|FOR IMMEDIATE RELEASE
June 13, 2012
Steve Lewis | (703) 875-4357
USTDA DIRECTOR PARTICIPATES IN U.S.-INDIA STRATEGIC DIALOGUE
Announces two grants to support clean energy development in India
WASHINGTON, D.C. – The third U.S.-India Strategic Dialogue, held in Washington, D.C. today provided the framework for a series of high-level meetings with key Indian and U.S. public and private sector officials to discuss bilateral cooperation, economic development and enhanced trade.
U.S. Trade and Development Agency Director Leocadia I. Zak participated in the Dialogue, which was led by Secretary of State Hillary Clinton and India External Affairs Minister S.M. Krishna.
"USTDA is committed to supporting India's infrastructure development priorities through partnering with the private sector to provide innovative and sustainable solutions that benefit both our countries," stated Director Zak. "We have a robust portfolio in India and have supported U.S. private sector involvement in India's aviation, energy, and information and communications technology sectors, among others."
On the occasion of the Strategic Dialogue, USTDA announced two grant agreements with the Power Grid Corporation of India Limited to support the implementation of energy-related projects in the country. The first agreement, in an amount of $585,375, will assist Power Grid in assessing the implementation of high temperature superconductor cable systems within India's power transmission grid. American Superconductor (Devens, MA) will serve as the contractor for the feasibility study.
The second grant, for $450,000, will be a smart grid project designed to help Power Grid control electric power on the grid in real time, to reduce transmission losses and accommodate renewable energy generation. The technical assistance will be carried out by Quanta Technology, LLC (Releigh, NC) and Space-Time Insight (Fremont, CA).
In addition to the grants being announced today, USTDA has developed two public-private partnerships focused on leveraging private sector business resources in both countries to promote commercial project development. The U.S.-India Energy Cooperation Program (ECP), which supports clean energy and energy efficiency projects, and the U.S.-India Aviation Cooperation Program (ACP), which supports aviation infrastructure modernization, bring together leaders from both countries to share expertise and to mobilize cooperation projects that accelerate deployment of US energy and aviation solutions in the Indian market.
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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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