|FOR IMMEDIATE RELEASE
November 8, 2010
Tom Hardy | (703) 875-4357
USTDA EXPANDS COMMITMENT TO SUPPORT CLEAN ENERGY AND ENERGY EFFICIENCY DEVELOPMENT IN INDIA
Launches U.S.-India Energy Cooperation Program
ARLINGTON, VA – Today, USTDA and the U.S. Department of Commerce, together with India's Planning Commission launched the U.S.-India Energy Cooperation Program.
USTDA Director Leocadia I. Zak, Secretary of Commerce Gary Locke and Dr. Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, signed the memorandum of understanding establishing the U.S.-India Energy Cooperation Program (ECP).
The ECP builds on the principles outlined by President Obama during remarks with Prime Minister Singh where he stated, "I have come to India because I believe that the relationship between the United States and India is indispensible to addressing the challenges of our time – from creating economic opportunity for our people. . .to addressing climate change. None of this will be possible without strong cooperation between the United States and India."
The ECP aims to leverage private sector business resources in both the United States and India to promote commercially viable clean energy infrastructure and energy efficiency technologies. Already, 17 U.S. companies have committed to join the ECP as founding members, representing a broad cross-section of the U.S. energy industry.
"USTDA is pleased to have worked with U.S. energy companies, our partners in India, and the Department of Commerce to launch the U.S.-India Energy Cooperation Program", said Director Zak.
"The memorandum of understanding signed today represents a tangible commitment to participate in the development and promotion of clean energy programs to mitigate the effects of climate change, furthering the continued growth of green jobs."
Initially, USTDA will support an Efficiency and Clean Energy Exchange Program that consists of four reverse trade missions to the United States to introduce Indian officials and private sector project sponsors to U.S. clean energy and energy efficiency technologies. These visits will focus on the highest priority areas of clean energy and energy efficiency commercial opportunities. Each trade mission will consist of a 10-day visit that will include meetings with U.S. industry and U.S. government agencies responsible for the commercial, technological, and regulatory aspects of clean energy development.
For further information: U.S.-India Energy Cooperation Program Brief
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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
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