Page 49 - Policy Economic Report - Feb 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

the draft Floating Solar PV (FSPV) Potential Assessment Report and the draft Floating solar policy prepared
by National Institute of Solar Energy (NISE) & IIT Roorkee, respectively.

Considering the prevailing land constraints faced in Renewable Energy (RE) projects, FSPV has emerged
as an alternate avenue. However, only around 700 MW of FSPV projects has been commissioned in India,
so far. This is majorly due to lack of data on the potential sites and clear framework for project execution.

In order to overcome this bottleneck, MNRE in association with NISE and IITR has prepared these
documents.

MNRE requested all States/UTs to have internal consultations with all stakeholders at state level like
Water Resources/Irrigation, Revenue, Fisheries, Forest, Agriculture, DISCOMs/Transcom, PWD, Tourism,
Pollution Control etc., and provide their comments and feedbacks on draft policy and potential.

The discussion focused on providing innovative solutions like plug and pay models, allotment of water
bodies with all necessary approvals etc. for the derisking the developers and investors. Based on the
potential and policy, States/UTs may also identify and prioritize sites for the development of FSPV
projects.

MNRE will also have detailed consultations with MoEFCC, Wetland Authority, National Dam Safety
Authority etc. on the floating solar policy, based on the feedback received from the states.

In Rajya Sabha, Union Minister Dr. Jitendra Singh Affirms Fast-Track Nuclear Expansion; Capacity Set to
Triple by 2031–32

Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO,
Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh, asserted in the Rajya
Sabha that India’s nuclear energy programme is in a decisive expansion phase, backed by policy reforms,
private sector participation and clearly defined capacity targets extending up to 2047.

The Minister said India’s installed nuclear capacity, which stood at 4,780 MW in 2014, has risen to 8,780
MW and is projected to reach 22,380 MW by 2031–32, 47 GW by 2037, 67 GW by 2042 and 100 GW by
2047. He affirmed that India is moving forward with self-reliance and confidence, and that geopolitical
developments will not derail ongoing nuclear projects.

Addressing a question on negotiations concerning the proposed six 1600 MW reactors at Jaitapur Nuclear
Power Project, Dr Jitendra Singh said that discussions have been ongoing and that while the technical
agreement framework is in place, certain commercial aspects remain under consideration. He indicated
that the matter is being pursued in coordination with relevant ministries, keeping national interest
paramount.

On concerns regarding uranium imports and possible supply disruptions in a volatile global environment,
Dr. Jitendra Singh stated that India has strengthened its energy security significantly over the last decade.
He said nuclear capacity has more than doubled since 2014 and that policy measures, including recent
enabling provisions and duty exemptions for nuclear plant equipment imports up to 2035, are aimed at

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