India and UAE close to deal on renewable electricity grid, Indian minister says |
ABU DHABI, 15 january (Reuters) – India and the United Arab Emirates (UAE) are close to a “major agreement” on renewable energy interoperability between the two countries, India’s Minister of Power and New and Renewable Energy said on Sunday.
to the Gulf Arab oil producer for the International Renewable Energy Agency (IRENA) assembly in Abu Dhabi, where India is currently president. trip Raj Kumar Singh told Reuters that the deal is awaiting final approvals. He did not elaborate on the time frame.
“There is a big deal for interconnection between the UAE electricity grid and the Indian grid,” Singh said, adding that it would be under the One Sun, One World, One Grid (OSOWOG) initiative by a group of countries. renewable energy networks.
“Both sides have agreed. “We believe that it will come.”
Prime Minister of India Narendra Modi for the first time offer Its OSOWOG initiative aims to transmit renewable energy through interconnecting grids.
The UAE has also expressed its desire to invest more in India’s renewable energy projects, including solar and wind, Singh said.
India and the UAE also signed a Memorandum of Understanding on January 13 for the development of green hydrogen produced using renewable energy, the Indian embassy in the UAE said on Twitter on Friday.
The UAE Ministry of Foreign Affairs and International Cooperation declined to comment immediately.
Last year, the Gulf state announced bilateral non-oil trade with India in the next five years 100 billion concluded a broad trade agreement aimed at delivering to the dollar.
Singh has lent his support to the UAE as the host of the COP28 climate conference this year, and is also backing Sultan Al Jabir, the head of state oil company ADNOC and the UAE’s climate envoy, as a COP28 presidential candidate.
Jaber’s appointment drew criticism from some activists worried about fossil fuel interests hijacking the global response to the environmental crisis.
“He (Jaber) is the main man for renewable energy sources, climate change,” said the Indian minister. “When you look at the energy transition, you look at the whole energy sector, the whole basket, and oil-gas He is also working on green initiatives in the sector.”
Jaber is also the Minister of Industry and Advanced Technology of the UAE and 20In 2006, he helped establish Abu Dhabi’s renewable energy firm Masdar.
The UAE and other Gulf energy producers have called for a real transition in which hydrocarbons maintain their role in energy security while making commitments to decarbonisation.
Reported by Rachna Uppal. Edited by Jane Merriman
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2023-01-16 05:25:11
Source – reuters
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