Emirati state-backed Etihad Water and Electricity (EtihadWE) plans to undertake a feasibility study for a proposed undersea power interconnector between the UAE and India.
An expression of interest has been issued, inviting consultants to submit plans by January 31 to carry out a techno-economic feasibility study, the utility provider said in a statement.
The study aims to assess the long-term technical, economic and market viability of power exchange between the UAE and India. It will include physical route surveys, evaluation of energy-exchange scenarios, cost-benefit analysis, grid-impact assessments and optimisation of interconnector capacity through sensitivity studies.
The study will also provide refined cost estimates, supply-chain and execution timelines, legal and regulatory reviews, risk identification and support for the preparation of draft tender documents and technical specifications.
Furthermore, it will outline bankable financing, ownership and operational structures, including revenue-maximisation initiatives and an implementation and operations schedule.
In June 2023, India and the UAE discussed connecting their grids through undersea cables as part of a “one sun, one world, one grid” initiative, India’s Economic Times newspaper reported.
“Solar power can be traded between the two countries because of the time difference,” the report quoted an unidentified government official as saying.


Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more
