Cabinet Approves ₹20,000 Cr Investment Power to NTPC for Accelerated Renewable Energy Expansion

New Delhi, July 16 :In a major step towards accelerating India’s clean energy transition, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved enhanced delegation of investment powers to NTPC Limited. This enables NTPC and its subsidiary NTPC Green Energy Limited (NGEL) to invest up to ₹20,000 crore—up from the previously approved limit of ₹7,500 crore—for expanding renewable energy (RE) capacity through NTPC Renewable Energy Limited (NREL) and other joint ventures/subsidiaries.

This decision empowers NTPC and NGEL to fast-track the development of renewable projects, contributing significantly to the country’s power infrastructure and ensuring affordable, reliable, and sustainable electricity access across India.

The renewable energy projects will also provide a significant boost to local employment and MSMEs, generating both direct and indirect jobs during construction and operation stages. The initiative is expected to stimulate local enterprise growth, entrepreneurship, and socio-economic development.

India has already achieved 50% of its installed electricity capacity from non-fossil fuel sources, achieving this Paris Agreement commitment five years ahead of schedule. The country now aims to reach 500 GW of non-fossil energy capacity by 2030, with NTPC playing a pivotal role by committing to add 60 GW of renewable energy capacity by 2032. This aligns with India’s broader target of achieving Net Zero emissions by 2070.

NGEL, as NTPC’s renewable energy-focused arm, will drive both organic and inorganic growth. It currently holds a robust portfolio of approximately 32 GW of renewable capacity, including 6 GW operational, 17 GW contracted or awarded, and a 9 GW pipeline. NGEL’s strategy includes forming strategic partnerships with various State Governments and Central Public Sector Undertakings (CPSUs) for RE project development.

This move is expected to significantly bolster India’s green energy ambitions while reinforcing NTPC’s leadership in the country’s energy transformation.

 

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