The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved enhanced delegation of financial powers to NTPC Limited, enabling the company to invest beyond the previously sanctioned limit of ₹7,500 crore—now extended up to ₹20,000 crore—for renewable energy development. This enhanced delegation applies to investments in its subsidiary NTPC Green Energy Limited (NGEL), and subsequently through NGEL in NTPC Renewable Energy Limited (NREL) and other joint ventures and subsidiaries.
This strategic move is aimed at accelerating the country’s renewable energy growth and supporting NTPC’s target of achieving 60 GW of renewable energy capacity by 2032. The decision will facilitate faster development of clean energy projects and contribute to strengthening India’s power infrastructure while ensuring affordable, reliable, and round-the-clock electricity across the country.
Apart from environmental benefits, the scale-up of renewable energy projects is expected to create both direct and indirect employment for local communities during construction and operations phases. The initiative will boost opportunities for local suppliers, MSMEs, and entrepreneurs, thereby supporting regional development and economic growth.
India has already achieved a key milestone in its energy transition by sourcing 50% of its installed electricity capacity from non-fossil fuel sources—five years ahead of the timeline committed under its Nationally Determined Contributions to the Paris Agreement. The country now aims to reach 500 GW of non-fossil energy capacity by 2030 and achieve Net Zero emissions by 2070.
NTPC, India’s leading power utility and a Maharatna CPSE, is central to this transformation. NGEL, a listed subsidiary of NTPC, is driving the group’s renewable energy expansion through both organic and inorganic routes. Its wholly owned subsidiary NREL leads the organic development, while NGEL has also formed strategic partnerships with various State Governments and Central PSUs to advance renewable energy projects.
NGEL currently holds a robust renewable energy portfolio of approximately 32 GW, including around 6 GW of operational projects, 17 GW of contracted or awarded capacity, and a development pipeline of 9 GW. The Cabinet’s decision will empower NTPC and its subsidiaries to play a pivotal role in India’s green energy future.
