Brief by Shorts91 Newsdesk / 12:56pm on 13 Dec 2023,Wednesday India Global
India's Ministry of New and Renewable Energy is discussing expanded cooperation with France's AFD development agency on small hydropower projects, which have less environmental impact than large dams. AFD India Director Lise Breuil said France has extensive small hydro experience that could aid India's promotion efforts in the 25MW-and-under category. Past AFD hydro collaborations include 80 million euros for Himachal Pradesh projects. Apart from clean energy financing, AFD also runs the Green Indian Financial System platform supporting India's green finance ecosystem. Solar remains another AFD priority via partnerships with SECI. Despite India's significant 145GW hydro potential, only 29% has been tapped so far, trailing utilization rates abroad.
