India Inks Strategic Partnership With International Energy Agency (IEA)
India and the International Energy Agency (IEA) on Wednesday signed a framework for a strategic partnership to strengthen mutual trust and cooperation and to enhance global energy security, stability and sustainability.
This partnership will lead to an extensive exchange of knowledge and would be a stepping stone towards India becoming a full member of the Paris-based IEA, the ministry of power said in a statement.
The IEA was created in 1974 to help co-ordinate a collective response to major disruptions in the supply of oil. It is made up of 30 member countries and also includes eight association countries.
The Memorandum of Understanding was signed by Sanjiv Nandan Sahai, Secretary (Power) and Dr. Fatih Birol, IEA Executive Director.
Dr Birol termed the signing of the agreement as a historic moment and a huge step forward for global energy governance.