ISA and India sign the Host Country Agreement

The Agreement will give ISA a juridical personality and gives it power to contract, to acquire and dispose off movable and immovable properties, to institute and defend legal proceedings.

The International Solar Alliance (ISA) and the Ministry of External Affairs (MEA), signed the Host Country Agreement recently. The Agreement will give ISA a juridical personality and gives it power to contract, to acquire and dispose off movable and immovable properties, to institute and defend legal proceedings. Under this agreement, ISA shall enjoy such privileges, applicable tax concessions and immunities as are necessary for ISA’s Headquarter to independently discharge its function and programmes. ISA shall be deriving its status, privileges and immunities as per Article 10 of Framework Agreement.

The agreement was signed by General (Dr.) V.K. Singh, Minister of State, Ministry of External Affairs and Upendra Tripathy, Interim Director General, ISA in the gracious presence of  R K Singh, Union Minister of State (IC) Power and New & Renewable Energy.
R. K. Singh said that ISA has potential to change developmental paradigm in the world. He said that energy will now be available to less developed tropical countries at affordable rates and in an easily deployable manner. The Minister also mentioned that many countries have shown interest to learn from India’s experience in renewable energy.

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