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    MAHANADI WATER

    Gas hunt: RIL, ONGC, BP may share $1-billion infra facility

    The shared infrastructure, under the $1-billion plan, model aims to reduce development costs, eliminate standalone facilities for smaller discoveries and improve operational efficiency and commercial viability.

    Forget solar and wind: India bets on heat buried deep underground for round-the-clock clean electricity; here's the big plan

    India is stepping up efforts to tap its estimated 10.6 GW geothermal energy potential, with its first two geothermal wells commissioned in Ladakh's Puga Valley in July 2026. The government is also supporting pilot projects across Gujarat, Arunachal Pradesh and Telangana, while its 2025 National Geothermal Energy Policy aims to promote research, technology development and private investment in the sector.

    Government extends deepwater drilling support to previously awarded blocks

    The Indian government will provide financial support under the Samudra Manthan scheme for deepwater drilling activities. Recently issued guidelines extend this support to previously awarded Open Acreage Licensing Policy and Discovered Small Field blocks. Additionally, the financial assistance covers seismic surveys and a portion of exploratory well costs. Recovery of government funding will begin after commercial production or upon recovering 50% of costs.

    Govt sets rules for Rs 84,084-cr offshore oil hunt, will share deepwater drilling risk

    The Indian government will implement the Samudra Manthan scheme to encourage deepwater oil and gas exploration. Funding will cover part of the drilling costs for exploratory wells to enhance oil reserves. The initiative aims to reduce dependence on imported hydrocarbons while stimulating investment in offshore basins. Shared infrastructure support will also aid in connecting small discoveries for production.

    Odisha plans 'Silicon Valley' near Cuttack, offers 25% extra capex support for chip projects: CM Majhi

    Odisha plans a new "Silicon Valley" near Cuttack to attract chip industry investments. The state will offer additional fiscal support for supply chain projects. Discussions are ongoing with several international companies for semiconductor investments. Existing projects are under construction and expansion plans are being explored.

    Odisha govt concerned about Mahanadi issue, held discussions with Chhattisgarh CM: Majhi

    Odisha CM Mohan Charan Majhi is addressing the Mahanadi water dispute with Chhattisgarh and focusing on Bolangir's development. Discussions with Chhattisgarh CM have been held. Development projects worth Rs 890 crore, including an irrigation project benefiting 38,000 farmers, have been initiated. The state's MSP for paddy is increased with additional bonuses.

    The Economic Times
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