President to host welcome ceremony for International Solar Alliance

President to host welcome ceremony for International Solar Alliance

President Sirisena will attend a business meeting organized by the Japan External Trade Organization, which will be co-hosted by the Japan Chamber of Commerce and Industry, and the Tokyo Chamber of Commerce and Industry.

The stage is set for the first mega global solar summit scheduled on Sunday, which will be attended by foreign dignitaries, including several state heads and business leaders. Tomorrow, the holding of Founding Conference of the International Solar Alliance is a vivid example of our active awareness of shared responsibilities. "Increasingly, the International Solar Alliance is appealing to these development banks if they could set aside a particular percentage of their loan portfolio to fund renewable energy projects worldwide".

"Besides 23 heads of states senior country representatives including deputy prime ministers and energy ministries have confirmed their participation so far in the day lone Ist ISA Summit on March 11, 2018", an official said.

In 2015, Prime Minister Narendra Modi in a speech at London's Wembley Stadium proposed the idea of an inter-governmental organisation comprising of 121 countries, which lie either completely or partly between the two Tropics, with an aim to promote solar energy.

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The ISA, the brainchild of Prime Minister Narendra Modi, is a treaty-based worldwide body for promotion of solar energy in alliance with 121 countries, which are fully or partially between the Tropics of Cancer and Capricorn.

Other than France, countries like Australia, UAE, Niger, Gabon, Seychelles, Ghana, Rwanda, Fiji, Bangladesh and Sri Lanka will be a part of the summit, as well. Among the countries that have requested India for projects are Tanzania, Togo, Benin, Congo, Chad and Seychelles. Heads of World Bank, Asian Development Bank, New Development Bank and European Investment Bank are also expected to participate in the conference At the conference, member-countries will share progress in solar power generation and deployment in their respective countries and present their future plans on the same.

After holding bilateral talks with President Macron, PM Modi on Saturday said, "When the International Solar Alliance was launched in 2015, it happened in Paris with the then French President".

The primary objective of the alliance is to work for efficient exploitation of solar energy to reduce dependence on fossil fuels.