Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz and Raj Kumar Singh, India’s minister of electricity, new and renewable energy, signed an MoU between the two parties in the areas of electrical interconnection, green clean hydrogen, and supply chains.
The MoU was inked on the sidelines of the Middle East and North Africa Climate Week organized by the Kingdom in the city of Riyadh in cooperation with the United Nations Framework Convention on Climate Change.
It aims to establish a general framework for collaboration between the two parties in the areas of electrical interconnection, exchange of currents during peak times and emergencies, development, and joint production of clean hydrogen and renewable energy projects in both countries.
The MoU included collaboration in conducting the necessary studies and coordinating with relevant authorities and companies.
Moreover, the agreement seeks to establish safe, reliable, and flexible supply chains for materials used in green hydrogen and the renewable energy sector in accordance with the two countries’ capabilities and the regulations and laws enforced in India and the Kingdom.
