Page 70 - Policy Economic Report -August 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

Bharat Petroleum Bina 5 KTPA
Corporation Limited Vizag 5 KTPA
Hindustan Petroleum Numaligarh 10 KTPA
Corporation Limited 30 KTPA
Numaligarh Refineries
Limited
Total

The projects are implemented through BOO (Build Own Operate) arrangements through private
developers, with project – specific investments by the concerned project developers. Domestic
production and utilization of Green Hydrogen is expected to reduce dependence on imported fossil
fuels, enhance energy security and support India’s clean energy transition and net – zero objectives.

10. Union New and Renewable Energy Minister Pralhad Joshi Brings Bharat Renewable Energy Summit
2026 Roadshow to Mumbai, urges stakeholders for Clean Energy Investment Push

Union Minister for New and Renewable Energy, Education, Consumer Affairs and Food and Public
Distribution, Shri Pralhad Joshi, addressed a high-level gathering of investors, developers, financial
institutions and industry leaders and stakeholders at the Mumbai Roadshow for the upcoming Bharat
Renewable Energy Summit & Expo (BRESE) 2026.

Delivering the keynote address on the occasion, Union Minister for New and Renewable Energy Shri
Pralhad Joshi urged stakeholders across the energy sector to participate in the upcoming BRESE 2026,
noting that the Summit is generating considerable interest internationally. BRESE 2026 will bring
together three major global platforms under one roof — the BRE Summit & Expo, the 9th General
Assembly of the International Solar Alliance, and the 4th International Conference on Green
Hydrogen. The four-day event is expected to bring together Heads of Government and Energy
Ministers from more than 75 countries, global institutional investors, technology providers and over
25,000 participants from across the renewable-energy value chain, Shri Joshi said.

Shri Joshi said that the Summit will provide industry stakeholders an opportunity to build partnerships,
explore new markets and engage with global investors and technology providers. For States, the
Summit will offer a platform to showcase their project pipelines to global developers and international
financial institutions, while for banks and investors, it will facilitate greater convergence between
projects and financing opportunities, he added.

Highlighting the growth of the renewable-energy sector in the country, Shri Pralhad Joshi said that
India has crossed 300 GW of installed non-fossil-fuel capacity, reaching around 302–303 GW, while
the PM Surya Ghar: Muft Bijli Yojana has reached approximately 53.5 lakh beneficiary households.
Shri Joshi also said that India’s non-fossil-fuel capacity has increased from 80.3 GW to 300.5 GW over
the last 12 years, registering a 275 per cent increase. During the same period, solar capacity increased

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