India inks MoU with IEA for global energy security, sustainability
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New Delhi, January 28: Taking a huge step forward for making global energy governance, India inked a 'Strategic Partnership Agreement' with International Energy Agency (IEA) to enhance and strengthen cooperation in global energy security, stability, and sustainability.
According to the government, this partnership will lead to an extensive exchange of knowledge. It also would be a stepping stone towards India becoming a full member of the International Energy Agency (IEA).
A historic moment in India-IEA relations – and a huge step forward for global energy governance!
— Fatih Birol (@fbirol) January 27, 2021
Very proud & honoured to sign the 🇮🇳-@IEA Strategic Partnership Framework today with Secretary @Sanjiv_Sahai & assembled dignitaries.
Look forward to deepening our collaboration. pic.twitter.com/KydAQfhFEF
The MoU was signed by SanjivNandanSahai, Secretary (Power) from the Indian side, and Dr.FatihBirol, IEA Executive Director from the IEA side.
The contents of the Strategic partnership will be jointly decided by the IEA Members and India, including a phased increase in benefits and responsibilities for India as an IEA Strategic partner, and building on existing areas of work within the Association and the Clean Energy Transitions Programme (CETP), such as Energy Security, Clean & Sustainable Energy, Energy Efficiency, Enhancing petroleum storage capacity in India, Expansion of gas-based economy in India, etc.
The IEA Secretariat will be responsible for the implementation of the cooperative activities in India and for facilitating discussion between the IEA Members and India to further develop the Strategic Partnership.
The Government of India endeavors to take the necessary steps to encourage and promote strategic and technical co-operation in the energy sector in the identified areas noted above, through the Framework Agreement.