The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved NTPC Limited NTPC Limited and approved increased power capacity to establish renewable energy capacity with a perme of up to Rs 20,000 crore for investment in NTPC Renewable Energy Limited and its other joint enterprises/subsidiaries. The cabinet has allowed the Maharatna CPSE to increase the power allocation from the current guidelines of electricity allocation to NTPC Limited to invest in its subsidiary NTPC Green Energy Limited (NGEL) and after that, NGEL NTPC Renewable Energy Limited (NREL) and its other joint environmental companies.
To increase the renewable energy (RE) capacity to gain 60 GW capacity by 2032, this amount can increase from the prescribed limit of Rs 7,500 crore to Rs 20,000 crore earlier. According to an official statement, this extended allocation given to NTPC and NGEL will be helpful in quick development of renewable projects in the country. According to a cabinet note, “This step will also play an important role in strengthening power structure and ensuring the availability of reliable electricity round the clock across the country.”
Prime Minister @narendramodi The Union Cabinet approved three important crops under the chairmanship of
Prime Minister Dhan-Dhanya Krishi Yojana, under this scheme spent Rs 24,000 crore every year through coordination of 36 central schemes for the overall development of 100 selected agricultural districts for six years… pic.twitter.com/fnl8ftnfh6
– DD News (@DDNEWSHINDI) July 16, 2025
Renewable Energy Project Constructions will also create direct and indirect employment opportunities for the local people during the operation and maintenance (O&M) phase. This will promote local suppliers, local enterprises/MSMEs and will increase entrepreneurship opportunities in the country. At the same time, employment and socio-economic development will also be boosted in the country. India has achieved a significant achievement in its energy change journey by acquiring 50 percent of its established power capacity from non-givash fuel sources. The country aims to reach 500 GW non-Givash energy capacity by 2030.
As a central public sector enterprise and the country’s leading power utility company, NTPC aims to add 60 GW Renuable Energy Capacity by 2032, which will help the country achieve this target and move towards the target of ‘Net Zero’ emissions by 2070. NGEL is the leading assistant listed company of NTPC Group for renewal energy growth through biological and abiotic development.
