India, UAE close to deal on renewable electricity grid link

18 Jan 2023 CW Team

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.

Raj Kumar Singh, who is visiting the Gulf Arab oil producer for the International Renewable Energy Agency's (IRENA) assembly in Abu Dhabi, of which India is currently president, He did not elaborate on a time frame.

"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. Singh said the UAE has also indicated it would like to invest more in India's renewable energy projects, including solar and wind.

India and the UAE also signed an MoU on Jan. 13 on green hydrogen development, produced using renewable energy, India's embassy in the UAE said on Twitter.

The UAE's Ministry of Foreign Affairs and International Cooperation declined to provide an immediate comment. Last year, the Gulf state concluded a broad trade agreement with India that aims to increase bilateral non-oil trade to $100 billion in the next five years.

Also Read
PSP Projects Receives Contract To Build SMC Twin Tower
CIL arm to introduce new dust control technology

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..