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India, UAE sign energy and nuclear pacts
The New Indian Express
|September 10, 2024
PM Modi, Crown Prince acknowledge success of economic partnership agreement and Bilateral Investment Treaty
INDIA and the United Arab Emirates on Monday signed four agreements to expand cooperation in energy, including nuclear power, as Prime Minister Narendra Modi held bilateral discussions with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, focusing on boosting strategic ties. Emirates Nuclear Energy Company (ENEC) and Nuclear Power Corporation of India Ltd (NPCIL inked an MoU for the operation and maintenance of Barakah Nuclear Power Plant, according to the ministry of external affairs (MEA).
An agreement for long-term LNG supply between Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Ltd, and another between ADNOC and India Strategic Petroleum Reserve Ltd (ISPRL) were signed.
The fourth pact is a production concession agreement for Abu Dhabi onshore block-one between Urja Bharat and ADNOC. A separate MoU was signed for development of a food park in Gujarat.
This story is from the September 10, 2024 edition of The New Indian Express.
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