Japan and India this week agreed to co-operate on a number of energy-related initiatives in the latter country.
In a statement released on Tuesday during the two nations’ eighth Strategic Energy Dialogue in Tokyo, Indian power minister Piyush Goyal and Japanese economy minister Motoo Hayashi said Japan will support India’s efforts to introduce high-efficiency coal-fired power generation technologies.
Along with this initiative, the two countries will undertake a study on reducing emissions from coal-fired power plants.
The nations will also co-operate on a study designed to determine the optimal energy mix for India, and will investigate the possibility of joint procurement of natural gas.
Sumant Sinha, co-chairman of India’s CII National Committee on Renewable Energy, led the delegation to Japan this year and was quoted as saying that Japanese support could include “debt financing from various Japanese companies and… equity financing from various Japanese corporates. We could also be looking at technology transfer” in relation to, among others, clean coal and energy storage technologies.
Japan is the world’s largest public financier of overseas coal-fired power projects and aims to export its clean coal technology on the theory that, if developed nations provide financial support for new coal plants, developing countries won’t build cheaper, less efficient and more polluting plants.