#India 'One Sun, One World, One Grid' initiative
PM Narendra Modi, on 15 August 2020, mentioned about the mega plan of One Sun, One World, One Grid or a trans-national electricity grid ess supplying solar power across the globe.
The idea was first floated by him in 2018 during the first estbly of the International S lost% Alliance (ISA).
It is a part of India's answer to China's One Belt One Road infrastructure initiative.
In June this year, the ministry of new and renewable energy came out with a Request for Proposal (RFP) to hire consultants for converting this idea into policy. Several policy experts cited it as part of India’s answer to China’s One Belt One Road infrastructure initiative which entails investment in close to 70 countries.
The plan is divided into three phases: the first phase will connect the Indian grid with the Middle East, South Asia and South-East Asian grids to share solar and other renewable energy resources. The second phase will connect the first phase nations with the African pool of renewable sources. The third phase will be the concluding step of global interconnection, said MNRE.
Prospects For India
Parity with Great Powers: This ambition puts India alongside other major powers and their super-grid projects such as China’s Global Energy Interconnection project, Europe’s gold-standard power pools.
Also, OSOWOG will provide an opportunity for India to move onto the centre stage globally, accelerating the energy system decarbonisation to help solve the global climate crisis.
Climate Mitigation: OSOWOG assumes more importance in backdrop of the USA’s withdrawal from the Paris climate deal.
Also, OSOWOG will help to mitigate ill effects on climate by providing clean and renewable energy sources.
Further, enabling member countries to fulfill their Nationally Determined Contributions (NDCs) towards reducing global warming.
Balancing China: OSOWOG will provide a strategic rebalance in favour of India and will control the increasing Chinese dominance in Asian subcontinent, providing a better alternative to developing countries.
Bridging Current Account Deficit: India is currently importing around $250 billion of fossil fuel annually (oil, diesel, LNG, coking and thermal coal).
OSOWOG can help India meet its needs and subsequently promote sustainable renewable energy exports and may improve the current account deficit and reduce imported inflation pressures.
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