Nirmala Sitharaman tabled the Economic Survey 2023-24 in the Parliament today. The Survey, authored by Chief Economic Advisor V Anantha Nageswaran and his team, highlighted the initiatives taken by India to address climate change and energy security.
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Among other things, the survey highlighted India's ambitious 'One World, One Sun, One Grid' or OSOWOG project.
It is an ambitious project led by India and the UK to interconnect solar energy systems on a massive scale, the survey revealed.
«The vision behind the OSOWOG is the mantra that 'the sun never sets', and the idea is to harness solar and other renewable energy
sources from different parts of the world, where the sun is shining at any given moment, and efficiently transmit that power to areas where it is needed.
The OSOWOG initiative is to be carried out in three phases. In the first phase, the Indian grid would be connected to the
Middle East, South Asia, and South-East Asia grids to develop a common grid. The second phase would connect the functional first phase to the pool of renewable resources in Africa, and finally, the third phase would look at achieving true global interconnection with the aim
of 2,600 GW of interconnection by 2050, the survey added.
PM Modi gave the slogan of 'One World, One Sun, One Grid' while addressing the nation on its 77th Independence Day last