India and Singapore have fast-tracked plans to connect their power grids through an undersea cable via Andaman & Nicobar, which will allow India to sell renewable energy to Singapore, people in the know said.
An agreement is expected to be signed soon.
“The landed cost of the renewable energy that will be exported through this arrangement to Singapore is projected to be cheaper than their gas-based electricity,” one of the sources said, making an economic case for the investment.
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