New Delhi, July 16, 2025 — In a major boost to India’s clean energy ambitions, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved enhanced financial powers for NTPC Limited, allowing the Maharatna PSU to invest up to ₹20,000 crore in its renewable energy subsidiaries.
The decision marks a significant increase from the previous investment cap of ₹7,500 crore and is aimed at fast-tracking NTPC’s goal of achieving 60 GW of renewable energy capacity by 2032. The funds will be channeled through NTPC Green Energy Limited (NGEL) and its wholly owned subsidiary NTPC Renewable Energy Limited (NREL), as well as other joint ventures and subsidiaries.
According to the official statement, the move will facilitate the accelerated development of solar, wind, hybrid, and storage projects, while also strengthening India’s power infrastructure and ensuring round-the-clock electricity access nationwide.
India recently achieved a milestone by reaching 50% of its installed electricity capacity from non-fossil fuel sources, five years ahead of its target under the Paris Agreement’s Nationally Determined Contributions (NDCs). The country now aims to install 500 GW of non-fossil energy capacity by 2030 and achieve net-zero emissions by 2070.
The renewable energy expansion is also expected to generate direct and indirect employment during both construction and operations phases, support local suppliers and MSMEs, and promote grassroots entrepreneurship.
As of June 2025, NGEL manages a renewable portfolio of approximately 32 GW, including 6 GW operational, 17 GW contracted or awarded, and 9 GW in the pipeline. Strategic partnerships with state governments and public sector enterprises are also underway to further scale project development.
The Cabinet’s approval grants NTPC the flexibility to expedite green energy deployment, positioning the company as a key driver in India’s transition to sustainable power.
