The European Bank for Reconstruction and Development (EBRD) and the International Solar Alliance (ISA) have agreed to strengthen cooperation in pursuit of their shared goal of mobilising green energy financing.
A joint declaration to promote solar energy in the countries where both organisations operate, was signed in New Delhi by Nandita Parshad, the EBRD's Managing Director for Energy and Natural Resources and His Excellency Upendra Tripathy, the ISA's interim Director General.
The ceremony was attended by EBRD President Sir Suma Chakrabarti and Indian Finance Minister Arun Jaitely.
During the signing, the EBRD President said: "This is a very important agreement for the EBRD, which has always been eager to share its expertise with new partners and also to learn from them. With the ISA we share the vision of sustainable development and of green energy, which ultimately benefits the global economy."
HE Upendra Tripathy, the ISA's interim Director General, commented: "It is a pleasure to sign a joint declaration that formalises and deepens our partnership with the EBRD. Promoting energy security and increasing the use of solar energy are the two most important objectives of the ISA."
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