India, Saudi Arabia tie up for electrical interconnections, green hydrogen

NEW DELHI: India and Saudi Arabia on Sunday inked an initial pact to collaborate in the field of electrical interconnections, green/clean hydrogen and supply chains. The Memorandum of Understanding (MoU) aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection and exchange of electricity during peak times and emergencies.

Besides, both the countries aim for co-development of projects, co-production of green/clean hydrogen and renewable energy, and also establishing secure, reliable and resilient supply chains of materials used in green/clean hydrogen and the renewable energy sector.

According to a power ministry statement, India and Saudi Arabia signed the Memorandum of Understanding (MoU) in Riyadh on Sunday.