India Current Affairs - 2019

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India, Argentina Sign MoU for Co-Operation in Nuclear Energy

During the visit of Argentine President Mauricio Macri, Argentina has signed a Memorandum of Understanding (MoU) to boost cooperation in the sector of nuclear energy. The MoU signed was signed between the Department of Atomic Energy, India and National Atomic Energy Commission, Argentina.

Features of the MoU

  • Argentina has expertise in building small-capacity reactors and it is looking to work with India in some third country in tripartite projects.
  • The MoU for cooperation within the framework of Global Center for Nuclear Energy Partnership would bolster institutional linkages in civil nuclear research, development and capacity building.
  • The MoU will aid in enhancing and exploring cooperative ventures in the area of nuclear power and its societal uses in health, agriculture, industrial application, training and capacity building.

Nuclear Ties between India and Argentina

In the year 2010 India and Argentina had signed an agreement for cooperation in the peaceful uses of nuclear energy.

INVAP which is an Argentinean Company is working on the Fission Molly Project to build a molybdenum plant in Mumbai. The plant would primarily focus on creating isotopes. Argentina is also an exporter of some nuclear components used in Indian power reactors.

Argentina sign the Framework Agreement of the International Solar Alliance

During the visit of Argentine President Mauricio Macri, Argentina has signed an agreement the Framework Agreement of the International Solar Alliance. The agreement was signed by Argentina’s Foreign Minister Jorge Faurie in the presence of ISA’s Director-General Upendra Tripathy.

The agreement of the International Solar Alliance was open opened for signature during the COP22 at Marrakech on November 15, 2016. The signatories of the agreement include India, France, Australia, UAE, UK, Japan amongst others. Argentina is the 72nd country to sign the Framework Agreement of the International Solar Alliance.

International Solar Alliance

International Solar Alliance aims to provide a common platform to address the specific solar technology deployment needs of the solar resource-rich countries located between the Tropic of Cancer and the Tropic of Capricorn.

Availability of abundance of solar energy in these countries can be utilised to generate cost-effective solar power to address the challenges of the absence of universal energy access, energy equity and affordability.

International Solar Alliance will not duplicate the efforts that other bodies like International Renewable Energy Agency (IRENA), Renewable Energy and Energy Efficiency Partnership (REEEP), International Energy Agency (IEA), Renewable Energy Policy Network for the 21st Century (REN21), United Nations bodies, bilateral organizations which are currently engaged in. Rather it will establish networks and develop synergies with them and supplement their efforts in a sustainable and focused manner.

International Solar Alliance is the first body that will have a secretariat in India. India plays a significant role in the alliance in terms of being a host as well as a major contributor in achieving the target of 1 TW of solar energy by 2030.  With a target to produce 100 GW of solar energy by 2022, India would account for a tenth of ISA’s goal.