India and UAE close to deal on renewable electricity Indian minister says

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India
 

India’s Union Minister for Power and New Renewable Energy RK Singh  informed that the country is close to a “major agreement” on renewable energy with the United Arab Emirates (UAE)

Singh, who is in Abu Dhabi for the International Renewable Energy Agency’s (IRENA) assembly did not elaborate on a time frame but confirmed that the deal is at the stage of final approvals.

“There is a major agreement for an interconnection between the UAE electricity grid, and the Indian grid,” Singh said.

The minister added that the agreement would be under the One Sun, One World, One Grid (OSOWOG) initiative by a group of countries to create renewable energy networks.

OSOWOG, first proposed by PM Modi works with the objective to transfer renewable energy through connecting grids. India and the UAE also signed a Memorandum of Understanding on Jan. 13 on green hydrogen development, produced using renewable energy, India’s embassy in the UAE said on Twitter on Friday. The UAE’s Ministry of Foreign Affairs and International Cooperation declined to provide an immediate comment.

The two countries signed a Memorandum of Understanding (MoU) on green hydrogen development produced using renewable energy. The minister affirmed that UAE is interested in investing in India’s renewable energy projects including solar and wind energy.



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