Union Budget 2026: The Department of Atomic Energy is pushing for tax breaks and green incentives for nuclear power. This aims to put nuclear energy on par with solar, wind, and hydro power. The department wants GST waivers and access to green financing. Nuclear projects currently face higher taxes and environmental classifications that slow progress.
India’s peak power demand dipped to 238.15 GW on Sunday, a decrease from Saturday’s record 256 GW as commercial and industrial activities paused. Despite a slight shortfall, demand is nearing the government’s summer estimate of 270 GW, driven by rising temperatures and increased use of cooling appliances.
China’s Foreign Minister Wang Yi has urged Iran to guarantee safe passage through the Strait of Hormuz. This critical waterway is vital for global oil trade. China, a major importer of Iranian oil, is concerned about energy disruptions. The call comes as Pakistan attempts to mediate new peace talks between the US and Iran.
India’s increased Russian oil imports, saving billions, now face disruption due to new U.S. tariffs, potentially slashing exports and impacting jobs. This strains the delicate balance between India’s vital partnerships with both Russia and the U.S., forcing a recalibration of its foreign policy amid geopolitical pressures and economic concerns. The situation could also embolden China…
Sources reveal that Indian oil refiners continue to procure oil from Russia, driven by economic factors and adherence to international norms. Despite global concerns and price volatility, India’s strategic sourcing has ensured affordable energy and market stability. While adhering to international frameworks, India’s approach has contributed to global energy stability.
Coal India plans a significant investment of Rs 3,300 crore for eight new coking coal washeries. This initiative aims to enhance domestic coal quality and decrease reliance on imports. The new facilities, with a combined capacity of 21.5 million tonnes per year, are expected to be operational by FY30.
The Supreme Court has overturned a Gujarat High Court ruling. Adani Power Limited will receive a refund for customs duty paid on electricity. This duty was levied on power generated in a Special Economic Zone and supplied domestically. The court stated that previous judgments had already declared such levies invalid.
India’s fuel demand growth will slow significantly in late 2026. Government conservation efforts, rising oil prices, and a weaker rupee are impacting travel and consumption. Oil companies have increased petrol and diesel prices. Prime Minister Modi urged fuel saving. Analysts predict a substantial cut in India’s refined products demand forecast for 2026.
Central Electricity Regulatory Commission rejected CESC Limited’s petition. The petition sought approval for a tariff related to long-term power procurement. This procurement involved 300 MW of power from wind-solar hybrid projects. The rejection stemmed from non-compliance with competitive bidding guidelines. CESC failed to secure prior approval for deviations. The Commission advised CESC to consider re-bidding.
The Supreme Court has directed all states and Union Territories to clear power distribution companies’ regulatory assets within four years, potentially raising electricity bills nationwide. This ruling addresses the accumulation of over Rs 1.5 lakh crore in regulatory assets, accumulated by discoms like BSES and Tata Power, mandating a roadmap for their recovery and strict…