Cabinet Approves Enhanced Delegation of Power to NTPC Ltd for RE Capacity Addition

The Cabinet Committee on Economic Affairs has granted enhanced delegation of power to NTPC Limited 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. This move will facilitate accelerated development of renewable projects in the country, strengthen power infrastructure, and ensure investment in providing reliable, round-the-clock electricity access across the nation. It will also generate direct and indirect employment opportunities and promote socio-economic development of the country. NTPC aims to add 60 GW of Renewable Energy Capacity by 2032 to help the Country in achieving its target of 500 GW of non-fossil energy capacity by 2030 and move towards 'Net Zero' emissions by 2070.