Government of India has entered into a strategic partnership agreement with the International Energy Agency (IEA) to strengthen cooperation in global energy security, stability and sustainability.
This partnership will lead to an extensive exchange of knowledge and would be a stepping stone towards India becoming a full member of the IEA, according to a statement by the power ministry.
"The Framework for Strategic Partnership between the IEA members and the Government of India was signed on 27th January, 2021
to strengthen mutual trust and cooperation & enhance global energy security, stability and sustainability," it said.
The MoU was signed by Sanjiv Nandan Sahai, Secretary (Power) from the Indian side and Dr Fatih Birol, 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 Association and the Clean Energy Transitions Programme (CETP), such as Energy Security, Clean and Sustainable Energy, Energy Efficiency, Enhancing petroleum storage capacity in India, Expansion of gas-based economy in India.
The IEA Secretariat will be responsible for implementation of the cooperative activities in India and for facilitating discussion between the IEA Members and India to further develop the strategic partnership.
The agreement is an endeavor from Indian government to take necessary steps to encourage and promote strategic and technical cooperation in the energy sector in the identified areas, the ministry added.
