India and Saudi Arabia Collaborate on Green Hydrogen and Energy Interconnection at MENA Climate Week 2023
India and Saudi Arabia, in a groundbreaking move, have forged a path to energy innovation and sustainability and signed a significant memorandum of understanding (MoU), on the sidelines of MENA Climate Week 2023 in Riyadh.
October 10, 2023. By News Bureau
The MoU, inked by India's Minister for Power and New & Renewable Energy, R K Singh, and Saudi Arabia's Minister of Energy, Abdulaziz bin Salman Al-Saud, outlines a comprehensive framework for cooperation in multiple vital areas.
This historic pact seeks to strengthen ties in electrical interconnections, facilitate electricity exchange during peak periods and emergencies, co-develop green/clean hydrogen and renewable energy projects, and establish robust, secure supply chains for materials integral to green hydrogen and renewable energy production. The aim is to foster resilient energy supply and value chains.
At MENA Climate Week, R K Singh highlighted India's growing prominence in the global energy landscape, emphasizing the nation's commitment to reducing emissions and achieving Net Zero by 2070.
He revealed the launch of India's National Green Hydrogen Mission with a USD 2.3 billion initial outlay and extended an invitation for MENA countries to join the Global Biofuel Alliance. Singh's vision promotes international collaboration and support for sustainable energy transitions, recognising the unique challenges faced by developing nations.
The MENA Climate Week's high-level GST regional dialogue offers a platform to discuss climate action challenges, solutions, and international cooperation opportunities, taking the energy transition to new heights.
This partnership between India and Saudi Arabia is poised to shape the future of sustainable energy production and distribution, contributing to a greener and more resilient world.
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