organization registered under the Ministry of Corporate Affairs, India, and has been working to support India in developing a Regulatory and Policy framework focused on the Energy Sector, including Power, Gas, and other end-use sectors. As a regulatory knowledge hub, FSR Global undertakes policy dialogues, applied research, and training focused on key regulatory topics both at the Central and State level in India.