Japan to help India cut power sector emissions
NEW DELHI : Japan International Cooperation Agency (JICA), the country’s development aid agency, is working with India on a roadmap to reduce carbon emissions in the power sector, Saito Mitsunori, the chief representative of the agency’s India Office said. JICA is also in talks with the central and state governments to fund more projects to improve connectivity with Bangladesh, Nepal and Bhutan, Mitsunori said.
The Japanese agency, one of the largest bilateral funders for India, is financing large infrastructure and connectivity projects like the Mumbai-Ahmedabad Bullet Train project, Mumbai Trans Harbour Link Project, and road connectivity improvement projects in the North-east, apart from projects in water and sanitation, power, forestry, agriculture, health, education and sustainable development goals (SDGs). “A decarbonization road map (for the power sector) will be formulated by the government with JICA’s support in the coming years," Mitsunori said.
JICA is also working with the Central Electricity Authority to help it with planning policy formulation and terms of the power sector development, apart from funding renewable sector development in the country, he added. India has an ambitious goal of decarbonizing energy to 50% and achieving 500 GW of fossil fuel-free generating capacity by 2030.
This would require the country to meet 50% of its electricity requirements from renewable energy sources by 2030. Meanwhile, JICA is also financing large infrastructure connectivity projects in India and Bangladesh.
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