Kongsberg Group enters into MoU with India’s PTC
New Delhi: A part of the 200 year-old Kongsberg Group, Kongsberg Digital AS of Norway has entered into a Memorandum of Understanding (MoU) with India’s largest power trading organisation, the Power Trading Corporation of India (PTC) recently.
As quoted by Norwegian Embassy in New Delhi portal, the contract signing was held at the Royal Norwegian Embassy in New Delhi.
The MoU paves the way for the Kongsberg’s entry into the Indian renewable sector, with a focus on the wind sector and digitalisation opportunities in renewable energy.
Under this MoU, the PTC will endeavour to market a software called ‘Empower’, which has been developed by the Kongsberg Digital as a wind forecasting, condition monitoring and performance monitoring software.
The PTC will combine the software with their other products, promoting it as a utility tool for wind-based independent power players.
After the Signing of the MoUs, all parties agreed on collaborating more on avenues in renewable energy such as training and development and capacity building.
There may also be Joint Working Groups established on different aspects of renewable energy such as solar, wind, hydro and smart grids.