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Union Minister for Electricity and New Renewable Energy RK Singh said on Sunday that the country is close to “Major deal” Collaboration with the United Arab Emirates (UAE) on renewable energy. Raj Kumar Singh, who is in Abu Dhabi to attend the International Renewable Energy Agency (IRENA) general meeting of the Gulf Arab oil producer and India’s current president, told Reuters the deal was awaiting final approval. He did not elaborate on a time frame.
Singh, who is in Abu Dhabi for the International Renewable Energy Agency (IRENA) conference, did not elaborate on a timetable, but confirmed that the deal was in the final stages of approval.
“A major interconnection agreement between the UAE grid and the Indian grid,” Singh said.
The minister added that the agreement will be under the One Sun, One World, One Grid (OSOWOG) initiative of a group of countries to create renewable energy networks.
Originally proposed by PM Modi, OSOWOG aims to transmit renewable energy through grid connection. India and the UAE also signed a memorandum of understanding on January 13 on the development of green hydrogen production using renewable energy, the Indian embassy in the UAE tweeted on Friday. The UAE Ministry of Foreign Affairs and International Cooperation declined immediate comment.
The two countries signed a Memorandum of Understanding (MoU) on the development of green hydrogen production from renewable energy. The minister confirmed the UAE’s interest in investing in renewable energy projects in India, including solar and wind.
The minister also backed the Gulf countries as hosts of the COP 28 climate conference and their climate envoy, Sultan Al Jaber, as the COP 28 president-designate. Some climate activists have disputed Jaber’s nomination, claiming that fossil fuel-rich nations could hijack the global response to the environmental crisis.
“He (Jabir) is a key figure in renewable energy and climate change. When you look at the energy transition, you look at the whole energy sector, the whole basket, and the oil and gas sector, and he’s been working on green initiatives,”
Fossil fuel-rich countries like the UAE are opting for a hydrocarbon-based transition, which will keep energy security aspects in mind while working towards decarbonisation.
Last year, the Gulf state struck a broad trade deal with India aimed at boosting bilateral non-oil trade to $100 billion over the next five years.
Singh backed the UAE as host of this year’s COP28 climate conference, and Sultan Al Jaber, head of state oil company ADNOC and UAE climate envoy, as COP28 chair-designate.
The minister also backed the Gulf countries as hosts of the COP 28 climate conference and their climate envoy, Sultan Al Jaber, as the COP 28 president-designate. Some climate activists have disputed Jaber’s nomination, claiming that fossil fuel-rich nations could hijack the global response to the environmental crisis.
Jaber’s appointment has drawn criticism from some activists who fear fossil fuel interests will hijack the global response to the environmental crisis.
Jaber is also the UAE’s Minister of Industry and Advanced Technology, and in 2006 helped found Abu Dhabi-based renewable energy company Masdar. The UAE and other Gulf energy producers have called for a realistic transition in which hydrocarbons play a role in energy security while committing to decarbonisation.
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