In preparation for the 18th G20 Summit, a day-long conference on “Transnational Grid Interconnections for One Sun, One World, One Grid (OSOWOG)” took place in New Delhi on September 6, 2023. Hosted by the Power Grid Corporation of India Limited (POWERGRID), the event featured Union Minister for Power and New & Renewable Energy, emphasized the significance of OSOWOG in the global transition to renewable energy. OSOWOG aims to connect nations through solar energy, reducing reliance on expensive storage solutions and ensuring electricity access for all.
Facts/Terms for UPSC Prelims
- Power Grid Corporation of India Limited (POWERGRID): POWERGRID is a ‘Maharatna’ company under the Ministry of Power, Govt. of India, responsible for managing and operating India’s power transmission network. It plays a crucial role in the country’s electricity distribution infrastructure.
- 18th G20 Summit: The G20 Summit is an annual gathering of leaders from the world’s major economies to discuss and collaborate on global economic issues. The 18th summit signifies the 18th edition of this event.
- Renewable Energy Transition: This term refers to the shift from fossil fuels to sustainable energy sources like solar, wind, and hydropower. It’s a global initiative to reduce greenhouse gas emissions and combat climate change.
- Transnational Grid Interconnections: Transnational grid interconnections involve linking power grids across different countries, allowing for the exchange of electricity. This promotes energy sharing, grid stability, and access to diverse energy sources.
