Establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable energy issues.
The issues would be based on mutual benefit, equality, and reciprocity.
The MoU envisages establishing a Joint Working Committee to review, monitor, and discuss matters relation to areas of cooperation.
The MoU aims for exchange of expertise and networking of information.
Advantage of MoU
The Memorandum of Understanding will help in strengthening bilateral cooperation between the two countries.
Guyana
Guyana officially the Co-operative Republic of Guyana, is a sovereign state on the northern mainland of South America.
It is, often considered part of the Caribbean region because of its strong cultural, historical, and political ties with other Anglo Caribbean countries and the Caribbean Community (CARICOM) .
Guyana is bordered by the Atlantic Ocean to the north, Brazil to the south and southwest, Suriname to the east and Venezuela to the west.
With 215,000 square km (83,000 sq mi) , Guyana is the fourth-smallest country on mainland South America after Uruguay, Suriname, and French Guiana (an overseas region of France) .
Guyana is the only South American nation in which English is the official language.
The region known as “the Guianas” consists of the large shield landmass north of the Amazon River and east of the Orinoco River known as the “land of many waters” .