Page 45 - Policy Economic Report - December 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

expected to boost tourism and enhance river navigation, contributing to long-term regional development
and prosperity.

NHPC has invested around ?155 crore in CSR initiatives across Arunachal Pradesh and Assam. Key works
include constructing 3,129 toilets under Swachh Vidyalaya Abhiyaan, establishing a Vivekananda Kendra
Vidyalaya in Dollungmukh serving 250 students, providing safe drinking water facilities at 1,841
locations and RO water with sanitation at 9 locations and executing multiple rural development projects
such as community halls, meeting halls, causeways and water supply schemes in nearby areas.

Framework for Carbon Credit Trading Scheme (CCTS)

The framework for the Indian Carbon Market under the Carbon Credit Trading Scheme (CCTS) has been
formulated. The institutional structure comprises a National Steering Committee co-chaired by the
Secretaries of the Ministry of Power and the Ministry of Environment, Forest and Climate Change, with
Grid India functioning as the Registry and the Bureau of Energy Efficiency (BEE) serving as the
Administrator.

The CCTS operates through two mechanisms: The Compliance Mechanism and the Offset Mechanism.

Under the Compliance Mechanism, emission-intensive industries designated as Obligated Entities are
required to meet assigned Greenhouse Gas Emission Intensity (GEI) targets, and entities that outperform
their targets are eligible for Carbon Credit Certificates.

Under the Offset Mechanism, Non-Obligated Entities may voluntarily register projects that reduce,
remove or avoid greenhouse gas emissions for the purpose of seeking issuance of Carbon Credit
Certificates.

The sectors transitioned from the Perform, Achieve and Trade (PAT) scheme to the Compliance
Mechanism under the CCTS include aluminium, cement, chlor-alkali, petrochemicals, petroleum
refineries, pulp and paper, and textiles. Thermal power plants have not been transitioned from the PAT
scheme to the CCTS Compliance Mechanism.

Smart Metering Adoption: 4.76 Crore Smart Meters Installed

Under Revamped Distribution Sector Scheme (RDSS), 20.33 crore smart meters have been sanctioned
based on the proposal submitted by the States. In addition, many States have installed smart meters under
the State schemes or externally aided projects. Till date 4.76 crore smart meters have been installed in
the country under various schemes.

Under RDSS, smart metering is being carried out through Public Private Partnership (PPP) in TOTEX (i.e
total expenditure which is sum of capital expenditure and operational expenditure) mode. The Advanced
Metering Infrastructure Service Provider (AMISP) is responsible for supplying, maintaining and operating
the metering infrastructure post installation.

To promote indigenization in Smart Meters, this Ministry, after deliberations with stakeholders, has taken
various steps:

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