India, Saudi Arabia sign initial pact for electrical interconnections, green hydrogen

India and Saudi Arabia on Sunday inked an preliminary pact to collaborate within the discipline {of electrical} interconnections, inexperienced and clear hydrogen and provide chains. The official launch acknowledged that the Memorandum of Understanding (MoU) signed between the 2 international locations goals to ascertain a normal framework for cooperation between the 2 international locations within the discipline {of electrical} interconnection and alternate of electrical energy throughout peak instances and emergencies. The MoU was signed between the Union Minister for Energy and New & Renewable Vitality R Ok Singh and Minister of Vitality, Authorities of Saudi Arabia, Abdulaziz bin Salman Al-Saud on the sidelines of the MENA Local weather Week in Riyadh, the discharge acknowledged.

Moreover, each the international locations goal for co-development of tasks, co-production of inexperienced/clear hydrogen and renewable power, and in addition establishing safe, dependable and resilient provide chains of supplies utilized in inexperienced/clear hydrogen and the renewable power sector.

India and Saudi Arabia signal MoU in Electrical Interconnections, Inexperienced / Clear Hydrogen and Provide Chains

Common B2B conferences to be held to arrange the whole provide worth chain within the areas of cooperation@IndianEmbRiyadh @mnreindia @RajKSinghIndia pic.twitter.com/xeMCzpwn3W

— PIB India (@PIB_India) October 8, 2023

The 2 power ministers additionally determined that B2B Enterprise Summits and common B2B interactions between the India and Saudi Arabia will probably be carried out to ascertain full provide and worth chains within the above-mentioned areas of power sector cooperation.

Earlier, an Indian delegation led by Singh participated within the high-level phase of the Center East and North Africa (MENA) Local weather Week 2023, which is being held in Riyadh, Saudi Arabia throughout October 8 – 12, 2023.

The MENA Local weather Week 2023, will talk about local weather options forward of COP28 and is being hosted by the federal government of the Kingdom of Saudi Arabia.

Addressing a session, Singh mentioned that MENA Local weather Week is extraordinarily necessary in exploring and sharing alternatives to form the way forward for power manufacturing, consumption and sustainability on a world scale.

He mentioned that the gathering at MENA CW holds nice significance for the MENA area and collectively possesses immense potential in influencing the present and future narrative of power transition.

Singh mentioned inexperienced hydrogen is a promising different for accelerating India’s power transition. “… The federal government of India has launched the Nationwide Inexperienced Hydrogen Mission for harnessing hydrogen power and has permitted an preliminary outlay of USD 2.3 billion for this Mission.” 

#MENAClimateWeek has immense potential in influencing present and future narrative of power transition

It’s considerably necessary in exploring and sharing alternatives to form the way forward for power manufacturing, consumption and sustainability on a world scale

– Union Energy… pic.twitter.com/ZreDGVWhkN

— PIB India (@PIB_India) October 8, 2023

The Minister known as upon MENA international locations to hitch the World Biofuel Alliance, to be able to advance worldwide cooperation in sustainable biofuels to understand the complete potential of the Alliance.

He mentioned that the Alliance goals to facilitate cooperation in intensifying the event and deployment of sustainable biofuels, to facilitate commerce in biofuels and rather more, in collaboration with worldwide biofuels organizations.

The Minister underlined that India firmly believes that each one nations should acknowledge that the power transition can have totally different challenges and alternatives for growing international locations and the worldwide south particularly.

Singh asserted on the MENA Local weather Week that particular person actions and sustainable behavioural decisions are essential to realize the power transition in a sustainable method.

“On this regard, I name upon the MENA area to hitch India’s initiative on Life-style for Atmosphere (LiFE),” mentioned the Minister.

The high-level GST (World Stocktake of the Paris Settlement) regional dialogue on the Center-East and North Africa (MENA) Local weather Week will additional function a platform to debate the challenges, boundaries, options and alternatives for enhancing local weather motion and assist throughout the context of MENA and for enhancing worldwide cooperation.

The GST permits international locations to periodically take inventory of the implementation of the Paris Settlement to evaluate the collective progress in the direction of reaching the aim of the Settlement and its long-term targets.

Union Minister for Energy and New & Renewable Vitality, @RajKSinghIndia is main an Indian delegation to the Excessive Stage Section of the Center East and North Africa (MENA) Local weather Week 2023, being held in Riyadh, Saudi Arabia throughout October 8 – 12, 2023#MENAClimate Week 2023 will… pic.twitter.com/5YP6E4WtN3

— PIB India (@PIB_India) October 8, 2023

The primary GST began in Glasgow in 2021 and can conclude on the local weather change convention in Dubai, UAE (at COP 28).

(With Company Inputs)