Page 50 - Policy Economic Report - April 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

He further emphasized that early formulation of rules and guidelines would facilitate faster progress, and
stressed the importance of ensuring long-term fuel availability, maintaining safety, and achieving broader
energy security objectives.

Shri Praveen Gupta, Member (E&C), CEA opened the session by emphasizing that multi-stakeholder
collaboration across government, industry, and academia is vital to realizing India’s ambitious nuclear
energy goals.

The workshop featured extensive technical and policy deliberations across seven key areas:

1. Decoding the SHANTI Act, 2025 and fuel security: Detailed discussions were held on provisions
relating to private sector participation, the graded liability framework, and the harmonization of
the new act with the Electricity Act, 2003. Discussions emphasized the importance of fuel security,
including domestic capability expansion and maintaining strategic reserves

2. Site Selection & Project De-risking: Experts highlighted the need for robust site selection, land
acquisition, and project de-risking mechanisms. Repurposing of retiring thermal power plants and
stronger coordination with states were identified as key enablers for faster capacity addition.

3. Technology Access & Deployment: Technology access and deployment were highlighted as central
themes, including the need for design support institutions, streamlined approvals, and global
collaborations.

4. Localisation & Skill Development: Strengthening of supply chains, localisation, and skill
development emerged as critical for scaling up the nuclear programme

5. Cost, Tariff & Financing: The workshop also underlined the necessity of cost competitiveness of
nuclear, with focus on tariff structures, standardization, indigenization, and innovative financing
models.

6. SMR and MMR Development: The role of SMRs/MMRs was emphasized as a future pathway to
address challenges of large reactors through flexible, safer, and faster deployment models.

7. Risk Management & Fuel Security: risk management frameworks, including insurance and liability
mechanisms, were discussed as essential components to ensure investor confidence and
sustainable sector growth

The workshop was attended by more than 150 delegates from various organisation including 19 States,
Central Ministries, Departments, Regulators, Public and Private Developers, PSU/Private vendors,
engineering consultancy companies, academic institution and industry associations.

India Meets All-Time Highest Peak Power Demand of ~256 GW Without Shortage

India has successfully met its all-time highest peak electricity demand of 256.1 GW on 25th April 2026 at
15:38hrs without any shortage, while simultaneously maintaining electricity exports to neighbouring
countries.

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