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India and the United Arab Emirates (UAE) are close to a major agreement on a renewable energy interconnection between the two countries, India's Minister of Power and New and Renewable Energy said. Raj Kumar Singh, who is visiting the Gulf Arab oil producer for the International Renewable Energy Agency's (IRENA) assembly in Abu Dhabi, of which India is currently president, He did not elaborate on a time frame. There is a major agreement for an interconnection between the UAE electricity grid, and the Indian grid, Singh said, adding that this would be under the One Sun, One World, One Grid initiative by a group of countries to create renewable energy networks. The OSOWOG initiative, first proposed by Indian Prime Minister Narendra Modi, aims to transfer renewable energy power through connecting grids. Singh said the UAE has also indicated it would like to invest more in India's renewable energy projects, including solar and wind. India and the UAE also signed an MoU on Jan. 13 on green hydrogen development, produced using renewable energy, India's embassy in the UAE said on Twitter. The UAE's Ministry of Foreign Affairs and International Cooperation declined to provide an immediate comment. Last year, the Gulf state concluded a broad trade agreement with India that aims to increase bilateral non-oil trade to $100 billion in the next five years. Also Read PSP Projects Receives Contract To Build SMC Twin Tower CIL arm to introduce new dust control technology