In a statement, the Ministry of Power said this new phase aims to provide technical support for ensuring round-the-clock power supply, expanding renewable energy initiatives, and accelerating industrial energy efficiency and decarbonisation.
Authorities also announced the establishment of a UK-India Offshore Wind Taskforce, which will focus on advancing offshore wind ecosystem development, supply chains, and financing models in both countries.
Recognising the importance of power market regulations in fueling energy transition and ensuring power security, the countries announced the continuation of the Power Sector Reforms programme under the UK Partnering for Accelerating Climate Change.
They also proposed the formation of another task force between the UK’s Office of Gas and Electricity Markets and India’s Central Electricity Regulatory Commission to support renewable energy integration and grid transformation in the South Asian state.
