Indian Treaty Series
MEMORANDUM OF UNDERSTANDING ON COOPERATION IN THE FIELD OF POWER
(Conventional and Non-Conventional Sources)
|The Government of the
Islamic Republic of Iran and the Government of the Republic of India,
hereinafter referred to
as “the Parties”:
Desiring to enhance traditional ties of friendship between the two countries through development of economic cooperation;
Recognising the advantages to be derived by their respective peoples from the promotion of cooperation in the field of power;
Have decided as follows:
The parties shall enhance their cooperation in the field of power including investments for mutual benefit. In furtherance thereof, the Parties shall encourage and facilitate joint cooperation in the following areas:
(a) Cooperation in power generation,
transmission and distribution and taking measures facilitating the same;
The Parties shall cooperate in power generation, transmission and distribution and in technology development in these areas, including manufacture/repair of power transformers and boilers.
The Parties shall encourage and facilitate investments, in their respective countries or in third countries in the fields of power generation, transmission and distribution, including investments by joint venture companies of the two countries in these fields.
The Parties agree to cooperate to provide training, to exchange experts and hold conferences/seminars to enhance the development of human resources and productivity in the field of power. The Parties shall also collaborate in the area of rural electrification, extension of consultancy services and in testing of electrical equipment.
The Parties shall set up a Joint Working Group to promote cooperation in the fields of conventional and non-conventional sources of electrical power and to follow up and facilitate the implementation of the decisions taken pursuant to this Memorandum of Understanding.
This Memorandum of Understanding shall not in any way affect the obligations of the Parties under existing bilateral agreements between the two countries.
This Memorandum of Understanding shall enter into force upon signature and shall remain in force for a period of five years, and shall be automatically renewed thereafter on a yearly basis unless either Party gives the other Party a written notice of its intention to terminate this Memorandum three months before its expiry.
Amendments to this Memorandum may be made at any time by mutual consent between the Parties.
Notwithstanding the termination of this Memorandum the activities already undertaken shall not be affected and continue until completed.
In witness whereof, the undersigned, being duly authorised thereto by their respective Governments, have signed this Memorandum.
Done at Tehran on 10 April 2001 in two originals each in Hindi, Farsi and English languages, all texts being equally authentic. In case of doubt, the English text shall prevail.
On behalf of the
Government of the Islamic Republic of Iran
Ministry Of External Affairs, India