27 January 2017 Current Affairs: Central Power Sector PSU Power Grid Corporation of India Ltd, popularly known as POWERGRID, on 25 January 2017 signed a Memorandum of Understanding (MoU) with Abu Dhabi Water & Electricity Authority (ADWEA) & its group of companies in Gurgaon.
The MoU was signed by Saeed Al Suwaidi, Managing Director of Abu Dhabi Distribution Co (UAE) and Anil Mehra, Executive Director- International Business of POWERGRID in the presence of IS Jha, CMD of POWERGRID.
Highlights of the MoU : The MoU envisages cooperation between ADWEA & its group of companies and POWERGRID to work in different areas including smart grid, Transmission technology.
Both the companies will also work for providing capability development and training in the field of Operation & Maintenance (O&M), Asset Management, Project Management, Power Transmission & Distribution, etc.
POWERGRID will also assist ADWEA in setting up an advanced World Class Capability Development institute in UAE.
Abu Dhabi Water & Electricity Authority (ADWEA) : Founded in 1998, About Abu Dhabi Water & Electricity Authority is a financially and administratively independent organization.
Owned by Abu Dhabi Government, the Abu Dhabi Water & Electricity Authority researches and develops varied ways to efficiently produce, distribute and consume water and electricity.
Presently, the company is striving to meet the Abu Dhabi 2030 vision by providing the water and electricity the UAE needs.
Power Grid Corporation of India Ltd : POWERGRID is a 'Navaratna' Central Public Sector Enterprise.
It works towards becoming the world class and integrated global transmission company with dominant leadership in the emerging power markets by ensuring reliability and economy.
Listed in the stock exchange since 2007, the company is consistently rated as Excellent under the MoU that was signed with the Union Ministry of Power in 1993-94.