India's Green Energy Boost: ₹20,000 Cr for NTPC

In a major push toward clean energy, the government has approved an investment of up to ₹20,000 crore by state-run NTPC to accelerate its renewable energy expansion. The move supports NTPC’s ambitious target of achieving 60 GW of renewable energy capacity by 2032.

The decision was announced by Information & Broadcasting Minister Ashwini Vaishnaw after a Cabinet Committee on Economic Affairs (CCEA) meeting chaired by Prime Minister Narendra Modi. The CCEA also approved enhanced delegation of powers to NTPC, allowing it to invest in its green energy subsidiary NTPC Green Energy Ltd (NGEL). In turn, NGEL can now invest in NTPC Renewable Energy Ltd (NREL) and other joint ventures or subsidiaries. This marks a significant jump from the earlier investment cap of ₹7,500 crore.

An official statement noted that the approval would fast-track the development of renewable energy projects, strengthen India’s energy infrastructure, and ensure round-the-clock power supply to meet growing demand.

In a related decision, the CCEA also approved a ₹7,000 crore investment by NLC India Ltd into its wholly-owned subsidiary NLC India Renewables Ltd (NIRL). The move exempts NIRL from standard CPSE investment guidelines, allowing it to directly invest — or form joint ventures — in various green energy initiatives without prior government approvals.

These approvals mark a significant step in advancing India’s clean energy transition and energy security goals.

News by Rahul Yelligetti.