Page 63 - Policy Economic Report - September 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

Approval has been given for upto 600MW of export through Muzaffarpur - Dhalkebar 400 kV D/c line
and upto 54 MW through Tanakpur - Mahendranagar 132 kV S/c line. The quantum of power to be
exported from January 2027, will be reviewed in December, 2026.

The recent floods have caused significant damage to hydropower infrastructure in Nepal, reducing its
domestic power generation capacity and creating an additional requirement for electricity. The
approval will help Nepal meet its power requirements during this difficult period and further
strengthen the close and longstanding energy cooperation between India and Nepal.

India remains committed to supporting Nepal and strengthening bilateral cooperation in the energy
sector.

8. Shri Manohar Lal Participated in G20 Energy Abundance Ministerial Meeting; Addresses Ministerial
Sessions and Holds Bilateral Meetings with the United States and Canada

Shri Manohar Lal, Union Minister of Power and Housing & Urban Affairs, participated in the G20
Energy Abundance Working Group meetings in Houston on 15 September 2026. He delivered
interventions under Pillar 1 and Pillar 2 and held bilateral discussions with senior leaders from the
United States and Canada on strengthening energy cooperation.

Pillar 1: Energy Security and Affordable Baseload

The Minister highlighted India’s rapid progress in building a secure and resilient energy system, noting
achievements such as 552 GW installed capacity, a non-fossil share exceeding 50%, and major
advances in solar, storage, nuclear, and clean cooking access. He emphasised India’s commitment to
technology neutral, inclusive energy pathways and global cooperation through ISA, OSOWOG, and the
Global Biofuels Alliance.

Pillar 2: Permitting and Regulatory Efficiency

Shri Manohar Lal outlined India’s reforms to streamline approvals and strengthen regulatory
predictability through digital platforms including the National Single Window System, PARIVESH, and
PM Gati Shakti. He stressed that efficient permitting is essential for timely infrastructure development
and called for enhanced G20 collaboration in capacity building and regulatory modernisation.

Bilateral Meeting with the United States
The Union Minister met Shri Chris Wright, Secretary, U.S. Department of Energy, and discussed India’s
power infrastructure plans for AI, high-performance computing, and data centres, along with India’s
nuclear expansion roadmap. Both sides reaffirmed priorities for collaboration under the U.S.–India
Energy Security Partnership, focusing on clean energy, resilient infrastructure, and emerging
technologies.

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