Cabinet clears Rs. 20,000 crore renewable energy push by NTPC
Energy

Cabinet clears Rs. 20,000 crore renewable energy push by NTPC

NGEL has a portfolio of ~32 GW RE capacity including ~ 6 GW operational capacity, ~17 GW contracted/awarded capacity, and pipeline of ~9 GW

  • By ICN Bureau | July 17, 2025

The Cabinet Committee on Economic Affairs has granted enhanced delegation of power to NTPC Limited from the extant guidelines of delegation of power to Maharatna CPSEs for making investment in NTPC Green Energy Limited (NGEL), a subsidiary company and subsequently, NGEL investing in NTPC Renewable Energy Limited (NREL) and its other JVs/subsidiaries beyond earlier approved prescribed limit of Rs. 7,500 crore upto an amount of Rs. 20,000 crore for Renewable Energy (RE) capacity addition to achieve 60 GW Renewable Energy Capacity by 2032.

The enhanced delegation given to NTPC and NGEL will facilitate accelerated development of renewable projects in the country. This move will also play a vital role in strengthening power infrastructure and ensuring investment in providing reliable, round-the-clock electricity access across the nation.

Renewable Energy projects will also generate direct and indirect employment opportunities to the local people at construction stage as well as during O&M Stage. This shall provide a boost to local suppliers, local enterprises/MSMEs and shall encourage the entrepreneurship opportunities within the country besides promoting employment and socio-economic development of the country.

India has achieved a landmark in its energy transition journey by reaching 50% of its installed electricity capacity from non-fossil fuel sources - five years ahead of the target set under its Nationally Determined Contributions to the Paris Agreement.

NGEL is the flag-bearer listed subsidiary of NTPC Group for renewable energy capacity addition through organic and inorganic growth. NGEL has a portfolio of ~32 GW RE capacity including ~ 6 GW Operational capacity, ~17 GW Contracted/Awarded capacity and Pipeline of ~9 GW.

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