India Signs Strategic Partnership Agreement With the IEA

The Framework for Strategic Partnership between the IEA members and the Government of India was signed on Jan 27.

The Framework for Strategic Partnership between the International Energy Agency (IEA) members and the Government of India was signed on January 27, 2021, to strengthen mutual trust and cooperation, and enhance global energy security, stability and sustainability. As per the terms of the partnership agreement, this new collaboration will lead to an extensive exchange of knowledge and would be a stepping stone towards India becoming a full member of the IEA.

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. 

“Today is a historic day. The signing of this agreement reaffirms and advances the invaluable relationship that IEA members and India have,” said Sahai. “Under the framework of this newly formed alliance, we will establish with the IEA the key steps for enhancing energy security and substantive cooperation across the full spectrum of IEA activities. We hope this partnership leads to an extensive exchange of knowledge and can be a stepping stone towards India becoming a full member of the IEA.”

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 & Sustainable Energy, Energy Efficiency, Enhancing petroleum storage capacity in India, Expansion of gas-based economy in India, etc. 

India is becoming increasingly influential in global energy trends. According to the IEA’s in-depth report on India’s energy policies, which was released in January 2020, the country’s demand for energy is set to grow rapidly in the coming decades, with electricity use set to increase particularly fast. The country’s reliance on fuel imports makes further improving energy security a key priority for the Indian economy.

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.

“India will have a critical role in shaping the world’s energy and climate future. As the leading global authority on clean energy transitions, the IEA is the perfect partner to support India as it expands and improves its energy system for the benefit of its 1.4 billion citizens,” said Dr. Birol. “I believe this Strategic Partnership is the natural next step for India and the IEA that could eventually lead to full membership. We’re delighted to be further strengthening our work with India to help it pursue a secure and sustainable path forward, and look forward to working closely with the Government of India to develop and coordinate the contents of the Strategic Partnership.”

The Government of India endeavours 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.

"Want to be featured here or have news to share? Write to info[at]saurenergy.com
Ayush Verma

Ayush Verma

Ayush is a staff writer at saurenergy.com and writes on renewable energy with a special focus on solar and wind. Prior to this, as an engineering graduate trying to find his niche in the energy journalism segment, he worked as a correspondent for iamrenew.com.

      SUBSCRIBE NEWS LETTER
Scroll