Riyadh: Indian Union Minister for Power and New & Renewable Energy, Raj Kumar Singh, visited Saudi Arabia on October 07.
During the visit, the Hon’ble Minister participated in the MENA Climate Week 2023, met with several Saudi dignitaries, as well as interacted with the business community in Saudi Arabia.
On October 08, the Hon’ble Minister led the Indian delegation in the High-Level Segment of the Middle East and North Africa (MENA) Climate Week 2023, which is being held in Riyadh. He participated in the High-Level Ministerial Panel on, "Advancing the Energy Transition in the MENA region: Advancing inclusivity and circularity for just and Equitable Energy Transitions", as part of the MENA Climate Week.
Subsequently, he also addressed the gathering on the topic "GST Regional Dialogue: Riyadh Boulevard highlighting enablers and technologies for ambition and City inclusive transitions". During these addresses, he touched upon a multitude of pressing issues, ranging from climate change to affordable and reliable energy in achieving our Sustainable Development Goals, and raised several issues in light of the upcoming COP28 in UAE.
An MoU between India and Saudi Arabia in the fields of Electrical Interconnections, Green/Clean Hydrogen, and Supply Chains was signed between Union Minister Singh and the Minister of Energy, Government of Saudi Arabia, Abdulaziz bin Salman Al-Saud on the sidelines of the MENA Climate Week in Riyadh.
This MoU aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection; exchange of electricity during peak times and emergencies; 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.
Singh had in-depth discussions on various areas of mutual interests with Saudi Minister of Energy HRH Prince Abdulaziz bin Salman.
It was decided between the two energy ministers that B2B Business Summits and regular B2B interactions between the two countries will be conducted to establish complete supply and value chains in the above-mentioned areas of energy sector cooperation. The Hon'ble Minister also met with Executive Secretary, UNFCCC Mr. Simon Stielln on the sidelines of MENA Climate Week in Riyadh. They discussed issues of mutual interest, especially in light of the upcoming COP28 in the UAE.
On 09 October 2023, the Hon’ble minister along with the delegation visited the Sudair Solar Power Plant in Riyadh. The plant is the largest Solar plant in the Kingdom and the work is executed by an Indian company. Hon’ble Minister Shri. R.K. Singh held bilateral discussions with Saudi Minister of Investment H.E. Khalid Al-Falih. They discussed topics of mutual interest and agreed to promote investments in India and Saudi Arabia in the sectors of new and renewable energy. Later on, the Hon'ble Minister addressed a gathering of Saudi business personalities and investors and invited them to invest in India in the new and renewable energy sectors like solar energy, wind power, green hydrogen, etc. Saudi-India Business Council also hosted a dinner in honour of the Hon’ble Minister.
The Indo-Saudi partnership has strengthened considerably in recent years due to sustained engagements at various levels. The visit further consolidated the strategic partnership between the two countries and opened doors for joint collaborations and investments in new and renewable energy sectors.