USTDA Supports Expansion of Energy Resources in India
May 3, 2013
(USTDA)
Two Grants Demonstrate Strategic Cooperation in
Clean Energy in India
MUMBAI, INDIA – Today, the U.S. Trade and
Development Agency (USTDA) concluded two grant
agreements in Mumbai to assist in improving
power sector efficiency and developing shale
gas and oil in India.
Ms. Jamie Merriman, Country Manager for South
Asia, on behalf of USTDA, and Mr.R. R. Mehta
Senior Executive Vice President, Reliance
Infrastructure Limited (Reliance
Infrastructure) concluded the first grant in
the amount of $662,155. U.S. Consul General
Peter Haas hosted and witnessed the signing at
the U.S. Consulate General in Mumbai. The grant
agreement supports funding for a feasibility
study and pilot project for the installation of
a demand side management (DSM) power system on
Reliance Infrastructure's Mumbai distribution
system.
Reliance Infrastructure has selected Innovari,
Inc. (Austin, Texas) as the contractor for the
project. Innovari will assist Reliance
Infrastructure in deploying and utilizing the
new smart grid DSM system to manage peak demand
and more efficiently utilize its electric power
infrastructure.
Ms. Merriman and Dr. Shailendra K Singh,
Vice-President & Head – Geotechnical
(Unconventional Blocks) of Essar Oil Limited
(EOL) concluded the second grant in the amount
of $609,693. The grant agreement supports
funding for a feasibility study that will
assist EOL in identifying areas to explore for
shale gas and oil in the company's existing
coal bed methane concession areas. If
successful, development will provide new
domestic resources of cleaner energy for the
Indian economy, which currently depends on coal
and oil for more than 80 percent of its energy
needs, much of which is imported.
EOL has selected Invenire, Inc. (Houston, TX)
as the contractor for the project. As EOL
continues its exploratory drilling under
concession agreements with the Government of
India, Invenire will provide technical
expertise to identify the best prospective
areas to drill.
"Together, we are building relationships and
sharing the knowledge necessary to accomplish
India's power infrastructure and clean domestic
energy development goals," said USTDA Regional
Director Henry Steingass.
"We are jointly investing in efficient energy
infrastructure and the expansion of India's
domestic resources to minimize environmental
impacts while simultaneously fueling India's
expanding economy," stated CG Haas at the grant
signing event.
Both projects support priority goals of the
U.S.-India Strategic Dialogue, scheduled to
take place in late June in New Delhi, and the
U.S. –India Energy Cooperation Program (ECP)
launched by USTDA, the Indian government and
the U.S. private sector in 2011.
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