Page 43 - Policy Economic Report - November 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

The Minister commended the NETRA team for developing solutions that address the energy transition
and energy security challenges. He emphasized that India’s capabilities in innovation and technology are
setting new benchmarks for sustainable development and energy transition.

Shri Manohar Lal was also briefed about NTPC’s pioneering R&D work in the domain of Carbon Capture,
Green Hydrogen, Energy Storage and Waste-to-Energy Technologies.

The Minister visited following demonstration plants at NTPC NETRA: (i) Green Hydrogen Mobility Plant,
(ii) STP Water-based Green Hydrogen Plant, (iii) Solid Oxide-based High-Temperature Steam Electrolyzer,
(iv) MSW-RDF based enhanced Steam Gasification Plant, (v) AC Microgrid (4 MWp & 1 MWh Li-NMC BESS)
alongside state-of-the-art NABL-accredited laboratories.

Global investor community continues to express confidence in India’s future, says Shri Manohar Lal

Shri Manohar Lal, Union Minister for Power and Housing & Urban Affairs, met the members of the US-
India Strategic Partnership Forum (USISPF) and leading business representatives in New Delhi.

During the interaction, Shri Manohar Lal highlighted the Government of India’s ambitious national
missions across multiple domains, including energy transition, urban infrastructure development, the PM-
AWAS Yojana, and digital infrastructure expansion. He also underscored India’s achievements in
strengthening its power, housing and urban sectors, driven by innovation, investment, and inclusive
growth.

The Minister appreciated the strong and positive response from USISPF members and business leaders,
noting that the global investor community continues to express confidence in India’s future.

Drawing inspiration from the Indian idea of “Vasudhaiva Kutumbakam” (the world is one family), the
Minister emphasized India’s commitment to shared growth, shared responsibility, and a shared future.

The discussions covered a wide range of issues including affordability of green hydrogen, collaboration in
the transmission sector between India and the US, exports of solar modules from India, investment by US
companies in innovative energy storage solutions and reliable & quality power supply to upcoming data
centers in India.

The visiting delegation consisted of members of USISPF including Shri John Chambers, Founder & CEO,
JC2 Ventures & Chairman, USISPF, Dr. Mukesh Aghi, President & CEO, USISPF, Shri Prabhakar Raghavan,
Chief Technologist, Google, Shri Jack P. Williams, Senior Vice-President, Exxon Mobil, and Shri Vikram
Kapur, Group President, ReNew.

Pumped Storage Projects (PSPs) can play crucial role in storing surplus green power, says Shri Manohar
Lal

The Ministry of Power convened a meeting of the Consultative Committee of the Members of Parliament
at Pinnapuram, Kurnool district, Andhra Pradesh. The meeting that focussed on Pumped Storage Projects
(PSPs) was chaired by Shri Manohar Lal, Union Minister of Power. It was attended by Sh. Shripad Yesso
Naik, Minister of State for Power, Members of the Consultative Committee for Ministry of Power from

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