Cabinet Approves Enhanced Investment Powers For NTPC To Accelerate Renewable Energy Expansion
NTPC gets Cabinet nod to invest up to ₹20,000 crore in NGEL and subsidiaries, accelerating push toward 60 GW renewable energy capacity by 2032
In a major push towards India’s renewable energy goals, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved enhanced delegation of financial powers to NTPC Limited. This strategic move allows NTPC to invest beyond the earlier cap of ₹7,500 crore—up to ₹20,000 crore—in its subsidiary NTPC Green Energy Limited (NGEL), which in turn will invest in NTPC Renewable Energy Limited (NREL) and other joint ventures/subsidiaries.
The decision empowers NTPC to accelerate the addition of renewable energy (RE) capacity and is a crucial step toward the company’s target of achieving 60 GW of RE capacity by 2032. This aligns with India’s broader commitment to achieving 500 GW of non-fossil fuel energy capacity by 2030 and attaining net-zero emissions by 2070.
The enhanced delegation is expected to catalyze faster implementation of RE projects, strengthening the nation’s power infrastructure while ensuring reliable and round-the-clock electricity access. It will also generate substantial employment—both direct and indirect—during construction and operations, giving a boost to local MSMEs, suppliers, and entrepreneurship.
NGEL, NTPC’s listed RE subsidiary, will spearhead this initiative through organic growth via NREL and strategic partnerships with state governments and other CPSUs. NGEL currently has a renewable energy portfolio of approximately 32 GW, including 6 GW operational, 17 GW contracted/awarded, and 9 GW in the pipeline.
India has already met 50% of its installed power capacity from non-fossil fuel sources—five years ahead of its target under the Paris Agreement—demonstrating its leadership in the global energy transition.
