The government has given NTPC permission to use ₹20,000 cr for accelerating its renewable energy expansion plans with a target of 60 GW capacity by 2032. The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi approved an increase in NTPC’s investment powers to ₹20,000 crore from the previous limit of ₹7,500 crore. NTPC can now invest in NTPC Green Energy Ltd (NGEL) which will invest in NTPC Renewable Energy Ltd (NREL) and other subsidiaries or joint ventures to add renewable energy projects. This strategic move will speed up the development of green energy projects and enhance the power infrastructure of India by providing uninterrupted electricity supply throughout the country.
The government also allowed NLC India to invest ₹7,000 crore in its subsidiary NLC India Renewables Limited (NIRL). The decision allows NLC India to bypass existing investment restrictions for Navratna PSUs so NIRL can develop renewable projects either directly or through JVs without needing prior approvals. These measures demonstrate India’s dedication to clean energy and climate targets while promoting economic expansion and sustainable development. The investments demonstrate a major dedication to renewable energy development which supports the national goal of achieving energy security and lowering carbon emissions during the upcoming years.
