![]() In light of the global energy market instability caused by Russia's incursion into Ukraine, India has been actively seeking ways to diversify its energy resources. ![]() It is worth noting that Saudi Arabia has traditionally been a major supplier of oil to India. The agreement also aims to encourage bilateral investment in renewable energy, electricity, hydrogen, and storage, as well as investments in conventional fuels like oil and gas. In addition to grid interconnectivity, India and Saudi Arabia have signed an agreement to collaborate in various areas such as renewable energy, energy efficiency, hydrogen, electricity, petroleum, natural gas, strategic petroleum reserves, and energy security. This initiative seeks to foster cooperation among countries and promote the sustainable utilisation of renewable energy. This interconnectivity would allow countries to share power resources, reducing the need for expensive renewable energy storage solutions and improving the reliability of their power grids.įor India, this pursuit is crucial to achieving its long-term economic and energy security goals, as it aligns with the One Sun One World One Grid (OSOWOG) plan, which aims to connect countries through a global power grid, as per Mint report.Ī task force established by the power ministry has thoroughly examined the feasibility of interconnecting the regional grids of Southeast Asia, South Asia, the Middle East, Africa, and Europe for the purpose of sharing renewable energy resources. India is actively exploring the possibility of connecting its power grid with Saudi Arabia and the UAE through subsea cables on the west coast, as well as with Singapore on the east coast. This project, if successful, will further enhance the energy partnership between India and Saudi Arabia. It was previously reported that India intends to connect the national power grids of the two countries using a subsea cable. This signifies the commitment of both countries to strengthen their energy cooperation. The agreement to link the power grids was signed by RK Singh, the Union minister for new and renewable energy in India, and Abdulaziz bin Salman bin Abdulaziz Al Saud, the minister of energy for Saudi Arabia. This collaboration is part of a growing energy alliance between the two nations. The European Union has recognized the cable as a 'Project of Common Interest', categorizing it as a project it is willing to partly finance.India and Saudi Arabia have agreed to connect their power grids, which will enhance the reliability of power supply and support economic development in both countries. ![]() The Greek operator and Eurasia have been working closely to make sure the two cables link to each other efficiently, an IPTO official said. Greek power grid operator IPTO has started construction of the Crete-mainland part, seen concluding by 2023. It will cover three sections of the Mediterranean: some 310 kilometers between Israel and Cyprus, about 900 kilometers between Cyprus and Crete, and about 310 additional kilometers between Crete and mainland Greece. Calling the project a '2,000 mega-watt highway,' Pilides said the first stage is expected to be operational within 2025. With a length of about 1,500 km and a maximum depth of 2,700 meters, it will be the longest and deepest subsea electricity cable to have ever been constructed, it said. The cable will have a capacity of 1,000-2,000 megawatts (MW) and is expected to be completed by 2024, according to Israel's energy ministry. Cypriot Energy Minister Natasa Pilides said it marked 'a decisive step towards ending the island's energy isolation, and consequently, our dependence on heavy fuels.' ![]() ![]() The project, called the Euro-Asia interconnector, will provide a back-up power source in times of emergency, said Israeli Energy Minister Yuval Steinitz, who was in Nicosia to sign a memorandum of understanding with his counterparts. An anonymous reader quotes a report from Reuters: Cyprus, Greece and Israel on Monday signed an initial agreement to build the world's longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids. ![]()
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