22 C
Dubai
Sunday, December 22, 2024
spot_img

U.S. Department of Energy and Colombian Ministry of Mines and Energy Sign 5-Year Memorandum of Understanding

[ad_1]

The Abu Dhabi Department of Energy (DoE) signed a five-year Memorandum of Understanding (MoU) with the Colombian Ministry of Mines and Energy at an event at the headquarters of the Ministry of Energy in the UAE capital.

The agreement aims to explore opportunities for cooperation in capacity development and knowledge and information sharing, support joint projects and initiatives, and promote the development of bilateral scientific, technological, technical, administrative and commercial cooperation in the energy sector.

This is in line with the commitment of both entities to cooperate in various areas of interest to achieve their common goals, diversify energy sources, improve energy efficiency, and ensure access to reliable, sustainable and affordable energy.

The MoU was signed in the presence of Deputy Energy Minister Eng Ahmed Mohammed Al Rumaithi and Colombian Ambassador Extraordinary and Plenipotentiary to the UAE Jaime Amin Hernández, signed on behalf of Colombian Minister of Energy and Mines Diego Mesa and officials from both entities.

Strengthen cooperation

“The DoE is committed to strengthening cooperation and building partnerships with relevant authorities around the world,” Al Rumaithi said. “We believe that partnerships are a powerful way to achieve our goals, develop the energy sector, improve energy efficiency and meet the current and future needs and demands of local markets for reliable and sustainable energy and water supplies. This in turn supports Abu Zabi’s sustainable economic development plan.”

“We are delighted to start a new chapter in our cooperation with the Colombian Ministry of Mines and Energy,” added. “The energy sector continues to need more expertise to adopt advanced energy technologies, upgrade the sector’s infrastructure, and provide it with trained professionals to achieve all of our strategic goals. We look forward to working with the Department of Energy , to seek benefits for both parties, and to build a model of cooperation in the energy field based on the experience of both parties.”

energy transition

Mesa said: “Colombia currently sees the energy transition as a means of achieving and guaranteeing a reliable, self-sufficient and resilient energy matrix. We recognize this is a shared goal with the United Arab Emirates and have therefore decided to establish a partnership between the Ministry of Energy and the Ministry of Energy. A strategic alliance between the two countries will allow us to complement and facilitate the rapid deployment of unconventional renewable energy, the development of low-carbon technologies, and the response and reversal of the impacts of climate change.”

Under the terms of the five-year agreement, the two entities commit to exchange research, knowledge and expertise, in addition to exploring opportunities to finance projects in the energy sector, including hydrogen production, use and storage; large-scale unconventional renewable energy; hydrogen , project development in geothermal, onshore and offshore wind, solar, biomass and other clean energy technologies.

sustainable transport

Also on the list are the promotion of sustainable transport of clean energy; technological development related to advanced energy measurement and monitoring systems; access to energy services, including renewable energy solutions; promotion of foreign investment in the energy sector; energy efficiency and demand response; and The development of technologies related to carbon capture and storage, and finally the promotion of energy storage technologies.

In addition, the two sides agreed to facilitate mutual visits of experts from both sides to follow up on joint activities. They will also explore opportunities for joint projects and research missions to facilitate their design, financing and execution, and to engage the private sector in both countries in energy infrastructure projects for clean energy, as well as energy infrastructure projects with hydrogen, geothermal, onshore and offshore wind, solar, solar, Biomass and other clean energy. — arab trade news agency

[ad_2]

Source link

Related Articles

Bitcoin Mystery Unveiled: Craig Wright’s Conviction Highlights Integrity in Crypto World

Bitcoin Mystery Unveiled: Craig Wright's Legal Setback Marks a Victory for Truth and Accountability Craig Wright, a computer scientist who has long claimed to be...

U.S. CEOs Forge Strategic Ties with President-Elect Trump to Drive Business Growth and Policy Collaboration.

U.S. presidential election, a wave of interest has surged among top executives from the country’s largest corporations. As the nation prepares for a transition in...

Empowering Lives Through Language The Inspirational Journey of Rakhi Kumaran and Book It! English Speaking Classes

In a world where effective communication is key to success, Rakhi Kumaran is making a remarkable difference. As the founder of Book It! English...

Nissan and Honda Unite: Forging a $52 Billion Automotive Powerhouse for a Bold Future

Nissan and Honda have announced a strategic alliance, combining their strengths to form a $52 billion automotive powerhouse. The move marks a significant step toward...

Dubai Stocks Soar to Decade-High: Real Estate and Finance Drive Record Gains

Dubai's stock market has achieved remarkable growth, soaring to its highest levels in over a decade, thanks to strong performances from key sectors such...

Latest Articles