India and the United Arab Emirates (UAE) are close to a 'major agreement' on a renewable energy interconnection between the two countries, India's Minister of Power and New and Renewable Energy said on Sunday.
Indian Minister of Power and New and Renewable Energy Raj Kumar Singh attends the G20 Energy Transitions Ministerial Meeting in Nusa Dua, Bali, Indonesia, September 2 2022. Made Nagi/Pool via REUTERS
"There is a major agreement for an interconnection between the UAE electricity grid, and the Indian grid," Singh said, adding that this would be under the One Sun, One World, One Grid initiative by a group of countries to create renewable energy networks.The OSOWOG initiative, first proposed by Indian Prime Minister Narendra Modi, aims to transfer renewable energy power through connecting grids.
The UAE's Ministry of Foreign Affairs and International Cooperation declined to provide an immediate comment.with India that aims to increase bilateral non-oil trade to $100 billion in the next five years.
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