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Montevideo, November 13th 2018 - 23:24 UTC

Uruguay and India explore wind energy cooperation

Thursday, February 24th 2011 - 07:49 UTC
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Vice-president Danilo Astori also announced the signing of a double taxation treaty Vice-president Danilo Astori also announced the signing of a double taxation treaty

A high level delegation from Uruguay is exploring the possibility of forging cooperation with India in the wind power sector. Led by Uruguayan Vice President Danilo Astori, the delegation visited Wednesday the plant of RRB Energy Ltd (RRBEL) in Chennai (formally Madras).

'We are witnessing an increased demand for wind power in our country. However, it cannot be met without the help and co-operation of a sound technical partner. There is vast scope for co-operation between Uruguay and India in the field of renewable energy' Uruguay's Minister for Industry, Energy and Mines Roberto Kriemerman told reporters.

'This is further aided by the agreement on trade preferences between Mercosur countries and India,' he added. The Uruguay delegation was in Chennai as part of its seven-day visit to India.

In Delhi Thursday, Astori will hold formal discussions with Indian Vice President Mohammad Hamid Ansari, and also meet Lok Sabha Speaker Meira Kumar, followed by an important business seminar Friday.

Astori also advanced that Uruguay and India would be signing a double-taxation treaty with India very soon. “The double-taxation treaty would be signed very soon with India. All the formalities have been made...”.

The double taxation treaty is intended to “protect” and “promote” investments made in the respective countries.

“We want to sign it soon. It will mainly help in protecting and promoting investments” Astori said on the sidelines of a seminar.

However, he pointed out that the trade balance with India recorded deficits for Uruguay in recent years. The deficit increased by 49% in 2010. The two countries need to work on it. “We need to improve our trade relations taking advantage of the preferences between India and Mercosur” he said.

Exports to India in 2010 fetched 14 million US dollars, an increase of over 40% over the previous year. On the other hand, imports rose by 44% to $ 59 million USD.
Uruguay's main exports to India are in the textile and leather sectors. From India, Uruguay imports automobiles and chemicals.

 

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  • rylang23

    This is a very good thing for Uruguay. Hopefully, the wind energy faction of the Ministry of Industry, Energy and Mines will see that investments in wind and other renewable resources will be far superior to investments in a nuclear power plant. The resulting toxic waste from a nuclear facility that is dangerous to the public and poisonous for millennia is not something the Uruguayan people should have to deal with. Uruguay must maintain its standing in the world as a (relatively) clean country. It will benefit far more from that reputation.

    Feb 24th, 2011 - 04:51 pm 0
  • Britishbulldog

    rylang23 .

    Don't get sucked into the wind turbine strategy, we have them in the UK and they do not work, all we see is our electricity prices going up every month because of this false thinking that it will reduce our carbon footprint. Once the wind reaches 35 mph they shut down and revert to fossil or nuclear fuel. Most In Britain are not working because the wind inevitably goes over 35mph, into days world nuclear is far cleaner and safer than it was a few years ago.

    However it has to be regulated to that safe standard.

    Feb 24th, 2011 - 08:50 pm 0
  • briton

    you are right of course 2 Britishbulldog (#
    but as we don’t have a choice really, and have to pay their extort net prices what can we do, every year our gas bill goes up, then the electric, perhaps the government was wrong to sell them of, right or wrong mate,
    if we don’t find cheaper fuel or a way to stop ripping people of and lower prices, more pensioners will die, perhaps im wrong, but it seems the rich get richer, and we all get ripped of, a cheaper alternative fuel perhaps,
    but [what] ive no idea . But not wind turbines ,

    Feb 24th, 2011 - 09:42 pm 0
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