The Energy and Resources Institute (TERI) and the Power System Operation Corporation (POSOCO) Limited today signed a Memorandum of Understanding (MoU) at the TERI office in New Delhi.
With this MoU, the two organisations have agreed to work together to strengthen research-industry interaction for knowledge sharing and capacity building through collaboration, and to encourage research on issues related to the Indian power sector.
Joint endeavours under the MoU pertain to further developing power system simulation models; integrated resource planning, including demand and supply, on a short-term, medium-term and long-term perspective; preparation of joint reports and capacity building of state utilities.
On the occasion, Shri K V S Baba, Chairman and Managing Director, POSOCO Ltd, reiterated existing collaborations with TERI in leading India’s energy transitions. “With its rich experience in the power sector, TERI, together with POSOCO, can produce extensive research reports backed with evidence to gain confidence in robust power systems operation.”
Dr Ajay Mathur, Director General, TERI, added, “An increasing amount of renewable energy penetration is causing system instability and we need to look at interventions with the dynamic nature of load. TERI, together with POSOCO, will further enhance the modelling capability backed with rich data-sets which can address the challenges of Indian power sector.”